Interest Economy

Latest News for: Interest economy

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US labour market undershoots forecasts with 175,000 new jobs

The News International 04 May 2024

However, the figures will probably dampen any discussion that the Fed may be forced to raise interest rates further to stamp out an overheating economy, which will be a relief for the US central bank.

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Mining dynamics

Dawn 04 May 2024

PAKISTAN and the Kingdom of Saudi Arabia stand at a pivotal crossroads, with both countries aiming to build their respective mineral economies. One seeks economic revival, while the other aims to diversify its fossil-based economy.

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Wall Street rallies after hiring shows welcome signs of cooling

Korea Times 04 May 2024

employment data as a sign that inflationary pressures on the economy are easing ... The Fed’s main interest rate has been sitting at its highest level since 2001, and cuts would release some pressure on the economy and financial markets.

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US moving up the escalation ladder

Dawn 04 May 2024

While central banks around the world may choose to opt for short-term rate cuts, the prevailing trend suggests a fundamental shift towards higher interest rates as the global economy enters into the rather dreaded domain of stagflation.

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OECD lifts outlook for global economy

The Manila Times 03 May 2024

The world economy is expected to expand by 3.1 percent this year, up from a previous projection in February of 2.9 percent, according to the Organization for Economic Cooperation and Development.

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US economy adds 175k jobs in April, falling short of expectations

The Hill 03 May 2024

Although he nominated Powell during his first term, Trump publicly accused Powell in 2018 of raising interest rates to hurt the economy and has said he would not reappoint Powell if he wins the White House in November.

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Slowing American jobs market raises hopes of interest rate cut

The Times/The Sunday Times 03 May 2024

The United States added far fewer jobs than anticipated last month, offering the latest sign of a cooldown in the world’s largest economy and raising market expectations that interest rates will be cut.

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Letters to Editor

Business Line 03 May 2024

... tend to reverberate across the globe, not all central banks are likely to delay cutting interest rates as dynamics across major economies may be diverging.

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April jobs report falls short

The Hill 03 May 2024

Business & Economy. Business & Economy ... US economy adds 175K jobs in April. New data shows the economy added 175,000 jobs last month, falling short of economists’ expectations after months of hotter-than-expected jobs reports.

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Stock market today: Wall Street rallies after hiring shows welcome signs of cooling

The Call 03 May 2024

For markets that was a welcome sign that the Federal Reserve’s efforts to fight inflation by slowing the economy with high interest rates might be making some progress ... on the world’s largest economy.

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Employers added 175,000 jobs in April, as labor market growth slows

The Spokesman-Review 03 May 2024

... during the pandemic and major spending bills such as the Inflation Reduction Act and the Chips Act have lifted the economy despite the headwind economic forces unleashed by higher interest rates.

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Wall Street surges as key report shows pullback in hiring

Detroit news 03 May 2024

Stocks are sharply higher on Wall Street Friday following a government report showing job growth rose modestly in April, a sign that persistently high interest rates may be starting to take a bigger toll on the world’s largest economy.

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Dow jumps nearly 500 points after softer-than-expected jobs report fuels hopes of an earlier rate cut

CNN 03 May 2024

The economy added just 175,000 new jobs in April, according to ... That’s because the Federal Reserve is working to slow the economy by hiking interest rates — the only tool it has to fight inflation.

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Stock market today: World shares advance ahead of key US jobs report

The Call 03 May 2024

employment that is expected to show the economy remains strong despite a prolonged bout of high interest rates ... News of fresh moves by Chinese leaders to energize the economy also helped drive buying of technology shares.

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Number of Americans applying for jobless claims remains historically low

Fox31 Denver 03 May 2024

Many economists thought there was a chance the rapid rate hikes could cause a recession, but jobs have remained plentiful and the economy forged on thanks to strong spending by U.S ... economy’s resilience in the face of high interest rates.