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The Fed wants to cool spending; a strike, a shutdown and student loans may add ice
U.S. Federal Reserve officials, who have tentatively embraced the possibility they can squelch inflation without a recession, meet this week with an autoworkers strike, a possible federal government shutdown, and a student loan squeeze on consumers posing new risks to that best-case outcome. The United Auto Workers launched a strike against all three major automakers on Friday with an initial walkout of around 13,000 employees at three plants, but those numbers could grow. Federal elected officials have only until Sept. 30, when current spending authorizations expire, to come up with a deal or federal agencies will ... (full story)
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From tippinsights.com|Sep 18, 2023The UAW strike that began September 14th by 146,000 UAW union members seeking a 46 percent pay raise, and a 32-hour week with 40 hours of pay, and restoration of traditional ...
From brecorder.com|Sep 18, 2023Copper was supported on Monday by expectations that the global interest rate tightening cycle is close to ending, but worries about demand in top consumer China and rising ...
From @DeItaone|Sep 18, 2023tweet: YELLEN: PREMARTURE TO FORECAST IMPACT OF UAW STRIKE ON US ECONOMY -CNBC INTERVIEW tweet: YELLEN: LABOR MKT COOLING, DOESN'T INVOLVE SIGNIFICANT LAYOFFS tweet: US TREASURY SECRETARY YELLEN: JOB OPENINGS ARE STILL HIGH, SHOWING A HEALTHY LABOR MARKET. tweet: *Yellen: Expect to See Some Impacts From Fed Rate Increases *Yellen: There Are Lags in Monetary-Policy Impact on Economy *Yellen: Don’t See Any Signs Economy is at Risk of Downturn tweet: YELLEN: US WATCHING OIL PRICES VERY CLOSELY -CNBC
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From forex.com|Sep 18, 2023Gold was able to climb in the last two days of last week despite the US dollar and bond yields pushing higher. The precious metal gained ground on Friday as stocks reversed their ...
From argusmedia.com|Sep 18, 2023A new wave of UK mining projects for critical minerals production is progressing steadily towards final commercial decisions, supported by high metal prices and increased ...
From @financialjuice|Sep 18, 2023tweet: ECB'S VILLEROY: THE ECB WILL MAINTAIN RATES AT 4% AS NEEDED. tweet: FRENCH HICP INFLATION SEEN AT 5.8% IN 2023 (PREVIOUSLY 5.6%), 2.6% IN 2024 (PREVIOUSLY 2.4) AND 1.8% IN 2025 (PREVIOUSLY 1.9%). tweet: BANK OF FRANCE SEES GDP GROWTH AT 0.9% IN 2023 & 2024. tweet: BANK OF FRANCE CUTS 2024 CORE INFLATION FORECAST TO 2.8% VS 3%.
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- Posted: Sep 18, 2023 12:10pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,581
