The employment report released on Friday indicated a gain in payrolls of 390K, above the 325K of market consensus. According to analysts at Wells Fargo, the report “lands in a sweet spot for the Fed”. Analysts point out that while the labour market remains clearly tight and is adding to …
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On Monday, BoE’s Deputy Governor Jon Cunliffe said that the Ukraine invasion will intensify the prolong the surge in inflation and tighten the squeeze on household incomes. A drop in demand through household consumption and business investment will, to an extent that is not yet clear, be greater than be …
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US Fed Chair Jerome Powell, in his post-FOMC meeting press conference on Wednesday, said that the committee made excellent progress on their balance sheet reduction plan which could be finalized at the next meeting. Key Remarks:“By end of this year, policymakers are broadly at, or above, their estimates of the …
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