Federal Reserve Bank of Atlanta President Raphael Bostic said Tuesday that while inflation has surged more than he had expected and runs the risk of being more persistent than desired, he still believes price pressures will ease over time, in other words,  U. S. jobs slowdown should not derail taper …

The U.S. isn’t headed for the kind of “stagflation” that developed in the 1970s, when unemployment and inflation rose in tandem, Federal Reserve Vice Chair Richard Clarida said.“I actually lived through, as a college student, the ‘Great Stagflation’ of the 70s, and I think there are a lot of differences,” …

The number of job openings on the last business day of August declined to 10.4, the U. S. Bureau of Labor Statistics announced in its latest Job Openings and Labor Turnover Summary (JOLTS) on Tuesday. This report doesn’t seem to be having a significant impact on the U. S. dollar’s …

The International Monetary Fund is less optimistic about the global economy for 2021, but still sees reasonable growth over the medium term. The World Economic Outlook, published Tuesday, expects global gross domestic product to grow by 5.9% this year; 0.1 percentage point lower than July estimate. For next year, the …

Stock futures have been shaken as rising energy prices worsened concerns about inflation in addition to the lingering worries on China’s property sector, factors that together weighed on sentiment. Investors are looking to the third-quarter earnings season, which begins this week, for clues on how companies are faring with price …

European stocks fell as investors’ concerns about rising energy prices and events in China are building up. Stock indexes have been dragged lower in choppy trading in recent weeks. Frankfurt’s DAX was 0.3% lower, underperforming other European indexes. Germany’s ZEW survey of economic sentiment weakened for the fifth straight month …

The British pound initially dipped slightly to open up the Asian portion of the trading session on Tuesday, but turned right back around to rally towards the ¥155 level.The British pound has initially pulled back just a bit against the Japanese yen during Asian trading, only to turn around and …

Bitcoin climbed above $57000 on Monday as it continues to dominate institutional capital flows and traders resume push for record highs.The largest cryptocurrency rose for the first time since May extending its two-week rally. It’s up over 30% in October, currently trading at around $57187.Bitcoin’s surge is due to two …

NZD/USD has surrendered the previous session’s gains on Tuesday in the Asian session. The buying pressure in the U. S. dollar keeps NZD/USD unsteady. NZD/USD is trading at 0.6933, down 0.12% for the day, the U. S. Dollar Index (DXY), which measures its performance against its six major rivals, trades …

Companies and businesses, across the U. S. A., encounter staffing shortages. The whole country wonders why these labor deficiencies take place.One reason is that a lot of people have lost jobs Since COVID-19 plagued America, but people also have reset their job related preferences. Changes also impact what people accept …