By Reuters Staff
1 Min Read
FILE PHOTO: Cleveland Federal Reserve President and CEO Loretta Mester gives her keynote address at the 2014 Financial Stability Conference in Washington December 5, 2014. REUTERS/Gary Cameron/File Photo
(Reuters) - Cleveland Federal Reserve Bank President Loretta Mester on Tuesday said she believes lack of access to childcare, school closures, and concerns about health risks are crimping labor supply and are the main causes of slower job gains last month.
“It is true that with the extension of the unemployment benefits people are in a financial position so that they can make those hard choices, about whether they feel comfortable reentering or not,” Mester told Yahoo Finance, but the benefits are themselves are not causing the problem. Still, she said, “we are still adding jobs, and I think the outlook is bright.”
Futures Point To Positive Open For Wall Street
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Economic announcements, especially weekly Jobless Claims, shall be the focus on Thursday. Earnings reports also might get special attention.
Asian shares finished mostly higher, while European shares are trading broadly lower.
Initial signs from the U.S. Futures Index suggest that Wall Street might open positive.
As of 7.50 am ET, the Dow futures were adding 42.00 points, the S&P 500 futures were up 3.50 points and the Nasdaq 100 futures were gaining 20.75 points.
The U.S. major averages finished Wednesday on opposite sides of the unchanged line. The Nasdaq fell 51.08 points or 0.4 percent to 13,582.43, the Dow rose 97.31 points or 0.3 percent to 34,230.34 and the S&P 500 inched up 2.93 points or 0.1 percent to 4,167.59.
Wall Street Aims To Open Positive
WASHINGTON (dpa-AFX) - Early cues from the U.S. Futures Index suggest that Wall Street might open higher on Wednesday. The investor sentiments might be impacted by reaction to the latest economic data, especially private sector employment and service sector activity. Earnings reports also might get special attention.
Activision Blizzard (ATVI), Herbalife (HLF), Lyft (LYFT), Prudential (PRU), T-Mobile (TMUS), and Western Union (WU) are among the companies releasing their quarterly results after the close of today s trading.
As of 8.05 am ET, the Dow futures were adding 89.00 points, the S&P 500 futures were gaining 16.50 points and the Nasdaq 100 futures were progressing 88.00 points.
By Reuters Staff
3 Min Read
(Reuters) -The U.S. economic outlook is brightening, Cleveland Federal Reserve Bank President Loretta Mester said on Monday, adding that the Federal Reserve should stick to its easy monetary policy to help support growth further.
FILE PHOTO: Cleveland Federal Reserve Bank President Loretta Mester poses during an interview on the sidelines of the American Economic Association’s annual meeting in San Diego, California, U.S., January 3, 2020. REUTERS/ Ann Saphir
“I’m thinking that we’ll see a very strong second half of the year, but we are still far from our policy goals,” Mester said in an interview on CNBC, referring to the Fed’s goals of full employment and 2% inflation.
Fed s Mester says need to be deliberately patient on policy reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.