-
Week Ahead: Strong US Jobs Data Failed to Sustain Dollar Rally, Can the March CPI do Better?
The March US employment data were stronger than expected and lend support to the re-acceleration hypothesis and an extension of US exceptionalism. In Q1 24, nonfarm payrolls rose by an average of 276k. It was the strongest quarter in a year and compares with an average monthly job gain of about 251k in 2023. The unemployment rate slipped as the household survey jumped around 500k after falling in the previous two months. The workweek increased, and the participation rate rose. Reasons to dismiss the employment data are becoming thinner. The economy is still growing faster than what the Fed regards as the long-term ... (full story)
- Comments
- Subscribe
-
- Older Stories
From srikonomics.substack.com|Apr 6, 2024|2 commentsFederal Reserve Chairman Jerome Powell gave yet another speech and contributed to more confusion on the outlook for interest rates. Speaking at Stanford University on Wednesday, ...
From bnnbloomberg.ca|Apr 6, 2024The US Securities and Exchange Commission won a jury verdict in its ground-breaking insider-trading case that seeks to bar employees from using non-public information about their ...
From etftrends.com|Apr 6, 2024In December of last year, the Fed moved from discussing supercore inflation, which is core services inflation excluding housing, to focusing on more mainstream inflation measures ...
-
- Newer Stories
From forex.com|Apr 7, 2024|1 commentThe British Pound held support for a second week with GBP/USD carving the April opening-range just above the 2024 range lows. The stage is set for a breakout in the days ahead ...
From exchangerates.org.uk|Apr 7, 2024|1 commentThe Euro to Dollar exchange rate (EUR/USD) has only fleetingly traded above 1.10 this year while there has been support just below 1.07. Nordea expects that EUR/USD will be ...
From brecorder.com|Apr 7, 2024After a long day of berating the Chinese government about overcapacity in their economy, US Treasury Secretary Janet Yellen joined China’s Vice Premier He Lifeng for a boat cruise ...