President of the Federal Reserve (Fed, the North American central bank) in Atlanta, Raphael Bostic stated that unemployment remains historically low in the United States, while growth in job creation is slowing down. The statements were made this Monday, 5th, in the opening speech of an institutional event on the job market.
In the pre-recorded message, Bostic stated that labor supply and demand are more aligned and rising wages are returning to more “normal” patterns.
The leader did not talk about prospects for the trajectory of US interest rates.
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