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šØPowell: U.S. Economic Actanding at a Solid Pace, Labor Market Stable.šØ
š·On February 11th, #Federal Reserve Chairman #Powell indicated that recent indicators give the indication that economic activity is continuously expanding at a stable pace. Driven by the tenacity in consumer spending, the GDP in 2024 witnessed a growth of 2.5%.
š·The investment in equipment and intellectual property appeared to have weakened in the fourth quarter, yet the overall performance for the year remained strong. After a soft period in the middle of last year, the activity in the real estate sector seems to have become stable.
š·On the labor market front, the situation remains firm and seems to have reached a plateau. Over the past four months, there has been an average monthly increase of 189,000 jobs. Following an earlier upward trend, the unemployment rate has remained stable since the middle of last year. It stood at 4% in January and remained at a relatively low level. Nominal wage growth has eased over the past year, and the gap between job openings and workers has narrowed. Overall, a series of broad-based indicators suggest that the labor market conditions are generally in balance. The labor market is not a significant contributor to inflationary pressure.#USGovernment
#CryptoPatience
š·On February 11th, #Federal Reserve Chairman #Powell indicated that recent indicators give the indication that economic activity is continuously expanding at a stable pace. Driven by the tenacity in consumer spending, the GDP in 2024 witnessed a growth of 2.5%.
š·The investment in equipment and intellectual property appeared to have weakened in the fourth quarter, yet the overall performance for the year remained strong. After a soft period in the middle of last year, the activity in the real estate sector seems to have become stable.
š·On the labor market front, the situation remains firm and seems to have reached a plateau. Over the past four months, there has been an average monthly increase of 189,000 jobs. Following an earlier upward trend, the unemployment rate has remained stable since the middle of last year. It stood at 4% in January and remained at a relatively low level. Nominal wage growth has eased over the past year, and the gap between job openings and workers has narrowed. Overall, a series of broad-based indicators suggest that the labor market conditions are generally in balance. The labor market is not a significant contributor to inflationary pressure.#USGovernment
#CryptoPatience
š The size of the Federal Reserve's balance sheet has fallen below $7 trillion, and it has shrunk by $1.5 trillion this year
š¶āš«ļøAccording to data from the Federal Reserve's official website, as of November 5, the size of the Federal Reserve's balance sheet fell below $7 trillion, currently standing at $6.994 trillion.
š¶āš«ļø The balance sheet has contracted by approximately $1.505 trillion so far this year.
#news #federal
š¶āš«ļøAccording to data from the Federal Reserve's official website, as of November 5, the size of the Federal Reserve's balance sheet fell below $7 trillion, currently standing at $6.994 trillion.
š¶āš«ļø The balance sheet has contracted by approximately $1.505 trillion so far this year.
#news #federal