Australia jobs surge past expectations in June, labor market remains tight
-- Australia’s job market grew more than expected in June, as high vacancies and a strong amount of participation saw the labor market running hot even as unemployment...
-- Australia’s job market grew more than expected in June, as high vacancies and a strong amount of participation saw the labor market running hot even as unemployment...
-- Japan’s exports and imports grew less than expected in June as local economic activity remained subdued, while demand in the country’s biggest export destinations...
The Fed's soft-landing ambition for the U.S. economy just got another boost.
With small-cap stocks on the rise and bets on a September Fed interest rate cut cemented, markets are ready to test a fresh set of all-time highs.
The yield on the benchmark U.S. 10-year Treasury note rose to 4.22% Monday morning. It’s tempting to say that the move is due to rising expectations of a second Donald Trump presidency, but the gain has to be put into context. The 10-year yield was hovering around 4.3% just last Thursday before the more-benign-than-expected consumer price index report raised hopes of a Federal Reserve rate cut as soon as September.
The weekend attack on pro-crypto presidential candidate Trump should galvanize bids for cryptocurrencies, one observer said.
-- China’s economy grew less than expected in the second quarter, gross domestic product data showed on Monday, as weak consumption largely offset a fledgling recovery...
Federal Reserve Chairman Jerome Powell has been in the news a lot lately. Last Tuesday, Powell attended a conference panel with other central bankers in Portugal. During the panel, he said he was pleased with how inflation had resumed a downtrend following the rebound at the start of the year. But also, in his best “Fedspeak,” Powell noted that it was too soon to comment on whether the Fed might be able to lower interest rates by the end of the summer. He proceeded to say, “We’ve made a lot of p
The 10-Year Treasury yield fell for a second week in a row on Friday, prompting some on Wall Street to bet on a potential slip below 4% by the end of the summer as the Federal Reserve closes in on its first rate cut.
Stocks ticked higher to start the day on Friday as traders shrugged off hotter-than-expected wholesale price inflation. The Nasdaq Composite was up 0.1%. The producer price index rose at a 2.6% annual rate compared to expectations at 2.3%.