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...Unemployment has remained close to historical lows at just 3.7 per cent, despite a sharp fall in inflation over the past year....
...A sharp slowdown in price pressures during the second half of 2023 led rate-setters to shift away from rate rises and towards considering cuts....
...So far, there has been “discernible progress” on inflation without a sharp jump in the unemployment rate, which still hovers below 4 per cent....
...Elsewhere, Cleveland Fed president Loretta Mester is scheduled to make a television appearance....
...Loretta Mester: Well, the inflation forecasts were off....
...to the palpable relief of investors and corporate America, which had feared a repeat of the showdown in 2011 when the brush with default resulted in a downgrade of the US’s triple A credit rating and a sharp...
...Retail sales data released this week also showed a sharp jump for January, another sign the US economy was still strong despite the Fed’s year-long attempt to curb growth and bring down inflation through...
...KPMG is first Big Four firm to cut staff in US KPMG is cutting close to 2 per cent of its staff in the US after a sharp slowdown in its consulting business, becoming the first of the Big Four accountancy...
...The shift in expectations — which was accompanied by a sharp rally in the S&P 500 — was propelled by fresh evidence that inflationary pressures are beginning to level off in some sectors....
...The smaller than expected Republican majority in the House exposes sharp divisions in the party’s ranks and casts doubt on whether Kevin McCarthy will become Speaker....
...In fact, the move in mortgage rates has been so sharp that it has also made homeowners more hesitant to move or tap into home equity....
...More broadly, Powell and other policymakers have surmised the Fed will be able to tame price pressures without causing a sharp recession, especially given the strength of the labour market and the sheer...
...Fed warns sharp rise in interest rates poses risk to US economy A sharp increase in interest rates would pose a risk to the US economy, the Federal Reserve said yesterday in its latest financial stability...
...Loretta Mester, president of the Cleveland Fed, told the Financial Times on Thursday that it could worsen worker shortages, which have stymied a labour market recovery....
...A sharp drop in the US unemployment rate has set the stage for the Federal Reserve to accelerate the scaling back of its stimulus programme this month, economists said, giving it greater flexibility to raise...
...The “establishment” survey suggested a sharp slowdown in hiring, while the “household” survey showed a gain of 1.1m....
...Good evening, New data today showed US companies added just 210,000 jobs in November, a sharp slowdown from the previous month and the lowest monthly total in nearly a year....
...Mr Clarida’s comments came amid a sharp sell-off across global markets and a rush into haven assets....
...Mr Comey’s stance puts him at odds with Loretta Lynch, the attorney-general and his nominal superior, who urged him on Thursday to abide by DoJ policy and not inform Congress that he had ordered an additional...
...A notable feature in the resources sector was a sharp fall for Chinese iron ore prices as Beijing’s attempt to rein in the property market hit sentiment....
...Cleveland Fed president Loretta Mester and Boston Fed president Eric Rosengren are both slated to speak next week....
...Energy stocks were significant gainers on both sides of the Atlantic as oil prices recovered some of this week’s sharp declines....
...Cleveland Fed president Loretta Mester and Boston Fed president Eric Rosengren are both expected to speak....
...We can now count Rosengren as a likely dissenter, alongside Esther George and Loretta Mester, should the FOMC decide to stand pat on 21 September,” said Ray Attrill at National Australia Bank....
...Loretta Mester, president of the Cleveland Fed, said on Wednesday that the US economy had shown “considerable resiliency” and that she believed there should be gradual increases in rates in the course of...
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