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Federal Reserve

US job growth beats expectations in February

US job growth beats expectations in February

  • Nonfarm payrolls surged 379,000 jobs last month after rising 166,000 in January, the Labor Department said on Friday. In December, payrolls fell for the first time in eight months.
  • Federal Reserve Chair Jerome Powell on Thursday offered an optimistic view of the labor market, but cautioned a return to full employment this year was "highly unlikely."
Published 05 Mar, 2021 09:20pm
Raw sugar recovers
Markets

Raw sugar recovers

LONDON: Raw sugar prices on ICE recovered on Thursday after hitting a one-month low as the dollar held strong and...
Published 05 Mar, 2021 05:17am
Euro zone bonds calm down as markets look to Powell
Markets

Euro zone bonds calm down as markets look to Powell

  • Yields are down from their highs this week, but pressure remains. US Treasury yields rose on Wednesday, alongside euro area government bond yields and UK gilts, pushing stock markets and other low-yielding safe assets lower on Thursday.
  • Italian bond yields were last unchanged, pushing up the gap between 10-year Italian and German yields a touch higher to around 104 bps.
Updated 04 Mar, 2021 09:53pm
US money markets bringing forward Fed rate hike bets to end-2022
Markets

US money markets bringing forward Fed rate hike bets to end-2022

  • Eurodollar futures contracts maturing in December 2022, were pricing in roughly 18 basis points worth of rate hikes by the end of next year.
  • Current pricing implies an almost 70% chance of such a move by end-2022, analysts said, up from the 52% chance priced a week ago.
Published 22 Feb, 2021 05:53pm
Brainard: Fed wants maximum employment, growth that is sustainable
World

Brainard: Fed wants maximum employment, growth that is sustainable

  • "We will be very focused on trying to understand how climate related risks but also the potential transition pathways might effect our economic growth over the medium to long term," Brainard said.
  • The focus on investments in a sustainable economy that are pro-growth, that are pro-jobs, those are the kinds of priorities that square very well with our overall framework.
Published 18 Feb, 2021 08:06pm
Futures hit record highs ahead of inflation data, Fed chair speech
Markets

Futures hit record highs ahead of inflation data, Fed chair speech

  • President Joe Biden on Tuesday agreed to a proposal by Democratic lawmakers to limit or phase out stimulus payments to higher-income individuals as part of his administration's $1.9 trillion coronavirus relief bill.
  • Wall Street's main indexes have scaled a series of all-time peaks recently, with investors moving into sectors such as energy.
Published 10 Feb, 2021 06:24pm