FED’S QUARLES HINTS AT PAUSE IN RATE CUTS
By Jerry Kronenberg NEW HAVEN, Conn. (MaceNews) – Federal Reserve Vice Chairman Randal Quarles hinted Friday the central bank’s rate cut this week could be the last one for a while. Quarles said in a speech at Yale University that current monetary policy is “likely to remain appropriate as long as incoming information about the […]
NY FED’S WILLIAMS: ECONOMY IN A GOOD PLACE
By Vicki Schmelzer NEWARK, N.J. (MaceNews) – The U.S. economy is “strong” and in a “good place,” New York Fed President John Williams said Friday. Williams, during an appearance at Rutgers University, expressed optimism about the regional New York-New Jersey economy, and the country as a whole, noting that U.S. job growth was “strong.” On the […]
US JOBS OCT RPT SHOUTS A NEW POSITIVE NARRATIVE WITH UNEXPECTED STRENGTH
–Payrolls +128K; Unemp Rate 3.6%; Wages +3.0% Annual; 2-Mos Revisions +95K –Labor Participation Rate Highest Since August 2013 By Denny Gulino WASHINGTON (MaceNews) – The October jobs report Friday surprised by challenging the scenario of a deepening slowdown with an above-expectations payrolls total of 128,000 despite GM strike effects, a 93,000 positive contribution from two […]