The U.S. economy added more jobs than expected in March, but significant downward revisions to February’s employment numbers and an uptick in the unemployment rate have heightened uncertainty about the direction of the economy, complicating the Federal Reserve’s path forward on interest rates. According to data released Friday by the …
Read More »ADP Data Explainer: Strong US Job Growth Signals Economic Resilience, Boosts Treasury Prices
In a surprising turn of events, private-sector hiring in the United States surged last month, with companies adding 155,000 jobs—well above the forecasted 120,000. This robust rebound from February’s weather-dampened figures has sparked optimism about the economy’s underlying strength, even amid lingering policy uncertainty and cautious consumer sentiment. The latest …
Read More »U.S. Job Growth Provides Dovish Boost Despite Higher Unemployment
The U.S. economy added 151,000 nonfarm payroll jobs in February, a figure that was lower than the 159,000 forecast but marked an improvement from the revised January total of 125,000, according to data from the Bureau of Labor Statistics released on Friday. The unemployment rate edged up to 4.1%, slightly …
Read More »Strong Jobs and Services Data Lift US Dollar to Fresh Heights
The US Dollar Index (DXY) staged a comeback on Tuesday, erasing earlier losses and trading higher. This resurgence was primarily fueled by a confluence of factors, with the Federal Reserve’s hawkish stance playing a pivotal role. The Fed’s recent shift towards a more restrictive monetary policy has propelled US Treasury …
Read More »US Stocks Mixed In Reaction to Jobs Data, Fed Remarks
On Tuesday, US stocks experienced mixed movements as investors processed fresh jobs data and commentary from Federal Reserve officials on the future of interest rates. The stock market’s response was reflective of the nuanced economic signals received throughout the day.The S&P 500 remained close to its previous levels, showing little …
Read More »Could Strong Jobs Report Stall Fed Rate Cuts?
The upcoming October jobs report is poised to significantly influence the trajectory of the U.S. economy and financial markets. A robust employment figure could potentially delay the Federal Reserve’s plans to ease monetary policy through interest rate cuts. Such a development would ripple through various sectors, with small-cap stocks, particularly …
Read More »How Global Stocks Navigate Market Uncertainty In Stormy September Ahead
As markets take first steps into September 2024, a month historically known for its volatility, investors are bracing for potential challenges. Despite recent record highs, the global equity market faces a confluence of factors that could disrupt its upward trajectory.As we navigate the complexities of the global market, it is …
Read More »Markets Struggle Amid Geopolitical Risks, FOMC Decision Outlook
Global financial markets concluded the first trading day of the new week under the sway of mounting geopolitical tensions in the Middle East, which dampened risk appetite. This led to a decline in several risky assets by the end of Monday’s trading session. However, another factor intervened to balance investor …
Read More »White House Advisor Comments on PCE Data
Interviewed by Bloomberg TV, White House Advisor Jared Bernstein commented on the US economic scene post the key inflation released on Friday. Asked whether Americans are back to soft landing talk? Bernstein said that the consensus among many was that the kind of stall and disinflation in Q1 of this …
Read More »Fed officials comment on inflation ahead of key PCE data
Three monetary policymakers contributed their remarks and statements about the labour market, inflation and interest rate policy in the United States ahead of the PCE data that is expected on Friday.Federal Reserve Bank of Atlanta President Raphael Bostic noted on Thursday during an interview with Fox Business that the Atlanta …
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