The economic outlook on Tuesday’s U. S. trading session encompassed several readings that significantly impacted the performance of major currencies as well as Wall Street.Market Sentiment Market sentiment pushed the U. S. dollar to hit a one-year high on Tuesday on expectations the U.S. Federal Reserve will announce a tapering …

Another month of slow hiring forced White House officials to admit that the recovery is lagging expectations, and that inflation and worker shortages could continue into 2022.Administration officials are planning to highlight whatever bright spots they can find, such as rising wages and the pace of economic growth, and use …

The U. S. dollar hit a one-year high on Tuesday on expectations the U.S. Federal Reserve will announce a tapering of its massive bond-buying program in November as concerns over soaring energy prices also sent investors to the safe-haven currency.Yields on the U.S. two-year Treasury note jumped to their highest …

The S&P 500 ticked down 0.1% while the tech-heavy Nasdaq traded declined less than 0.1%, Nasdaq also reversed lower in afternoon trading but ended up close to breakeven. Meanwhile, U.S. West Texas intermediate crude oil futures hovered near a seven-year high.The Dow Jones Industrial Average declined slightly in today’s stock …

The U.S. Securities and Exchange Commission (SEC) opened a broad inquiry, Tuesday, into how Wall Street banks keep track of employees’ digital communications according to Reuters.SEC enforcement staff contacted multiple banks to check whether they have been documenting employees’ work-related communications, such as text messages and emails, with a focus …

EUR/USD is sliding during the New York session, downward pressured 0.23%, trading at 1.1526. The single currency is trading near the 2021 year lows.The market sentiment is still under risk-off environment, portrayed by US stock indices falling between 0.15% and 0.34%. Safe-haven currencies like the Japanese yen and the Swiss …

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 …