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Fed's Barkin: Sticky inflation, better jobs data could shift the risk outlook for the Fed - BBG TV
Barkin notes high inflation, strong jobs may alter Fed's risk outlookU.S. conflict with Iran impacts oil prices, complicates Fed's decisionsFebruary jobs data crucial for Fed's future rate cut decisions WASHINGTON, March 5 (Reuters) - Richmond Fed president Tom Barkin said still high ...Reuters
Thu, Mar 5
Higher capital goods prices lift US imported inflation in January
WASHINGTON, March 5 (Reuters) - U.S. import prices increased in January as a decline in the cost of energy products was more than offset by a surge in capital goods prices, government data showed on Thursday. Import prices rose 0.2% last month after an upwardly revised 0.2% gain in December, the Lab...Reuters
Thu, Mar 5
US productivity slows in fourth quarter
WASHINGTON, March 5 (Reuters) - U.S. worker productivity slowed in the fourth quarter, but the trend remained solid, keeping growth in labor costs in check. Nonfarm productivity, which measures hourly output per worker, increased at a 2.8% annualized rate last quarter after rising at an upwardly rev...Reuters
Thu, Mar 5
Fed’s Barkin: The Fed will go meeting by meeting
Tom Barkin, President of the Federal Reserve (Fed) Bank of Richmond, said that the Fed will go meeting by meeting, if gas prices rise, that is inflationary and the Fed will have to decide how long that lasts in an interview for Bloomberg TV on Thursday.Fxstreet
Thu, Mar 5
Fed's Barkin: Sticky inflation, better jobs data could shift the risk outlook for the Fed - BBG TV
WASHINGTON, March 5 (Reuters) - Richmond Fed president Tom Barkin said still high inflation and stronger recent jobs numbers may shift the Fed's risk outlook at a time when the U.S. conflict with Iran could further push up key consumer prices.Fed rate cuts last year were based on "the sense ...Reuters
Thu, Mar 5
US weekly jobless claims unchanged; layoffs decline 55% in February
WASHINGTON, March 5 (Reuters) - The number of Americans filing new applications for unemployment benefits was unchanged last week while layoffs dropped sharply in February, consistent with stable labor market conditions.Initial claims for state unemployment benefits were flat at a seasonally adjuste...Reuters
Thu, Mar 5
US Challenger Report: Job cuts tumble but hiring plans weaken sharply
US-based employers announced 48.307K job cuts in February, according to data released Thursday by Challenger, Gray & Christmas. The figure represents a 55% decline from the 108.435K layoffs announced in January and a 72% drop compared with the 172.017K job cuts recorded in the same month last year.Fxstreet
Thu, Mar 5
EBRD head urges Turkey to carry on inflation fight, eyes power project
ISTANBUL, March 5 (Reuters) - The head of the European Bank for Reconstruction and Development told Reuters on Thursday that Turkey must "stay on course" in its inflation fight, and she applauded steps taken by the central bank this week to address market fallout from war in the Middle East....Reuters
Thu, Mar 5
TRY: CBRT seen pausing as conflict risks build – Standard Chartered
Standard Chartered economist Talha Nadeem argues that the Middle East conflict increases risks to Türkiye’s inflation and external outlook, prompting a more cautious Central Bank of the Republic of Türkiye (CBRT) stance.
Fxstreet
Thu, Mar 5
