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Fed's Powell: 4.2% Unemployment Rate Is Not a Bad Number

By: theblockbeats.news|2025/08/14 19:22:03

BlockBeats News, August 15th, Federal Reserve's Bostic stated that a 4.2% unemployment rate is not a bad number. The unemployment rate has been very stable, with slowing job growth matching slowing labor force growth.

The initial employment data is more surprising than the revised data. Businesses have been restraining hiring, so even under cost pressures, there may not be much room for layoffs. Given wage growth and employment, households' underlying momentum still seems strong. (FXStreet)

Inflation Leading Indicator "Goes Through the Roof," Fed Rate Cut Prospects Face Uncertainties

In the past 4 hours, Ethereum liquidations reached $56.9848 million, and Bitcoin liquidations amounted to $19.666 million.