Tag Archives: job creation

In an effort to reduce price pressure and depress economic conditions, the Bank of Canada has lowered its benchmark interest rate for the second time in a row. Weakening economic circumstances and lessening pricing pressures led the central bank to decide to cut its policy rate by a quarter of …

Fed Chair Jerome Powell is speaking Tuesday before the Senate Banking Committee as part of his semiannual address to Congress on monetary policy.With the Fed still on hold regarding interest rates, Powell’s remarks are closely monitored for hints about what it will take to start easing. At the Fed’s June …

To minimise disruption to global corporations, Britain’s updated financial market laws will be broadly aligned with US and European Union standards, according to financial services minister Andrew Griffith on Thursday. Britain exited the EU in 2020 and has subsequently suggested the “Edinburgh Reforms” in response to efforts to strengthen the …

While yield curve flattens, US ADP payrolls are expected at 438K in March, NFP at 475K. US yield curve is flattening, tolling the bells and ringing recession alarm amid 50-bps Fed’s rate hike bets next May.Fed Chair Powell believes the labour market is strong enough, recession seems unlikely, but could …

UK pubs, bars and restaurants saw hefty drop in trading over Christmas and New Year, while more Americans filed new jobless claims last week. Trading at hospitality venues slumped by 60% on Christmas Day, 31% on Boxing Day and 27% on New Year’s Eve, compared to 2019’s pre-pandemic levels.The figures, …