Hammack of the Fed: Near-term rate hike may be appropriate

Odaily Planet Daily News Hammack of the Fed said that as the labor market appears to be reaching a balance, a near-term rate hike may be appropriate. Hammack stated that while she never focuses too much on any single data point, today's employment report once again confirms that the labor market appears to be roughly in balance. She noted that the unemployment rate remains at 4.3%, "which is essentially consistent with what I define as full employment." "Given the uncertainty surrounding the economic outlook, it is reasonable to keep interest rates stable for now. However, if recent trends continue, action may soon be required." This essentially reiterates the remarks she made on June 2. (Jin Shi)