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5.50964187328889E-05 -0.000881542699724499 -0.000385674931129439 -0.00330578512396691 -0.00622589531680438 -0.0134159779614325 -0.0153719008264462 -0.0135537190082645
Stock impact report

Fed needs to 'proceed slowly,' vice chair cautions [Yahoo! Finance]

PNC Financial Services Group, Inc. (The) (PNC) 
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am Check Earnings Report
Company Research Source: Yahoo! Finance
Yahoo Finance Senior Fed Reporter Jennifer Schonberger and PNC Financial Services Group chief economist Gus Faucher discuss Jefferson's comments. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts Video Transcript Speaker A the week kicking off uh with Fed Vice Chair Philip Jefferson, who said that over the past couple of months, the balance of risks have shifted more towards the labor market. He sees greater downside risks to the job market compared to upside risks to inflation. That he says the Fed needs to move more slowly. He indicated in a speech this morning in Kansas City that the Fed is much closer to neutral and that, quote, the evolving balance of risks underscores the need to proceed slowly as we approach the neutral rate. And something that stuck out to me in his speech that was quite nuanced was when he was talking about both sides of the risks to the dual mandate, he noted that upside risks to inflation have li Show less Read more
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