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Japan April real wages slump for fourth month as inflation bites
Japan April real wages fall 1.8%, marking fourth monthly decline The labour ministry says inflation outpaces wage hikes Analysts fear US tariffs could spoil pay hike momentumMajor companies on average agreed to over 5% pay hikes during talks this springBy Satoshi Sugiyama
Reuters
Thu, Jun 5
Fed's Kashkari: Labour market is showing some signs of slowing down
Federal Reserve Bank of Minneapolis President Neel Kashkari said late Wednesday that the labour market is showing some signs of slowing down. However, the central bank must stay in wait-and-see mode to assess how the economy responds to the uncertainty.Fxstreet
Wed, Jun 4
Musk, hardline US Republicans ramp up attacks on Trump tax and spending bill
CBO sees $2.4 trillion debt impact in House-passed billCosts could rise to $5 trillion including interest if made permanent, CFRB saysElon Musk criticizes bill, supports Republican deficit hawksSenate Republicans divided on House-passed billBy Richard Cowan and David Morgan WASHINGTON, June 4 (Re...Reuters
Wed, Jun 4
US Labor Department reducing CPI collection sample amid hiring freeze
Bureau of Labor Statistics reducing CPI sample collectionEconomists worry staffing shortages affecting CPI data qualityInflation data crucial amid Trump's tariffs, economists say WASHINGTON, June 4 (Reuters) - The U.S. Labor Department's economic statistics arm said on Wednesday it wa...Reuters
Wed, Jun 4
Canada's propane exports soar 9.2% in 2024 as gas output grew
By Amanda StephensonCALGARY, June 4 (Reuters) - Canadian exports of propane and butane grew significantly in 2024 as natural gas production increased in the country, according to new data from the Canada Energy Regulator on Wednesday.The data for 2024 showed Canadian propane exports averaged 218,300...Reuters
Wed, Jun 4
RPT-UK services sector returns to growth in May, PMI survey shows
By David Milliken LONDON, June 4 (Reuters) - Britain's services sector returned to tepid growth last month after fears about U.S. President Donald Trump's tariffs caused the sector to shrink in April for the first time in a year and a half, a survey showed on Wednesday.The S&P Global ...Reuters
Wed, Jun 4
TREASURIES-US yields drop after weak jobs, services data
ADP report shows private payrolls increased by only 37,000 jobsISM services PMI drops to 49.9, indicating contractionMarkets price in 74% chance of Fed rate cut in SeptemberBy Chuck Mikolajczak NEW YORK, June 4 (Reuters) - U.S. Treasury yields fell sharply on Wednesday, after labor market data ca...Reuters
Wed, Jun 4
US Labor Department reducing CPI collection sample
WASHINGTON, June 4 (Reuters) - The Labor Department's Bureau of Labor Statistics (BLS) said on Wednesday it was reducing the Consumer Price Index collection sample in areas across the country due to resource constraints, but this should have "minimal impact" on the overall CPI data.In st...Reuters
Wed, Jun 4
Trump says debt limit should be eliminated
June 4 (Reuters) - U.S. President Donald Trump on Wednesday said the nation's debt ceiling should be eliminated, saying he agreed with Democratic Senator Elizabeth Warren's view on the subject."The Debt Limit should be entirely scrapped to prevent an Economic catastrophe. It is too devas...Reuters
Wed, Jun 4
US inflation data collection hurt by Trump-era hiring freeze, WSJ says
June 4 (Reuters) - Federal government staffing shortages from Trump administration hiring freezes have forced the Labor Department's economic statistics arm to curtail the breadth of its data collection for one of the main measures of U.S. inflation, the Wall Street Journal reported on Wednesday...Reuters
Wed, Jun 4
