US Federal The results of the US Federal Reserve meeting for last April, issued today, Wednesday, included the following points: Data available at the time of the May meeting indicated that real GDP expanded at a modest pace in the first quarter. Labor market conditions remained tight in March, as job gains were strong and … Read more
Manpower shortage The job market remains strong despite the significant increase in unemployment claims. Private sector job openings and wage lists published this week revealed strong demand for labor and increased employment. In congressional testimony this week, Federal Reserve Chairman Jerome Powell said the central bank could raise interest rates at a faster pace if … Read more
Federal Reserve Chairman Jerome Powell stressed that monetary policymakers have not yet decided on the size of the rate hike later this month, and said it hinges on upcoming jobs and inflation reports. On the second day of congressional testimony, Powell told the House Financial Services Committee on Wednesday, “We haven’t made any decisions regarding … Read more