Non-farm payrolls forecast to increase by 200,000 in November Unemployment rate unchanged at 3.7% Average hourly wage forecast up 0.3%; up 4.6% year-on-year WASHINGTON, Dec 2 (Reuters) – U.S. job growth was likely the weakest in nearly two years in November as growing fears of a recession dampened demand for labor, which could give the …
US job growth likely slowed further in November; labor market still tight Read More »
Inflation showed welcome signs of moderating in October, but remained uncomfortably fast even as a slew of economic data underlined that a return to normal price increases could take time. Prices as measured by the Personal Consumer Expenditure Index, the measure the Federal Reserve is watching most closely, climbed 6% on the year to October, …
The Fed’s favorite inflation gauge slowed in October Read More »
Inflation showed welcome signs of moderating in October, but remained uncomfortably fast even as a slew of economic data underlined that a return to normal price increases could take time. Prices as measured by the Personal Consumption Expenditure Index, the metric the Federal Reserve is watching most closely, rose 6% in the year to October, …
The Fed’s favorite inflation gauge slowed in October Read More »
GLOBAL MARKETS DJIA 33536.70 -211.16 -0.63% Nasdaq 11196.22 -127.11 -1.12% S&P 500 3957.25 -35.68 -0.89% FTSE 100 7385.17 67.13 0.92% Nikkei Stock 27960.90 -2.57 -0.01% Hang Seng 17950.25 330.54 1.88% Kospi 2468.42 -6.23 -0.25% SGX Nifty* 18443.50 66.0 0.36% *Nov contract USD/JPY 140.31-32 +0.31% Range 140.51 139.88 EUR/USD 1.0316-19 -0.11% Range 1.0335 1.0313 CBOT Wheat …
Paul Volcker, former Fed Chairman from 1979 to 1987. Bettmann/Getty Images Inflation eased in October, but prices have been high for more than 20 months now, raising fears of stagflation. This means the economy could be hit by high unemployment, weak growth and persistent inflation – as well as a sharp drop in stocks. Here’s …
Once upon a time, countries protected their domestic industries with tariffs on imports. This gave the country a price advantage over companies operating overseas, but the practice has gone out of fashion somewhat in recent decades. Nowadays, governments are altogether more creative, using fanciful export controls to protect their interests. To this end, the United …
Chinese chips are artificially slowed to avoid US export regulations Read More »
