Federal Reserve Chair Jerome Powell spoke on Friday, March 29, at the Macroeconomics and Monetary Policy Conference at the Federal Reserve Bank of San...
on Friday, March 29. Regarding the latest report, Powell said,"The report that came out this morning is pretty much in line with our expectations. Core PCE is at 2.8% on a 12-month basis, headline is at 2.5%, that's what we were expecting. And it's good to see something coming in in line with expectations.
NEW YORK — The number of Americans signing up for unemployment benefits fell slightly last week, another sign that the labor market remains strong and most workers enjoy extraordinary job security. Jobless claims dipped by 2,000 to 210,000, the Labor Department reported Thursday. The four-week average of claims, which smooths out week-to-week ups and downs, fell by 750 to 211,000. Overall, 1.
-- Vietnam’s economy slowed in the first quarter, weighed by an uneven growth in exports and factory output as well as tepid consumption activity.
Global bond and equity markets are ending the first quarter on a high, with investors poised for more wild swings after months of lurching between optimism and pessimism about prospective rate cuts from major central banks. MSCI's global share index, which struck record highs in March, has risen almost 10% since mid-January after traders dropped earlier bets for as many as seven U.S. rate cuts in 2024 and instead embraced the idea of cuts starting in June.
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