BoE’s Bailey: Labor market data backs view of softening labor market
Bank of England (BoE) Governor Andrew Bailey spoke at a fireside chat at the Institute of International Finance Annual Membership Meeting in Washington, DC. In his speech, Bailey claimed that today's labor market data backs his view of a softening labor market.
Key Quotes
Today's labor market data backs my view of a softening labour market.
Here is stretched pricing in equity markets related to AI.
We should not declare that AI market pricing is fundamentally wrong; we need to look for risks.
UK businesses tell me they are delaying investment decisions due to uncertainty.
We are not seeing a lot of impact yet on prices from tariffs.
Source: FXstreet