Global Palladium Market to Swing to Surplus in 2024 - Nornickel

It is very good to be here, and to be part of this Fed Listens event and discussion about the effects of the pandemic experience on the U.S. economy, highlighting challenges in the labor and housing markets. While there are many ways to think about the impact of these effects, I find it helpful to consider both the cyclical or temporary factors and those that are structural and longer term. As monetary policymakers, we are primarily focused on the cyclical matters—meaning how the pandemic and the measures taken to address it complicated accomplishing our dual-mandate objectives of maximum employment and stable prices. Making the best monetary policy decisions over the business cycle requires distinguishing between temporary effects and lasting, structural changes. Today's agenda includes the employment recovery following the high unemployment during the spring of 2020 leading to the current tight labor market. Today's labor market strength reflects policy decisions taken in light of the pandemic experience, including the widespread lockdowns, reliance upon remote work, and other factors that may have structurally altered the labor market. I am very much looking forward to the discussion. I also look forward to learning from the perspectives of today's participants from around New England about the issues that will be discussed today. I find it especially helpful to participate in regional discussions to broaden my understanding of economic conditions throughout the country. This local perspective is one of the great advantages of the Federal Reserve System's regional structure, and of the Fed Listens initiative, which complements the Board's efforts to understand national economic conditions. In 2019, the Board launched Fed Listens with a year of listening sessions with the public focused on monetary policy and, specif tweet at 8:50am: *BOWMAN: REAL-ESTATE REBOUND AFFECTS FED FIGHT TO EASE INFLATION tweet at 8:50am: FED'S BOWMAN: WHILE LOWERED RENTS WILL EVENTUALLY BE REFLECTED IN INFLATION DATA, HOME PRICES THEMSELVES ARE LEVELING OUT #News #Markets #INFLATION #capitalhungry

Real gross domestic product (GDP) was essentially unchanged in March, following a 0.1% increase in February. Service-producing industries (+0.0%) were flat, whereas ...