Job Creation Below What’s Needed to Keep ‘Steady Employment’, Many Have Inflation Higher than CPI
On Friday's broadcast of WBUR's “Here and Now,” MSNBC chief economics correspondent and MSNBC host Ali Velshi said the August jobs report showed job creation was “lower than what's needed to maintain stable employment.” He also said that while wages are outpacing inflation, “inflation is high for a lot of people who have to pay […]
Harris support among young voters higher than Biden's: Survey
A poll of young people in several key battleground states released Thursday found Vice President Harris' lead over former President Trump is 12 points higher than President Biden's lead in July. a US News/Generation Lab StudyThe poll, conducted Aug. 25-Sept. 3, found Harris leading Trump by 30 points (65 percent to 35 percent) among adults […]
Health care ‘shrinkflation’ hitting Americans with higher costs, longer wait times
Americans are suffering from health care “shrinkflation,” including longer wait times and shorter doctor visits, even as they pay more for care, Axios reported on Tuesday. “The United States spends more on health care than almost any other country, yet patients are getting less and less in return and enduring longer wait times with less […]
Cost of migrant crisis to US taxpayers could be billions higher than reported expenses in many states
The immigration crisis is more costly than Americans realize. Last year, U.S. taxpayers spent about $150 billion on government services and assistance to support the country's 20 million undocumented immigrants, the research organization reported. A survey by the Federation for American Immigration Reform (impartial). And most of that cost is borne by state and local […]
Dollar edges higher ahead of key data; euro weakens on German inflation – Investing.com
Investing.com – The US dollar rebounded from recent lows and edged higher on Thursday ahead of a series of key economic data, while the euro fell. As of 4:10 a.m. ET (9:10 a.m. GMT), the dollar index, which indexes the greenback against six other currencies, was trading up 0.2 percent at 101.182 after falling to […]
EURUSD has been following yield differentials higher – ForexLive
The recent huge upside momentum in EURUSD has surprised me, the pair is currently sandwiched between a major resistance at 1.1278 (July 2023 High) and support at 1.1140 (December 2023 High). EURUSD Momentum Now, if we look at the spread between the 2-year and 10-year yields, we can see that essentially this spread between the […]
US single-family housing starts dented by Hurricane Beryl, higher mortgage rates
Erin Sykes, chief economist at Nest Seekers International, weighs in on “The Bottom Line” as high interest rates continue to hurt the housing market. U.S. single-family home construction fell to its lowest level in a year and a half in July, partly due to the disruption to housing activity caused by Hurricane Beryl, but an […]
ForexLive Asia-Pacific FX news wrap: AUD higher on the session, solid jobs report – ForexLive
High Risk Warning: Foreign exchange trading involves a high degree of risk and may not be suitable for all investors. Leverage increases risk and loss. Before trading foreign exchange, you should carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some or all of your initial investment. Do not invest […]
Japanese Yen depreciates as US Dollar gains ground due to higher Treasury yields – FXStreet
The Japanese yen pared its intraday gains despite the hawkish outlook for the Bank of Japan. Japan’s parliament is due to hold a special session to discuss the Bank of Japan’s interest rate hike last month. Weak U.S. Producer Price Index (PPI) data has reduced the chances of a significant Fed rate cut in September. […]
Stocks Edge Higher in Run-Up to US Inflation Data: Markets Wrap – Yahoo Finance
(Bloomberg) — Stocks struggled to rise as traders awaited a key inflation reading that will help shape prospects for the Federal Reserve’s next steps. Most read articles on Bloomberg Stocks edged lower after rebounding from Monday’s market sell-off that rocked trading around the world. The Consumer Price Index appears to have edged up in July, […]