US NFP expected to show slowing growth
Net job creation in the US has been coming down since the middle of last year. Through that time, analysts have consistently underestimated the number of people getting hired each month. Now, the consensus for January is for 185K, lower than the 223K reported in December. Typically, January has weaker jobs performance due to the […]
XAU/USD to extend its rally on slowing inflation – Commerzbank
Gold price climbed to $1,880 at the start of the week, thereby posting an eight-month high. The US inflation data for December will be released on Thursday and could lend further tailwind to the yellow metal, economists at Commerzbank report. Inflation rate to have fallen from 7.1% to 6.5% “US inflation data could lend further […]
US economy is definitely slowing
Atlanta Federal Reserve bank president Raphael Bostic said on Friday that how the economy evolves will shape what the Federal Reserve has to do, as reported by Reuters. Key takeaways “The US economy is definitely slowing.” “Housing and other interest rate sectors have seen significant slowing, business leaders see labor markets easing.” “It’s still not […]