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USD/JPY trades to a fresh yearly high (154.45) as US Retail Sales climbs 0.7% in March versus forecasts for a 0.3% rise, and the exchange rate may test the June 1990 high (155.80) ...
The Japanese yen will continue its drop and could slide another 10% to levels not seen since the 1980s because of the Bank of Japan’s reluctance to raise interest rates ...
China’s overall manufacturing overcapacity has peaked as global demand picks up in consumer sectors, the Economist Intelligence Unit said, predicting trade tensions will persist ...
The lowest compensation that job searchers are willing to accept for a new position increased to the highest in data back to 2014, according to the Federal Reserve Bank of New ...
post: Fed’s Daly: Recent Inflation Data Was Not Surprising post: FED'S DALY CAUTIONS AGAINST OVERLY STRONG OR WEAK POLICY RESPONSE post: Fed’s Daly: No Urgency to Cut Rates post: FED'S DALY: MORE HOUSING NEEDED TO SOLVE HOUSING PROBLEM, BRIDLING INFLATION WON'T HELP
The combination of strong US growth and sticky inflation is raising the odds the Federal Reserve hikes rather than cuts interest rates, bringing borrowing costs to as high as 6.5% ...