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Top News In சிகாகோ ஊட்டி ப்ரெஸிடெஂட் சார்லஸ் எவன்ஸ் Today - Breaking & Trending Today

Fed's Evans Says Employment and Inflation Need to Pick Up Before Policy Changes


Speaking after Friday s hugely disappointing jobs report, the central bank official said he still thinks the employment picture is strong, though significant areas of weakness remain.
It s a little more complicated. We re restarting the economy. A lot of sectors are experiencing growth pains, Evans said on CNBC s Squawk Box. Hopefully, it s just a one-month kind of thing and we re going to get better employment. I certainly think so.
Nonfarm payrolls increased by just 266,000 in April, well below the 1 million estimate. That left total employment more than 7.5 million below February 2020, the month before the Covid-19 pandemic declaration.
Evans noted that the job market continues to receive strong policy support through the trillions spent in Congress and the Fed s own policies. ....

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Nasdaq futures lower; gas adds to commodities boom


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Tech sends stocks down with inflation angst rising


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The options market may be fueling the turbulence in tech shares
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Tech sends stocks down with inflation angst rising ....

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