U.S. jobless claims rose to 225,000 last week, but the level was still within a range consistent with a healthy labor market. Source link
Category: Economy
Eurozone Retail Sales Fell in April
Eurozone retail sales fell more than expected in April as rising energy prices continued to erode consumer spending power. Source link
Swiss Inflation Holds Steady Ahead of SNB Meeting
Swiss inflation was unchanged in May, reinforcing the view that the Swiss National Bank is unlikely to raise interest rates later this month. Source link
Logan: Fed May Need to Hike Interest Rates This Year to Confront Inflation
Dallas Fed President Lorie Logan gave one of the most direct warnings yet from a U.S. central banker that the Federal Reserve may need to […]
Months after the Supreme Court struck down President Trump’s most sweeping global tariffs, the administration said it would levy new tariffs using a different legal mechanism
Will the administration’s new attempt to impose broad tariffs stick? Source link
Energy Costs Continue to Feed Inflation, Fed’s Beige Book Shows
U.S. businesses endured another month of energy-driven price increases and economic uncertainty in the third month of the Iran conflict, according to a recent survey […]
Canada Services Activity Grows Slightly in May
Activity in Canada’s services industry picked up slightly last month despite a fall in new business and ongoing economic uncertainty. Source link
U.S. Services-Sector Activity Continued to Expand in May
The Institute for Supply Management’s purchasing managers index for services providers was 54.5 compared with 53.6 in April. Source link
ADP Says Private-Sector Hiring Stayed Strong Last Month
Private companies added a net 122,000 jobs in May, ADP said, compared with 105,000 additions in April and economists expectations of 110,000 new jobs. Source […]
Bank of Japan Could Raise Rates Even If Mideast Uncertainty Persists
Japan’s central bank could look past Middle East uncertainty and raise interest rates if inflation becomes a bigger threat to the economy than the risk […]