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ECB policymakers overwhelmingly favour June for a first interest rate cut; some policymakers floated the idea of a second cut in July
ECB POLICYMAKERS OVERWHELMINGLY FAVOUR JUNE FOR A FIRST INTEREST RATE CUT - RTRS
— zerohedge (@zerohedge) March 8, 2024
SOME POLICYMAKERS FLOATED THE IDEA ON THE SIDELINES OF THURSDAY'S ECB MEETING OF A SECOND CUT IN JULY, TO WIN OVER A SMALL GROUP STILL PUSHING FOR AN APRIL START - RTRS
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With the launch of regulated spot bitcoin Exchange-Traded Funds (ETFs) in the US, cryptocurrencies have made another step toward full institutionalisation. With regulated ...
Total nonfarm payroll employment rose by 275,000 in February, and the unemployment rate increased to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in government, in food services and drinking places, in social assistance, and in transportation and warehousing. This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry. For more information about the concepts and statistical methodology used in these two surveys, see the Technical Note.Economy beat expectations with 275,000 jobs in February The economy again beat expectations in February and added 275,000 jobs, the Bureau of Labor Statistics, reported Friday, a sign the labor market is retaining momentum early in the year. The unemployment rate rose to 3.9%. Notably, the unemployment rate remains low by historical standards. The job growth is boost for the White House, which has been working to credit President Joe Biden for the strong job creation over the past year, characterizing the underlying strength of the labor market and broader economy as “Bidenomics” in action. Job gains have been much larger than expected to end 2023 and begin 2024, given the headwinds imposed by the Fed’s aggressive tightening cycle in response to the inflation that has roiled households over the past few years. Since the central bank began hiking in March 2022, annual inflation, as tracked by the consumer price index, has fallen from a peak of about 9% in June 2022 to just 3.1% in January. post: Fed Swaps Fully Price in Quarter-Point Rate Cut in June
Canada’s employment data for February will be reported by Statistics Canada on Friday, March 8 at 13:30 GMT and as we get closer to the release time, here are forecasts from ...
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post: US Treasury Yellen: We’re Seeing Very Strong Jobs Growth -MSNBC Interview post: Yellen: No Evidence of Inflationary Pressure Coming From the Labor Mkt -MSNBC post: US TREASURY SECRETARY YELLEN: THE US ECONOMY PERFORMING BETTER THAN ANY OTHER ECONOMY AROUND THE WORLD, POWERING THE LOBAL ECONOMY AS WELL - MSNBC. post: *YELLEN: INCREASED LABOR SUPPLY ADDING TO US GROWTH
A staggering $12 million in cryptocurrency was scammed away from Surrey residents last year. In 2023, Surrey RCMP received more than 220 reports of fraud involving cryptocurrency, ...
The Bitcoin price on Friday extended gains to trade at about $67,668 following the latest round of data. The BTC/USD continues to trade within an ascending channel formation in ...
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- Posted: Mar 8, 2024 9:41am
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 3,141
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