- The U.S. Federal Reserve should consider more 75 basis-point interest rate hikes at coming meetings in order to bring high inflation back down to the central bank's goal, Fed Governor Michelle Bowman said on Saturday.
The U.S. Federal Reserve should consider more 75 basis-point interest rate hikes at coming meetings in order to bring high inflation back down to the central bank's goal, Fed Governor Michelle Bowman said on Saturday.
Copper output in Peru, the world's second-largest producer of the red metal, rose 8.6% in June from a year earlier, government data showed on Friday, as operations at the giant Las Bambas mine resumed after a truce granted by indigenous communities protesting at the site. Copper production in June totaled 198,467 tonnes.
The dollar rallied across the board on Friday, notching its biggest daily
percentage gain since mid-June against the yen, after a stronger-than-expected U.S. payrolls report
suggested the Federal ...
The U.S. Treasury Yield Curve remained inverted as the employment situation report for July was reported, announcing 528,000 jobs added to the economy. Although unemployment is back to pre-pandemic lows of 3.5%, an inverted yield curve is a leading indicator that the economy is heading for a recession.
The Baltic Exchange's main sea freight index dipped to a near six-month trough on Friday and registered its worst week in more than two months, hit by weakness across vessel segments.
- The U.S. Federal Reserve faces renewed pressure to deliver another 75 basis point interest rate hike at its upcoming meeting in September as fresh data showed job gains unexpectedly accelerating and overall employment at a record high despite soaring inflation and rising borrowing costs.
The dollar rallied across the board on Friday after a stronger-than-expected
U.S. July payrolls report suggested the Federal Reserve may need to continue raising interest rates for the
near term.
Canadian economic activity contracted in July for the first time this year as employment growth slowed and prices cooled, Ivey Purchasing Managers Index data showed on Friday. The seasonally adjusted index fell to 49.6 from 62.2 in June, the first time since December 2021 that the index was below the 50 threshold that marks a decrease in activity.
Canadian economic activity contracted in July for the first time this year as employment growth slowed and prices cooled, Ivey Purchasing Managers Index data showed on Friday. The seasonally adjusted index fell to 49.6 from 62.2 in June, the first time since December 2021 that the index was below the 50 threshold that marks a decrease in activity.
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