Job growth in the US slowed significantly in July. Nonfarm payrolls increased by just 114,000, well below expectations. The unemployment rate has risen to 4.3%, the highest since October 2021. The...
An important inflation gauge for the Federal Reserve showed a slight easing in June. The personal consumption expenditures (PCE) price index rose 0.1% for the month and 2.5% year-over-year, matching...
The dollar remained steady and was set to break a two-week losing streak on Friday, driven by US labour and manufacturing data. Jobless claims rose more than expected last week, but the labour market...
The producer price index (PPI) rose by 0.2% in June, exceeding expectations of a 0.1% increase. The increase was driven by higher service prices, which offset a decline in goods prices. Despite this...
The US economy added 206,000 jobs in June, surpassing the 200,000 forecast but less than May's revised gain of 218,000. The unemployment rate unexpectedly rose to 4.1%, the highest since October...
The US dollar eased slightly on Friday after data showed inflation subsided, reinforcing expectations that the Federal Reserve will cut interest rates this year. The personal consumption expenditures...
GOLD
Gold prices dropped over 1% to $2,320.00 per ounce on Friday due to a stronger dollar and higher bond yields following strong US business activity data. The dollar reached its highest level over...
Treasury Secretary Janet Yellen stated that the national debt of $34.7 trillion is manageable if it remains stable relative to the economy. However, high interest rates are increasing the debt...
US
May's robust job growth and wage increases suggest the Federal Reserve might maintain current interest rates through the summer and beyond. The Bureau of Labour Statistics reported a significant...
DOW JONES (U30USD)
The Dow Jones Industrial Average had its best session of the year on Friday, capping off a strong month. This rise followed the release of economic data that met expectations,...
