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FX Market Commentary: Larry Shover, 8/10/23
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Things can be true at the same time. 1. The economy can be better than it has been 2. We can continue to have crushing inequality with people who are still struggling tweet I ...
There is mounting evidence that import substitution curtails economic growth in the long term and holds back progress. Import substitution is an economic policy that advocates ...
Thank you very much, Tameshia, for leading that enlightening discussion, and thank you to Rebecca, David, and Johnny for sharing your stories and insights. And, of course, thank you to Fed Communities and my colleagues from throughout the System — including Atlanta Fed President Raphael Bostic, who we heard from earlier — for their partnership in the Worker Voices Project. To be sure, we’re at a watershed moment in our economy. I’m not just talking about the fight against inflation, in which we’re making progress. It is a watershed moment in the labor market as well, especially for those of us who look at data and try to interpret their meaning. But numbers have two inherent problems. First, the numbers we get are always backward looking, a snapshot from an earlier time. Second, the numbers blur the faces and voices of those they seek to capture; they can only tell us so much. This is where discussions like this and, more specifically, efforts like the Worker Voices Project are so essential. For our economy at this moment, it is important for those of us who hold a responsibility for promoting full employment and fostering economic opportunity to know, in real time, why workers are making the decisions they are, especially workers either employed in low-wage positions or who do not have a college degree. And I also would suggest there are important messages that employers would be post: FED'S HARKER: US CENTRAL BANK MAKING PROGRESS IN INFLATION FIGHT.
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The USD/JPY continued to march on towards its June high of 145.00, after the initial dollar selling was bought in that aftermath of the inflation data. Dollar regains poise after ...
New Zealand’s manufacturing sector slipped further into contraction during July, according to the latest BNZ – BusinessNZ Performance of Manufacturing Index (PMI). The seasonally ...
Key facts: Monthly change: Food prices fell 0.5 percent in July 2023. After seasonal adjustment, they fell 1.1 percent. In July 2023 compared with June 2023: • fruit and ...
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- Posted: Aug 10, 2023 5:39pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,429
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