U.S. Highlights The Federal Reserve hiked the fed funds rate 25 basis-points, a step down from six consecutive hikes of 50 or 75 bps. Non-farm payrolls accelerated in January for the first time in five Read more…
The Detroit giant may not have to lower the price of the Cadillac Lyriq, which now is eligible for the new federal tax credit of $7,500. General Motors can smile. The Detroit giant’s lobbying efforts Read more…
Summary United States: Jobs Day Fireworks to Start 2023 During January, payrolls jumped by 517K, the unemployment rate fell to 3.4% and average hourly earnings rose by 0.3%. The FOMC raised the fed funds target Read more…
The record squeeze on Canadian labour markets is unlikely to have loosened much in January. We look for a small increase in employment (roughly 5000 workers) to add to the 176,000 surge in positions that Read more…
US Now that Wall Street has had enough time to process the dovish FOMC decision and another robust nonfarm payroll report, the focus shifts predominantly to Fed speak and economic data that should support the Read more…
With inflation in Australia shooting to a 33-year high in Q4, most market participants are convinced that the RBA will continue raising interest rates. The Bank meets on Tuesday at 03:30 GMT, with investors eager Read more…
After the past week’s central bank bonanza, things will quieten down in the coming days, although not completely, as the Reserve Bank of Australia will keep the rate hike theme running. On the data front, Read more…
The US Federal Reserve, the European Central Bank and the Bank of England all announced rate hikes this week as expected, but they also sent what markets interpreted to be signals of lower levels of Read more…
Gold broke the support level 1900.00 Likely to fall to support level 1850.00 Gold recently broke the support level 1900.00 (which stopped the previous waves (4) and 2) intersecting with the support trendline of the Read more…
Non-farm payrolls jumped 517,000 last month, and the unemployment rate fell to a 53-year low. The strong January jobs report likely won’t alter the Federal Reserve’s policy plans much. But it may lead investors to Read more…