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In June, American employers increased hiring and lifted wages for employees. These are signs of labor market strength, which could keep the major US bank on course for a third interest rate lift this year.
As a Reuters poll of economists states, on Friday the Labor Department's employment report will most likely show that nonfarm payrolls grew by 179,000 jobs the previous month, having gained 138,000 in May.
The unemployment rate is supposed to remain intact at a 16-year minimum of 4.3%. This year it has sunk five-tenths of a percentage point. Moreover, it fits the most recent Fed median prediction for this year.
Financial experts tell that labor market buoyancy could also stimulate the Fed to unveil plans to start cutting its $4.2 trillion portfolio of Treasury bonds as well as mortgage-backed securities already in September.
In June The Fed lifted its benchmark interest rate for the second time in 2017. However, with inflation dropping further below the central bank's 2% objective in May, financial experts expect another rate lifts only in December.
In October, American consumer prices managed to jump by the most for 9 months against the backdrop of profits in the cost of gasoline as well as rents, thus indicating steadily soaring inflation, which will probably keep the key US bank on track to have…
Great Britain will release the level of retail sales at 11:30 MT time on November 15.
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Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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