BlockBeats News, March 6th, the U.S. Bureau of Labor Statistics on Friday released non-farm payroll data, which showed a decrease in U.S. jobs in February. The data for the month was significantly impacted by the severe cold weather and a strike at a large healthcare institution.
Fed’s Daly said in an interview with CNBC: “I think this just suggests that perhaps our expectations for a steady labor market were overly optimistic. We also face the situation where the inflation rate is above target and the issue of rising oil prices. How long these situations will last, we do not know, but both of our goals are currently at risk.” Daly added, “I think this report should not be ignored, but it is just a monthly data point that does not need to be overinterpreted.” (FXStreet)
