Live: Fed Chair Powell Testifies Before the House Committee on Monetary Policy – 11:00AM, ET 3/8/23
Federal Reserve Chairman Jerome Powell speaks Wednesday morning to the House Financial Services Committee on the semiannual monetary policy report. Source link
The Fed’s Demand Destruction: What It Means for You and Me
If you listen to financial pundits talking about the Federal Reserve and the current state of the markets you might hear this term mentioned: “Demand destruction.” What is it? And what does it mean for you and me? We’ll first discuss the mainstream understanding of the concept and then unpack why it’s more nefarious than […]
US nonfarm payroll 517K vs 185K estimate. Unemployment rate 3.4% vs 3.5% estimate
Nonfarm payroll rises by 517 K A huge beat that may have some seasonality issues, but it is impressive with gains and revisions well above expectations. The average gain in 2022 was 401K Job growth was widespread, led by gains in leisure and hospitality, professional and business services, and health care. Employment also increased in […]
Breaking News – US NFPs Surge to 517k vs 185k Expectations, Unemployment Rate Falls to 3.4%
US Dollar (DXY) Price and Chart Analysis Recommended by Nick Cawley Trading Forex News: The Strategy Most Read: US Dollar (DXY) Latest: The Fed’s Dovish Nudge Sends the US Dollar Tumbling Total nonfarm payroll employment increased by 517k in January, and the unemployment rate fell to 3.4% according to the US Bureau of Labor Statistics. […]
Live: Chair Powell Speaks After Fed Raises Interest Rates a Quarter Point: 02/01/22 – 2:30 ET
Federal Reserve Chair Jerome Powell holds a news conference on Wednesday following the closed two-day Federal Open Market Committee (FOMC) meeting and will discuss interest rate policies. Powell speaks about how The Federal Reserve raised its benchmark interest rate by a quarter percentage point on Wednesday and gave little indication that it is nearing the […]
WSJ reports ”Fed debates whether wages or low unemployment will drive inflation”
The Wall Street Journal has written in the weekend press that ”stubbornly high inflation is finally easing as supply chain disruptions fade and interest rates at 15-year highs put the brakes on demand. Now, Federal Reserve officials have voiced unease that prices could reaccelerate because labour markets are so tight.” ”At issue is what’s the […]
US NFPs +223K, Unemployment Rate Drops to 3.5%
US Dollar (DXY) Price and Chart Analysis US non-farm payrolls beat expectations but wages drop. The US dollar (DXY) is struggling to keep hold of recent gains. Recommended by Nick Cawley Trading Forex News: The Strategy The US dollar is finding it hard to keep earlier gains after the latest US labor report showed that […]
LIVE Video: President Biden Delivers Remarks About His Economic Plan: 01/04/23 – 1:45PM ET
President Biden will speak about his economic plan and its impact on U.S. infrastructure and American communities in Kentucky on Wednesday. Source link