Page 39 - Thomas Barkin News Today

Focus now shifts to the jobless claims report for labor market insights, with market overbought levels prompting a defensive stance.

The US Dollar (USD) is holding on to gains in the US trading session. Initially hopes of a ceasefire breakthrough between Israel and Hamas made the safety-linked US Dollar retreat a touch. After Israel’s Prime Minister Benjamin Netanyahu came

U.S. stock index futures see-sawed in a tight range on Thursday following a strong finish on Wall Street a day earlier ahead of big-ticket earnings reports, while investors also awaited data that...

Rupee Update Today: The rupee ended at 82.9550 against the U.S. dollar, barely changed from its close at 82.9675 in the previous session.

Federal Reserve Bank of Richmond President Thomas Barkin said Thursday the central bank has time to decide what’s next for monetary policy while it waits for further assurance that inflation is... -February 08, 2024 at 12:05 pm EST - MarketScreener

The Canadian Dollar (CAD) has stepped broadly higher against the majority of its major currency peers on Thursday, though the CAD is battling a recovering US Dollar (USD) as the two currencies are on pace to settle the day as the top performers.

Richmond Fed President Thomas Barkin highlighted the strength of the labor market and the encouraging trend of decreasing inflation in a Bloomberg TV interview. The cautious yet optimistic outlook grants Fed a period of watchful waiting before starting interest rate cuts.

The president of the Richmond Fed said changes in the labor market and housing, plus deglobalization, could affect inflation.

The major U.S. index futures are currently pointing to a modestly lower open on Thursday, with stocks likely to give back ground following the strong upward move seen over the course of the previous session.

(Bloomberg) -- Wall Street struggled to gain traction on Thursday, with the bond market digesting another big sale of Treasuries and stocks hovering near records. Bonds fell despite a strong $25 billion auction that reduced jitters about an oversupply. Equities closed little changed after the S&P 500 briefly hit 5,000 for the first time. A sense of caution prevailed as investors positioned for Friday’s consumer-price index revisions thinking about what happened a year ago: The update was signi...