Philadelphia Federal Reserve President Anna Paulson said the Fed may need to raise interest rates further to combat persistent inflation, which remains around 2.5%-3%, well above the 2% target. She indicated that modest additional rate tightening may be warranted if economic conditions evolve as expected, while economic output remains solid and the labor market is holding steady.
Philadelphia Federal Reserve president Anna Paulson said Thursday that further interest rate hikes may be needed to combat stubbornly elevated underlying inflation, despite earlier favoring a pause. Other Fed officials including New York Fed president John Williams and Fed governor Michael Barr have similarly indicated additional rate increases could be warranted, with markets now pricing in over 60% odds of a second hike in October.
Analysis of 576,585 job postings on company career sites finds 28% have been open over 90 days, with a median age of 36 days. Hospitality roles stay listed longest (44% over 90 days), while healthcare turns over fastest. Posting longevity varies significantly by applicant tracking system, with Lever at 48% stale postings versus Workday at 17%.