Tag Archives: labour market

Richmond Fed President and FOMC member Thomas Barkin said on Thursday that he hopes the Fed can restore interest rates back to pre-pandemic levels fairly quickly, reported Reuters. Barkin added that it is timely to normalise rates given strong demand, the tight labour market and high inflation. Barkin said that …

ECB executive board member Isabel Schnabel issued some comments, Thursday, on the central bank’s monetary policy. Schnabel said “It is now becoming increasingly likely that, in the medium term, inflation will approach our 2% target from above, not below”. Additional QuotesReversing the current exceptional measures has the potential to mitigate …

San Francisco Fed chair and FOMC member Mary Daly on Wednesday said that it is now time to move away from the Fed’s extraordinary support for the US economy. Daly has added that interest rates will be moving up this year to a level more consistent with where the economy …

Congress instructs the Federal Reserve to aim for maximum employment and price stability. The Fed has defined price stability as inflation averaging 2%, but maximum employment cannot be explained in such a simple manner.In its monetary policy strategy statement, FOMC has pointed out that he maximum level of employment is …

With major events ahead of the markets, the focus would shift to global markets and earnings for cues. On the macro front, traders are digesting Monday’s IIP data, both CPI Inflation and WPI inflation are also being analyzed along with the latest earnings reports. After the reaction to US’s hot …

The immigration system has helped shape Canada into the country it is today – one that is prosperous, diverse, and welcoming to those in need. Newcomers enrich and better local communities, and they work every day to create jobs, care for our loved ones, and support local businesses.Throughout the pandemic, …

The GBP/USD has fallen onto the back foot in recent trade and is pressuring back below 1.3515 following a significant correction to 1.3535 as of the early New York session from the 1.3490 territory as traders digest the importance of last week’s main events in the central bank meetings as …

The latest batch of Canadian employment data will hit the markets on Friday. So far, it looks that the Omicron wave hit the labour market in January, with forecasts pointing to a drop of jobs. This is probably a temporary setback. The loonie has been driven mostly by risk sentiment …

At 0.6661, the bulls are in charge and the bird of 0.5% higher on Thursday’s business in the remaining hour of the US trading session. The price has climbed from a low of 0.6609 to score a high of 0.6681 so far as traders await the outcome of Friday’s US …

GBP/USD bulls take a breather around a fortnight high surrounding 1.3600, during the sixth positive day amid Friday’s Asian session. Earlier, on Thursday, at 1.3605, GBP/USD off its highs of the day by is still positive by some 0.23% following the Bank of England that raised interest rates to 0.5% …