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Markets grapple with shifting central bank rate cut bets

Big central banks have ended their historic monetary tightening cycle but predictions about who will cut rates next, and how deeply, are diverging fast. Markets, that a month ago expected coordinated easing in June, have been thrown into disarray as Wednesday's hot U.S. inflation pushed forecasts for the first Federal Reserve cut out to September. The European Central Bank has signalled it will soon call time on its battle with inflation, while Australia and Norway have more to worry abou...
United Kingdom United States City Of New Zealand Erik Thedeen Andrew Bailey
Source: yahoo.com

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Chinese firms step up hiring, but tight-fisted on pay

Chinese university graduate Zhang Baichuan travels hundreds of kilometres from one job fair to another in a final push to find a better offer than the unappealing one he received after more than 1,000 applications. He hopes the post-Lunar New Year recruiting season in China, when many companies advertise for new positions, brings more attractive opportunities than the livestream moderator role he was offered recently. While Zhang, 23, was fine with the 5,000 yuan ($695) monthly salary, with th...
South Korea Asia Pacific Marius Zaharia Ellen Zhang Sam Holmes Zhang Chengjin
Source: yahoo.com

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