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Last Friday, the US economy generated a stronger than expected 263K new jobs in April, helping to drive down the unemployment rate to a 49-year low of 3.6%. The jobless rate slid from 3.8% in March to hit the lowest level since December 1969. Other details of the report showed that the wage infla...
We shouldn't be too dismissive of core inflation drop Some drop in inflation may be due to temporary factors Sees risk inflation expectations are too low Fundamentals for US growth remain good
Low core PCE inflation is 'making me a little bit nervous' I would like to take this opportunity to recenter inflation expectations around 2%, which I think would pay dividends The Dallas Fed trimmed mean is at 2% We're probably at the point where we want to be asses...
The US economy generated a stronger than expected 263K new jobs in April, helping to drive down the unemployment rate to a 49-year low of 3.6%. The jobless rate slid from 3.8% in March to hit the lowest level since December 1969. The average wage paid to American workers rose 6 cents,...
The US Labor Department will release its latest jobs figures in 30 minutes. US Nonfarm Payrolls is expected to see 181K jobs created after rising 196K the previous month. The Unemployment Rate is expected to stay at 3.8%. Average hourly earnings will also be significant and are expected...
All eyes will be on the US Nonfarm Payrolls today. The Labor Department will release its latest jobs figures at 12:30 GMT. Why Is This Important? The Nonfarm Payrolls track the change in the number of people employed by the US in manufacturing, construction an...
Says that BOE sees modest pickup in global growth this year UK domestic tensions still remain, in contrast with the global situation Business are focused on short-term Brexit plans Says housing market is only area where UK consumer demand has been subdued C...
Policymakers vote 9-0 to maintain corporate bond purchase target at 10 billion sterling. Q1 GDP likely boosted by stock-building, underlying growth "slightly stronger" than expected in February. Sees inflation increasingly above target at end of forecast horizon, economy runni...
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