Richmond Fed President Thomas Barkin expressed a cautiously optimistic outlook during remarks today, highlighting economic growth upside while noting inflation risks tied to labor market strength. “How economic policy uncertainty resolves will matter. But, with what we know today, I expect more upside than downside in terms of growth,” he stated. Barkin also flagged that […]
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US initial jobless claims fell -10k to 201k in the week ending January 4, below expectation of 218k. That’s also the slowest number since February 2024. Four-week moving average of initial claims fell -10k to Read more…
US ADP private employment data revealed a slowdown in job creation for December, with 122k jobs added, missing market expectations of 143k, and prior month’s 146k. Breaking down the numbers, goods-producing sectors added 10k jobs, Read more…
Crude oil continues to rise for a third week. On Wednesday, the price of a barrel of Brent crude rose above $77.50, its highest level in almost three months. Better-than-expected economic data from the US Read more…