Dollar\'s status as reserve currency to endure - Wells Fargo
- The move by U.S. authorities to confiscate Russian assets could add to recent efforts to diversify from the dollar, but the greenback is still likely to remain the...
- The move by U.S. authorities to confiscate Russian assets could add to recent efforts to diversify from the dollar, but the greenback is still likely to remain the...
According to Odaily, Wall Street Journal reporter Nick Timiraos has suggested that the employment report for June could make the Federal Reserve meeting in July more intriguing. This is due to the possibility of the first real debate on whether to lower interest rates at the next meeting in September. This would be the first such discussion this year. The employment report's impact on the Federal Reserve's decisions could lead to significant changes in the economic landscape.
Sector Update: Financial Stocks Slipping Friday Afternoon
Annual wage gains last month were the slowest in three years, adding to recent data showing cooling inflation pressures.
According to BlockBeats, the U.S. unemployment rate rose to 4.1% in June, marking the highest level since November 2021. This increase comes despite stronger-than-expected nonfarm payroll data, which showed a gain of 206,000 jobs in June.Economic ImplicationsThe rise in the unemployment rate to 4.1% indicates that while job creation remains robust, as evidenced by the better-than-expected nonfarm payrolls, the labor market is experiencing some underlying weaknesses. This discrepancy suggests that more people are entering the labour force or that other factors are causing a lag in employment absorption.Market ReactionsThe increase in the unemployment rate could influence the Federal Reserve’s policy decisions. While the job creation numbers are positive, the higher unemployment rate may prompt the Fed to consider measures to support the labor market. This could potentially involve adjustments to interest rate policies or other economic stimulus actions.
- The U.S. dollar edged higher in early European trade Tuesday, attempting a comeback after the sharp losses at the end of last week, while the Japanese yen retreated...
Taiwan’s second-largest telecom has found a way into the crypto market, bring resources and experience with it.
Sanctions from the United States, spiraling inflation and government corruption have created an economic nightmare for Venezuelans.
Several parties have filed amicus briefs with the appellate court in support of Custodia Bank receiving approval for a master account from the Federal Reserve.
The conservative Sentinel Action Fund supports four pro-crypto U.S. Senate candidates.