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@financialjuiceFed's Powell: Right now, we're still at full employment.
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Fed Chair Powell Reports Maximum Employment, Inflation Above 2% Target, PCE Prices Rose 2.3%, Core PCE Estimated At 2.6%
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Federal Reserve Chair Jerome Powell stated that the labor market is currently at or near maximum employment, with inflation slightly above the 2% target but having decreased significantly. In his remarks, Powell indicated that the Personal Consumption Expenditures (PCE) prices are expected to have risen by 2.3% over the past 12 months through March, while the core PCE is estimated at 2.6%. He also noted that strong imports in the first quarter are likely to exert downward pressure on GDP growth.
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CHItrader
@CHItraders$SPY Powell, In Prepared Remarks, Says 'The labor market is at or near maximum employment. Inflation has come down a great deal but is running a bit above our 2 percent objective.'
First Squawk
@FirstSquawkFED'S POWELL: AT OR NEAR MAXIMUM EMPLOYMENT, INFLATION A BIT ABOVE 2% GOAL, HAS COME DOWN A GREAT DEAL || SAYS STRONG FIRST QUARTER IMPORTS TO WEIGH ON GDP GROWTH
