7 Jun 2024
Econ Digest
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21 Sep 2022
Under high inflationary pressures, the U.S. Federal Reserve (Fed) is expected to raise its policy rate by another 0.75% at the Federal Open Market Committee (FOMC) meeting slated for September 20-21, 2022, as the U.S. headline inflation rate for August remained above market expectations, despite a second consecutive monthly decline. Meanwhile, core inflation, excluding highly volatile food and energy prices, has accelerated again, suggesting broad-based and increased inflationary pressures even as energy costs, particularly oil, have declined. The latest data shows that the U.S. labor market remains robust. Despite a slight increase in the August unemployment rate, non-farm payrolls came in above market expectations while jobless claims during the week of July 4-10, 2022 also fell to the lowest level in more than three months. ... Read more