Fed’s Bowman: Concerned about labor market fragility

Fed Vice Chair Michelle Bowman expressed concerns about the fragility of the labor market during her speech at the New England Economic Forum in Foxborough, Massachusetts. She highlighted that, given the risks, the Fed should not signal a pause in its rate-cutting campaign. This reflects worries about the implications of an economic slowdown and rising inflation pressures on the labor market. Bowman's remarks advocate for a cautious approach in monetary policy, suggesting potential influences on future interest rate decisions. Investors should monitor these comments closely as indicators of the Fed's actions until the labor market stabilizes, particularly with employment data releases approaching.