Markets price in stronger odds of June BoC rate cut following surprisingly weak U.S. jobs report
How traders and economists are reacting to a big employment report miss
Source: theglobeandmail.com
Thomas Feltmate News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Thomas Feltmate. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Thomas Feltmate Today - Breaking & Trending Today
ASX to drop; Wall Street falters after US economy suffers slowdown
The ASX is set to drop as Wall Street took fright after US economic data revealed “the worst of both worlds” - a slowdown in the economy and inflationary pressure.
Source: afr.com
Blowout U.S. jobs report tempers market and economist views on when BoC rate cuts will begin
Unexpectedly strong labour report has shifted market forecasts of Bank of Canada interest rate moves. What economists are saying
Source: theglobeandmail.com
January nonfarm payrolls: Parsing the US jobs data: 'Head-scratching numbers'
The early read is that a March rate cut is “dead”, perhaps May too, after hiring unexpectedly shifted into a higher gear to start 2024.
Source: afr.com
Fed set to double its economic growth forecast after strong US data
One widely-followed, unofficial estimate produced by the Atlanta Fed even has it expanding 5.6% on an annualised basis in the third quarter.
Source: moneyweb.co.za