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2025-08-02 10:56:05
[Black Swan Revealed in Data Revisions, Is the Fed Again Pushing for "Moderate Tightening"?] ⑴ Fed official Williams noted that the "real news" in Friday's non-farm payroll report was the unusually large downward revisions to May and June employment figures. ⑵ Despite this, he still believes the labor market remains "solid." ⑶ Williams stated that over the past year, we have seen a "gentle and gradual cooling" trend in the labor market. ⑷ He expects economic growth to slow to around 1% this year. ⑸ Despite the economic slowdown, Williams still emphasized the need for the Fed to "moderately tighten" monetary policy. ⑹ However, he also remained optimistic about the future, predicting a rebound in economic growth in 2026. ⑺ Williams' comments indicate that despite the unexpected employment data revisions, the Fed has not changed its current policy stance. ⑻ Market traders need to closely monitor the real signals behind the data and be wary of potential volatility in the policy path.
