Core Viewpoint - The current labor market in the U.S. shows no significant hiring or layoffs, with demand and supply contracting at a similar pace, indicating a stable yet cautious economic environment [1] Group 1: Labor Market Dynamics - U.S. companies are neither engaging in large-scale hiring nor layoffs, reflecting a balanced labor market [1] - Labor demand remains robust, particularly among high-income groups, suggesting a divergence in economic activity based on income levels [1] Group 2: Cost Management and Productivity - Companies are planning to pass on tariff costs to consumers, indicating a strategy to manage rising expenses [1] - There are signs of improving productivity, which may help alleviate some cost pressures faced by businesses [1] Group 3: Consumer Behavior - Consumers continue to spend, but with more caution compared to previous years, indicating a shift towards more selective purchasing decisions [1] Group 4: Federal Reserve Data Challenges - The Federal Reserve is facing challenges due to a reduction in available data, complicating its decision-making process [1]

美联储主席鲍威尔：目前劳动力需求和供给正在以大致相同的速度下降。 ...