7 February 2024
Minneapolis Fed President Neel Kashkari said that the US central bank is not yet done dealing with inflation although it must be recognized that the 3 month and 6-month inflation trends have leveled off quickly to around the Fed's target of 2%.
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6 February 2024
A spike in US Treasury yields after Federal Reserve Chairman Jerome Powell's remarks further dampened hopes of an imminent interest rate cut. In a Sunday interview with a CBS TV show, Powell said that the resilient US economy could provide more time for Fed officials to seek a more cautious approach to rate cuts.
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5 February 2024
The US economy recorded more public sector job additions than expected in January, with Nonfarm Payrolls in the world's largest economy increasing by 353,000 last month, far more than the 187,000 jobs expected.
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2 February 2024
The weekly Initial Jobless Claims for the week ended January 27 rose to 224,000, higher than expectations of 213,000 and the highest level since mid-November.
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1 February 2024
Federal Reserve Chairman Jerome Powell said that it is unlikely that the Fed will cut interest rates in March, dashing hopes of a faster rate cut that fueled a sell-off in Tech sector stocks.
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