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👤Nurudeen Amedu
🕔September 28, 2016
Stanley Fischer, the Federal Reserve Vice Chairman said that low interest rates have helped the US economy raise its labor market gains which are in turn being supported by higher wages.
“With unemployment now below 5 percent we’re beginning to see the fruits of a higher-pressure labor market,” Fischer said Tuesday in response to questions following a speech at Howard University in Washington.…
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👤Nurudeen Amedu
🕔September 15, 2016
The Australian unemployment rate dropped to its lowest reading in 3 years in figures posted for the month of August, strengthening the case for an Australian interest rate cut in the coming months with the weakness shown by the country’s job market.…
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👤Nurudeen Amedu
🕔September 2, 2016
There was a decline in the most recent RBC Markit Canadian manufacturing PMI index figures as it fell from 51.9 reported in July to 51.1 for the month August, this was its lowest reading in six months. Despite the fact that the figures still signify expansion, its shortcomings will spur disappointment in the market, mostly due to the slump in export orders in the current month.…
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