Tag Archives: labour market

US Treasury sec Janet Yellen says it is likely to see inflation stay uncomfortably high this year.Key Comments ”Don’t want to make inflation predictions for H2 2022.”“I think that the labour market will remain strong,” Yellen said in a CNBC interview.“I think it’s appropriate for them to take action, but …

The DXY is oscillating around 98.00 ahead of US inflation and Initial Jobless Claims. The risk-on impulse has brought a sell-off in the dollar index. Investors brace an aggressive tightening policy by the Fed.The US dollar index (DXY) is hovering around 98.00 as investors await the US Consumer Price Index …

Data released on Wednesday showed there were 11.263 million job openings in the United States in January, marking a slight decline from the prior month’s upwardly revised, and record high, number, according to the labour Department.Analysts expected the number to hold steady at December’s previously stated 10.925 million.The phrase ‘little …

A rate hike by the US Fed next week is broadely expected, even despite the recent turmoil across financial markets. According to analysts at Wells Fargo, the chance of a 50 bps interest rate hike “has fallen tremendously given the souring outlook to growth amid higher commodity prices.”Economists believe it …

USD/CAD sharply reversed direction higher on Friday after the release of what traders described as a bumper US labour market report boosted the US dollar and amid a distinctly risk-off market tone weighed on the more risk-sensitive Canadian dollar.The pair started the session below 1.2700, but at one point had …

Employment data released on Friday came in above expectations, but it was mostly ignored by most investors, traders and market participants amid the ongoing Ukraine’s war. War fogs continue as the key market driver.Analysts at Wells Fargo believe that so long as the Russia-Ukraine conflict does not significantly escalate, the …

Federal Reserve Chairman Jerome Powell, in the second day of his semi-annual testimony before the US Congress, said that the rise in energy prices will work its way through to the US economy and there will subsequently be upwards pressure on inflation for a while. Key Quotes:“We could see people …

The most significant driver across financial markets on Wednesday was the testimony by Fed Chair Jerome Powell before Congress. Powell’s testimony will continue on Thursday with hints on determination to adopt QT and decide interest rate hilke in FOMC’s 16 March meeting. Economic DataPrivate employers hired more workers than expected …

On Wednesday, the Fed’s Beige Book for March 2022 was released citing the word “modest” 52 times, “moderate” mentioned 47 times and “Uncertainty” 11 times. Some traders guess a lot of what happens today and tomorrow will depend on the Fed’s Beige book Key QuotesEconomic activity has expanded at a …

This Wednesday at 1500 GMT, the BOC is expected to raise its benchmark interest rate to 0.50% from 0.25% (an all-time low) for the first time since October 2018. There is no press conference following the March meeting. At its January meeting, the central bank left the key rate unchanged …