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Powell Says Fed Seeks Strong Labor Market Over a Sustained Period
The Federal Reserve is focused on achieving a good labor market for a sustained period, Chair Jerome Powell said at a roundtable event in York, Pennsylvania. “Lots of good things happen” in addition to real wage increases when a good labor market lasts for a sustained period of time, Powell said Monday. There are expanded efforts to get more people into the workforce, for example, like programs that prepare prisoners for work a year before they are released. “Actually it turns out that as an expansion gets longer and longer, more and more of the wage needs actually go to people at the lower end of the wage ... (full story)
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From bnnbloomberg.ca|Oct 2, 2023Copper declined to the lowest since March as US bond yields rallied, with the focus shifting to the Federal Reserve’s monetary policy and China breaking for a national holiday. ...
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From youtube.com/spglobalcommodityinsights|Oct 2, 2023Regulatory talks ongoing for US power, metals markets • US, EU deadline for global steel, aluminum arrangement nears. • Texas power market discussions around extreme weather ...
From business.nab.com.au|Oct 2, 2023The sell-off in global bonds continued with fresh cycle highs being set for longer-term yields. The US 10yr yield hit 4.70%, up some 12bps and currently trades at 4.69%. Weekend ...
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- Posted: Oct 2, 2023 8:44pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 5,290
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