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For Fed, jobs report shows progress but likely still short of "substantial"

The addition of more than half a million jobs to U.S. payrolls in May nudged the economy further toward the "substantial progress" Federal Reserve officials want to see before changing monetary policy, but likely not far enough to accelerate what's expected to be a cautious and possibly prolonged debate. ....

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Treasury Yields Fall Ahead of February Job Openings Data

The U.S. Bureau of Labor Statistics February survey of job openings and labor turnover in the U.S. is expected out at 10 a.m. ET.
Investors will likely be keeping a close watch on the job openings data, in light of the strong nonfarm payroll report released Friday. The U.S. Labor Department reported that 916,000 jobs were added in March, well above the 675,000 jobs forecast by economists.
Cleveland Federal Reserve President Loretta Mester told CNBC Monday that she welcomed the jump in payrolls in the March report, but said this wasn t enough for the central bank to change its policy. Mester said she was largely unconcerned by the recent run-up in Treasury yields, given the improving economic outlook. ....

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GameStop stock slide accelerates; Yellen promises scrutiny | Money

WASHINGTON, Feb 5 The slide in shares of GameStop Corp and other recent favorites of retail investors deepened on Thursday, while US Treasury Secretary Janet Yellen said she needed to “understand deeply” the trading frenzy that has gripped Wall Street. A swarm of buying by amateur traders. ....

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GameStop, 'Reddit rally' stocks slide more, Yellen vows scrutiny

Shares of GameStop Corp and others favored recently by retail investors fell further on Thursday, while U.S. Treasury Secretary Janet Yellen said she needed to "understand deeply" the trading frenzy that has gripped Wall Street. ....

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"Not unusual" for UK banks to need 6 months for negative rates

LONDON (Reuters) - Bank of England Deputy Governor Ben Broadbent said he thought it was reasonable for the BoE to give banks at least six months to prepare ....

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