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November Jobs Crush Hopes for March Rate Cut

November jobs rain on March interest rate cut parade of Number of employees in November It was a shock to traders who had expected the Federal Reserve to start cutting interest rates in March. Employment rose by a seasonally adjusted 199,000 in November, up from 150,000 in October. this is. . .was stronger than expected. […]

US gained 199k jobs in November, jobless rate falls

The U.S. economy added 199,000 jobs in November and the unemployment rate fell to 3.7%, according to data released Friday by the Labor Department. November's jobs report was better than expected, with economists expecting U.S. jobs to rise by 180,000 and the unemployment rate to hold steady at 3.9%. The latest jobs report will be […]

USD/INR drifts higher following RBI rate decision, eyes on US NFP data – FXStreet

share: The Indian rupee depreciated amid a cautious mood. The Reserve Bank of India (RBI) is expected to maintain the current benchmark policy rate. Friday will focus on the RBI's interest rate decisions and the US Nonfarm Payroll (NFP) report. The Indian rupee (INR) traded weakly on Friday as investors became cautious. Nevertheless, […]

The Bond Market Is Screaming for Rate Cuts

Countdown to 10 years below 4% Only about 1/10th of a point left. That alone can boost yields. 10-year US Treasuries are below 4% after investors bid up the 10-year bond again on Wednesday. Calls that seemed outlandish and even bizarre just a few weeks ago, at 4% by the end of the year, now […]

Crying Kim Jong-un Tasks North Korean Women with ‘Stopping the Declining Birth Rate’

Communist dictator Kim Jong-un shed tears during a speech at North Korea’s National Mothers’ Conference this week, calling on women across the country to help “stop the birth rate” and urging mothers to “stop the communists.” It reminded me of the government’s demand that Kim said, “First of all, mothers themselves must become communist mothers […]

Gold Hits Record High Following Fed Chief’s Comments On Interest Rate Cut

At the beginning of Asian time, gold hit an all-time high of $2,135.4. Gold fell more than 2% after hitting a record high on Monday as the dollar rebounded, but expectations of a cut in U.S. interest rates in 2024 halted a slide in zero-yielding bullion. Spot gold was down 2.3% at $2,022.99 an ounce […]

Dollar holds tight as Fed rate cut bets strengthen – Reuters

A bank employee counts US dollar bills at Kasikorn Bank in Bangkok, Thailand, on January 26, 2023. Reuters/Athit Perawongmetha Obtaining license rights TOKYO (Reuters) – The dollar weakened as markets took cautious remarks from Federal Reserve Chair Jerome Powell and awaited key jobs data later in the week that could impact the U.S. interest rate […]