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Australia’s labour market delivered a sharp downside surprise in September, with employment swinging from a gain of 39,500 to a loss of 39,300, against expectations for an increase of 20,000. The unemployment rate held at Read more…
San Francisco Federal Reserve President Mary Daly said further interest rate hikes are more likely than not needed to bring inflation under control, but signaled little urgency to act at the October 27–28 meeting. Speaking Read more…
Chicago Fed President Austan Goolsbee expressed growing concern over persistent US inflation but stopped short of endorsing an immediate rate hike, arguing that more evidence is needed to determine whether further tightening is necessary. Speaking Read more…