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U S weekly jobless claims increase; mid-Atlantic factory activity near 50-year high

U S weekly jobless claims increase; mid-Atlantic factory activity near 50-year high
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.

Stick or twist? Markets pin hopes on Fed chair Powell

Thu, 4 March 2021 | Written By: Neil Wilson Neil is chief market analyst for Markets.com and also writes for the Investors Chronicle as ‘The Trader’, with the daily market outlook published online each morning. Stick or twist? Markets pin hopes on Fed chair Powell Jay Powell, chairman of the Federal Reserve, speaks today at the WSJ’s Jobs Summit. We know the Fed’s policy on jobs already; what the market cares about is the central bank’s response to volatility in the bond market. This will be the last time we hear from Powell before the blackout period for Fed speakers ahead of the March 16-17

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