Analysts consulted by Argentina's central bank expect surging consumer prices to rise slightly this year, the bank said on Friday, which would mark a second straight year of near triple-digit inflation for South America's second-biggest economy.
The Federal Reserve is likely to raise interest rates by another 25 basis points at the March policy meeting following a blockbuster U.S. non-farm payrolls report for January, according to Morgan Stanley's latest research note released on Friday.
The Federal Reserve is likely to raise interest rates by another 25 basis points at the March policy meeting following a blockbuster U.S. non-farm payrolls report for January, according to Morgan Stanley's latest research note released on Friday.
A blowout January employment report and continued record numbers of job openings have left the U.S. Federal Reserve with a growing dilemma of whether to take its cue about future inflation from a labor market that seems to remain on fire or take solace in the fact that, at the same time, wage growth continues to cool.
A blowout January employment report and continued record numbers of job openings have left the U.S. Federal Reserve with a growing dilemma of whether to take its cue about future inflation from a labor market that seems to remain on fire or take solace in the fact that, at the same time, wage growth continues to cool.
Major central bank interest rates moves were off to a tepid start in January with a single hike by Canada but the pace will speed up again in February with policy makers in the U.S., Britain and the euro zone out of the starting blocks already.
President Joe Biden on Friday hailed a jobs report for January that showed 517,000 jobs were created, saying it was a sign that the U.S. economy is strong. In remarks at the White House, Biden said inflation continues to come down and real wages are going up.
U.S. services industry activity rebounded strongly in January, with new orders recovering and prices paid by businesses for materials continuing to rise at a moderate pace, hopeful signs for the economy as it braces for a possible recession this year. The Institute for Supply Management said on Friday its non-manufacturing PMI increased to 55.2 last month.
* U.S. job growth accelerates in January. * Gold prices on track for worst week since October. * U.S. dollar, yields jump after jobs report. By Seher Dareen. Gold prices dropped over 2% on Friday to more than a three-week low after stronger-than-expected U.S. jobs data raised fears that the Federal Reserve could keep hiking interest rates.
Intercontinental Exchange Inc (ICE): * INTERCONTINENTAL EXCHANGE REPORTS JANUARY 2023 STATISTICS. * Intercontinental Exchange Inc (ICE) - TOTAL AVERAGE DAILY VOLUME UP 9% Y/Y IN JAN 2023 Source text for Eikon: Further company coverage:
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