US non-farm payroll employment rose 372k in June, well above expectation of 250k. That’s in line with the average monthly gain over the prior three months at 383k. Total non-farm employment was still down by 524k, or -0.3%, from pre-pandemic level in February 2020. Unemployment rate was unchanged at 3.6%, matched expectations. Number of unemployed […]
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RBA delivered a widely expected 25 bps rate cut, lowering the cash rate to 3.85%. In its statement, RBA said the risks to inflation had become “more balanced,” with headline inflation now within the target Read more…
At its meeting today, the Board decided to lower the cash rate target by 25 basis points to 3.85 per cent. Inflation continues to moderate. Inflation has fallen substantially since the peak in 2022, as higher interest rates Read more…
China’s central bank lowered its key lending benchmarks for the first time since October, delivering a long-anticipated move to support the economy. PBoC lowered the one-year loan prime rate by 10 bps to 3.0%. The Read more…