US jobless claims jump to 211 thousand – East Economy with Bloomberg

US jobless claims jump to 211 thousand – East Economy with Bloomberg

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

Jerome Powell: We haven’t made any decision about accelerating the rate hike – East Economics with Bloomberg

Jerome Powell: We haven’t made any decision about accelerating the rate hike – East Economics with Bloomberg

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