Hints and tips:
...Fed officials, including chair Jay Powell, acknowledge a greater supply of workers from 2022 onwards, both from immigration and more labour force participation, has helped contain wage growth....
...[MUSIC PLAYING] Thanks to Kevin Ellis, Phillip Ross, Jeremy Myerson and Rana Foroohar. This episode of Working It was produced by Mischa Frankl-Duval and mixed by Simon Panayi....
...The former president would not be drawn on who he might tap as a successor to Powell, but possible candidates include Kevin Warsh, a former Fed governor, and Judy Shelton....
...Kevin Ellis, the UK head of PwC, tells guest host Andrew Hill why he encourages younger workers to come to work....
...But that argument relies on the dubious Phillips curve that says to get inflation down, unemployment must rise....
...Investors will closely watch Jay Powell’s press conference shortly thereafter, with the Fed chair under intense pressure to set out the central bank’s timeline for probable rate cuts next year....
...It is nice to know that Fed chair Jay Powell agrees....
...A week after Phillip Schofield, one of the broadcaster’s biggest stars, resigned from the network — admitting he had “lied” to ITV bosses, his agents and the media about what he described as an “unwise,...
...Meanwhile, Biden has been dominating the Democratic primary contests across all states that have held votes so far, overcoming challenges from Dean Phillips and Marianne Williamson that never gained traction...
...On the equity side, small-cap stocks continue to be the story: while the S&P 500 has shrugged, the Russell 2000 is up 6 per cent since Jay Powell started talking....
...Gallery founder Jay Jopling says he is “proud to extend our programme to Seoul”, 30 years after he opened the leading London gallery....
...In an interview last September with NBC News, he said interest rates were “too high”, but when asked whether he would direct Fed chair Jay Powell to lower them, he said “it depends”....
...These arguments are rooted in the concept of the Phillips curve, which maintains that unemployment and inflation have an inverse relationship....
...As part of the changes, Dorothee Blessing and Jay Horine will become global co-heads of investment banking coverage, Kevin Foley will become global head of capital markets and Anu Aiyengar will be global...
...US House Speaker Kevin McCarthy accused President Joe Biden of not being “sensible” during a speech at the New York Stock Exchange on Monday, where he sought to gain the upper hand in negotiations with the...
...Clarke is Kevin Clarke, 31, a PredictIt trader and former competitive debater and debate coach....
...“The actors got a phenomenal deal with great protections from AI,” said Kevin Walsh, founder and chief executive of The Walsh Company, a production business with a multiyear deal at Apple TV+....
...This is in line with the ECB’s forecasts and an important speech last week from Phillip Lane, chief economist....
...Nearly 80 per cent of new vehicles sold are SUVs or trucks,” said Kevin Book, head of research at Washington consultancy ClearView Energy Partners....
...The House of Representatives has narrowly approved a Republican plan to raise the debt ceiling in a legislative victory for Speaker of the House Kevin McCarthy that will do little to break the stalemate...
...The key elements are in the chart below. 4: Taking the Phillips curve too literally I am going to pick on some members of the ECB’s governing council for the fourth category of crime....
...MPs on the House of Commons’ culture, media and sport committee on Wednesday published correspondence following a hearing in which they questioned ITV boss Carolyn McCall about her handling of presenter Phillip...
...And it all points to what Liz Ann Sonders and Kevin Gordon at the brokerage describe as “waning enthusiasm”....
...Nor will Jay Powell, chair of the Federal Reserve, or his counterparts in Europe and the UK....
...“The past two years have been a humbling experience for strategists and investors,” said Kevin Gordon, a senior investment strategist at Charles Schwab in New York....
International Edition