XRP/USD

The May jobs report is strong, with non-farm payrolls rising 172k versus the 88k consensus expectation, plus there were 93k upward revisions to the past two months’ data. Private payrolls are up 120k versus 89k expected, while government added 52k. Meanwhile, the unemployment rate remained at 4.3% and wage growth slowed to 3.4% from 3.6%. The breakdown ...

With a great Jobs Report, like just announced, stocks should go up, not down. That’s the way it was for 200 years. Growth does not mean inflation! How else can a Country attain GREATNESS??? President DJT

FED'S HAMMACK SAYS ACTION ON INTEREST RATES COULD BE NECESSARY SOON. HAMMACK SAYS JOBS REPORT SHOWS LABOR MARKET IS ESSENTIALLY BALANCED. Fed's Hammack: It's reasonable to keep rates steady for now but if recent trends continue, it may soon be appropriate to act against high inflation. Cleveland Fed President Beth Hammack updates and restates her view from a few days ago: It's fine to leave rates where they are today but "if recent trends continue, it may soon be appropriate to act." [Translator key: Appropriate to act = raise rates]

WH Sr. Adviser Hassett: The Fed shouldn't hike, and will have room to cut. HASSETT SAYS THE FED CAN MONITOR INFLATION AND DELAY ACTION. HASSETT: FED HAS BEEN BEHIND THE CURVE, PLENTY OF ROOM FOR CUT

Federal Reserve officials' waning concern about the job market, so intense at the start of the year that it supported calls by many of them for interest rate cuts, will be tested on Friday with new data that also frames the opening debate of Kevin Warsh's term as head of the U.S. central bank. Economists polled by Reuters expect U.S. employers created ...

Kelsey Berro, fixed income portfolio manager at JPMorgan Asset Management, joins Katie Greifeld on "Bloomberg Real Yield." They discuss Friday's US jobs report and the path forward for new Fed Chair Kevin Warsh.

The compromise reached on 20 May between the Council of the European Union and the European Parliament on the texts ratifying the Turnberry Agreement marks a new stage in trade relations between Brussels and Washington. But behind the appearance of a transatlantic thaw, the agreement primarily reflects a risk management approach: the aim is to avoid a new ...

Russian President Vladimir Putin pushed back at prospects for European leaders to help negotiate an end to his war in Ukraine, dismissing them as mediators and pointedly insisting on a peace deal he said had been worked out with Donald Trump in Alaska. “How can the European Union or individual EU countries serve as mediators when they are directly assisting ...

The Federal Reserve should absolutely NOT raise rates into supply shock inflation. Ben Bernanke understood this in 2006 and Alan Greenspan understood it back in 1990 when Iraq invaded Kuwait. pic.twitter.com/9I6YtFq4ll

Trump: Taking historic action to bring down the price of energy. TRUMP ANNOUNCES $700M COAL INVESTMENT.