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ECB policymakers overwhelmingly favour June for a first interest rate cut; some policymakers floated the idea of a second cut in July
ECB POLICYMAKERS OVERWHELMINGLY FAVOUR JUNE FOR A FIRST INTEREST RATE CUT - RTRS
— zerohedge (@zerohedge) March 8, 2024
SOME POLICYMAKERS FLOATED THE IDEA ON THE SIDELINES OF THURSDAY'S ECB MEETING OF A SECOND CUT IN JULY, TO WIN OVER A SMALL GROUP STILL PUSHING FOR AN APRIL START - RTRS
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The first fatal attack on a commercial vessel in the Red Sea since Iran-backed Houthi rebels began targeting ships late last year has laid bare the enormous challenge of restoring ...
Canadian industries operated at 78.7% of their production capacity in the fourth quarter, down slightly from 78.8% in the third quarter. The capacity utilization rate in the ...
Total nonfarm payroll employment rose by 275,000 in February, and the unemployment rate increased to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in government, in food services and drinking places, in social assistance, and in transportation and warehousing. This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry. For more information about the concepts and statistical methodology used in these two surveys, see the Technical Note.Economy beat expectations with 275,000 jobs in February The economy again beat expectations in February and added 275,000 jobs, the Bureau of Labor Statistics, reported Friday, a sign the labor market is retaining momentum early in the year. The unemployment rate rose to 3.9%. Notably, the unemployment rate remains low by historical standards. The job growth is boost for the White House, which has been working to credit President Joe Biden for the strong job creation over the past year, characterizing the underlying strength of the labor market and broader economy as “Bidenomics” in action. Job gains have been much larger than expected to end 2023 and begin 2024, given the headwinds imposed by the Fed’s aggressive tightening cycle in response to the inflation that has roiled households over the past few years. Since the central bank began hiking in March 2022, annual inflation, as tracked by the consumer price index, has fallen from a peak of about 9% in June 2022 to just 3.1% in January. post: Fed Swaps Fully Price in Quarter-Point Rate Cut in June
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New Mexico’s State Land Office will withhold lease sales indefinitely on its most promising tracts for oil and natural gas development in the Permian Basin as it seeks approval ...
Asian spot liquefied natural gas (LNG) prices inched up this week as temperatures below seasonal normal levels in China pushed buyers back into the market, especially as prices ...
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- Posted: Mar 8, 2024 9:41am
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 3,128
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