TechFlow news: Federal Reserve Governor Cougler said that labor market rebalancing indicates inflation will move toward 2%. If the unemployment rate continues to rise, an earlier rate cut by the Fed would be appropriate, and he reiterated the stance that "rate cuts later in 2024 will be appropriate."
Cougler noted that risks related to inflation and employment are now more balanced, with inflation continuing to decline but still above target. Data released by non-government sectors provide another perspective on the overall economy. He expressed cautious optimism that U.S. inflation will make progress toward the 2% target, adding that the Fed does not want the labor market to cool excessively.
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