“No one statistic can adequately characterize the labor market, since aggregate numbers do not show the wide range of experiences across people, sectors and places,” Susan Collins said.
Boston Federal Reserve President and CEO Susan M. Collins is expecting interest rates to remain at restrictive levels, hinting that the Fed may have to further increase key rates, depending on economic data to come.
U.S. consumer confidence slipped to its lowest level in 16 months as persistent inflation and rising interest rates have Americans as pessimistic as they’ve been about the future in almost a decade.
