U.S. Recession Newsletter
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Markets today: Treasury yields surge as jobs spark rethink on U.S. Fed
07 Jun 2024 23:16 GMT
… slowdown that could hurt Corporate America.
To Bret Kenwell at … sank below US$70,000.
“We still expect the Fed to cut … this strong, the U.S. economy is nowhere near recession territory.”
Swap traders … per cent
Currencies
The Bloomberg Dollar Spot Index rose 0. …
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New administration’s relationship with China should be a top priority
08 Jun 2024 00:36 GMT
… President George Bush for his tepid condemnation of China’s behavior in … by the absence of American leadership. The U.S. needs to rebuild its … years the U.S. has been hit with the Great Recession of 2008 …
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Yuan set to compete with US dollar amid stronger demand for international currency diversification globally
07 Jun 2024 23:47 GMT
A teller counts U.S. dollar bills at a bank … #39;s Hainan Province.Photo:Xinhua
While the US dollar still dominates … US Federal Reserve's policies to deal with its domestic economic recession … expected to compete with the US dollar and develop a substitute …
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Trump Claims U.S. Inflation Is The Worst It’s Ever Been—Here’s Why He’s Wrong
07 Jun 2024 18:59 GMT
… issue of Americans’ discontent over their weakened spending power.
Former U.S. President … even 8% since 1990. The Fed is mandated to set the … majority of Americans falsely believe the U.S. is in a recession, according to …
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U.S. adds 272,000 jobs in May, unemployment rises to 4%
07 Jun 2024 16:20 GMT
… , entertainment and other services.
U.S. airports, for example, reported … . After the brutal pandemic recession, when unemployment rocketed to … he has stressed that the Fed’s policymakers need “greater confidence … in the proportion of Americans who either have a …
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U.S. employers add 272,000 jobs in May, unemployment rate at 4%
07 Jun 2024 13:09 GMT
WASHINGTON — America’s employers added 272,000 jobs in May, accelerating from April and a sign that companies are still confident enough in the economy to keep hiring despite persistently high interest rates.
Unemployment stood at 4% in May and the number …
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U.S. employers added a robust 272,000 jobs in May in a sign of sustained economic health
07 Jun 2024 12:51 GMT
… reflected the durability of America’s consumer-driven economy. With … by the Fed’s preferred measure, still above the Fed’s 2% … eventually turn into a recession?
The U.S. jobs report for May … positive things,” Fiorille said.
Fed officials will be scrutinizing …
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Overheating: U.S. Economy Added 272,000 Jobs In May, Shutting Door On Rate Cuts Early This Summer
07 Jun 2024 12:47 GMT
Employers in the United States added 272,000 workers to their payrolls in May, the Department of Labor said Friday, likely foreclosing the chances for a rate cut from the Federal Reserve early this summer.
The unemployment rate ticked up to four percent …
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Global central banks have begun cutting interest rates. Will the US follow suit?
07 Jun 2024 19:10 GMT
… cuts in years. U.S. investors hope that the Fed will follow suit … markets here at home. American traders were far more focused … front. Bond yields and the dollar fell on the news.
… upside beat quelled recession fears. Friday's nonfarm payroll numbers …
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Why Do Economists Think Jobs Report Could Delay Fed Rate Cuts?
07 Jun 2024 18:29 GMT
… in April.
Read more: U.S. Job Growth Far Exceeds Estimates … outright decline consistent with a recession beginning last fall."
… Financial: "From the Fed's perspective, inflation is still … primary growth engine in the US.
"There was some …