Tag Archives: jobs

Major currencies and other assets are still maneuvering to find their way amidst uncertainties imposed by the worldwide pandemic. The US dollar kept advancing on Tuesday, posting the most advance against the Japanese yen. USD/JPY pair jumped to 116.34, its highest since January 2017, as the dollar surged alongside US …

RBA will publish its December policy meeting minutes on Tuesday. The minutes are expected to offer more detail on the discussion on bonds buying and the timeline for rate hikes.RBA officials argue a rate rise is unlikely until at least 2023, but markets are betting on a move as early …

Olaf Scholz is now new German Chancellor. It is said that he feels extremely enthusiastic about the ideas he suggested years ago. Once, he described an agreement which he suggested saying that “it will really change the world”, so what other changes is Scholz capable for bringing about on the …

As workers continued to search for better opportunities, the higher number of resignations is part of the economic disruption that continues almost two years after the coronavirus pandemic had broken out.About 4.2 million Americans quit their jobs in October as anxiety in the labour market continued to impact the US …

Raphael Bostic, President of the Federal Reserve Bank of Atlanta, said on Thursday that the Fed is open to the possibility that maximum employment might be fewer jobs than before. Additional Comments:“Understanding what maximum employment is in the current environment will take some time.”“My interest rate path is to go …

Jerome Powell is set to serve a second term as chairman of the Federal Reserve. Under Powell, consumers can expect the central bank to maintain its patient stance regarding inflation and interest rates.Biden praised Powell and the Fed for decisive action that cushioned the impact of the Covid-19 pandemic. In …

According to Wall Street Journal, cost pressures are depriving Democrats of the political benefits of the strong U. S. economy. Today, jobs and wages are growing rapidly, the stock market is at records on the back of positive corporate earnings and the public is optimistic about jobs and their financial …

Fed Chair Jerome Powell spoke, Monday, before the “Gender and the Economy Conference”, a symposium hosted by the Division of Consumer and Community Affairs, Board of Governors of the Federal Reserve System, Washington, D.C. (via webcast). Following is the full text of Powell’s speech: Good morning. I am pleased to …

All expectations that signals by BoC and RBA could push the world’s monetary policy actors to accelerate their own timelines for interest rate hikes, ran into a solid wall with the U. S. Federal Reserve and European Central Bank announcing they would not hike interest rates so fast, though Fed …

The Canadian dollar failed to benefit from the strong Canadian labour market released Friday, much like the U. S. dollar and the USD/CAD pair is settling in neutral territory on the day around the 1.2450 mark. The pair has been subject to significant retreat in recent days, together with the …