In remarks at the Jackson Hole conference, Federal Reserve Chairperson Jerome Powell emphasized the importance of the U.S. jobs data for the upcoming monetary easing cycle. This adds to the importance of the August jobs data, which will be released on September 6, Stephen Stanley of Santander said in a note. He said that after a surprisingly subdued job growth in July, August's growth would not be a complete shock. More broadly, Powell and others at the Fed have recently opened...
In remarks at the Jackson Hole conference, Federal Reserve Chairperson Jerome Powell emphasized the importance of the U.S. jobs data for the upcoming monetary easing cycle. This adds to the importance of the August jobs data, which will be released on September 6, Stephen Stanley of Santander said in a note. He said that after the unexpectedly subdued job growth in July, "August's growth will not be a complete shock. More broadly, Powell and others at the Fed have recently...
Powell emphasized that there is no rush to cut interest rates, as interest rates may be "higher and longer"! Russia has decided to further reduce production in the second quarter, and the United States is waving sanctions against Venezuela... What major events have happened globally since last Friday?