More than a year after the pandemic we will have the result of the American employment data on April 1. Unemployment is expected to fall to 3.7% thanks to the recovery of all sectors of the US economy and the rise in interest rates last March. The commitment of the Federal Reserve remains firm with the proposed plan for this
Russian President Vladimir Putin put his nuclear forces on high alert in late February and warned NATO not to interfere in Ukraine. Secretary of State Antony Blinken has repeatedly said the United States is ready to defend any Russian incursion into NATO territory. A clash between the world’s two biggest nuclear powers is the nightmare scenario that military planners have
The European Central Bank has removed language suggesting rates could be lower than they currently forecast. In addition, he abandoned the promise to end APP “a short time” before rates rise. It also announced a faster liquidation of its asset program. PEPP will still end in March. However, it will now only buy €40bn worth of bonds in April, €30bn
Federal Reserve officials are wary of a Russian invasion of Ukraine, though several have said in recent days that geopolitical tensions are unlikely to stop them from withdrawing support for the US economy. The job market is booming and prices are rising fast. This week positive US employment data is expected with a drop of 3.9% from 4% in the
Europe imports about 40% of its gas supply from Gazprom, the EU chief told CNBC’s Hadley Gamble at the Munich Security Conference, which von der Leyen described as a “dependency that is not sustainable.” European Commission President Ursula Von der Leyen tells CNBC that energy sanctions against Russia remain an option if Russia invades Ukraine. Asked about the possibility of
President Joe Biden spoke with President Vladimir Putin of Russia about Russia’s military buildup on Ukraine’s borders. President Biden was clear that if Russia launches a new invasion of Ukraine, the United States, together with our allies and partners, will respond decisively, imposing swift and severe costs on Russia. President Biden reiterated that a Russian invasion of Ukraine would result
The president of the Fed, Jerome Powell, affirmed last Wednesday the probability of a rise of half a percentage point (0.50%) if inflation continues stubbornly high. The move would raise borrowing costs from near zero, where they have been since the start of the Covid pandemic, for businesses and consumers. This would bring two main reasons to shrink the economy
The loonie could stay lower this week ahead of the interest rate announcement this Wednesday at 12:00 pm EST. The Central Bank of Canada would keep its interest rates unchanged and the economy finds itself with an inflation of historical record of 30 years. The BBC’s lack of initiative could leave investors with no incentive to stay in the Canadian
US employment data exposed the Federal Reserve’s odds of moving earlier than expected. Unemployment in the United States fell to 3.9% and is reason enough for Fedwatch, the body that monitors the behavior of the Reserve, could raise interest rates in less than two months. Members considered that the conditions for the rate hike could be met soon if the
The United States and Canada will report the evolution of non-farm payrolls and the variation in the unemployment rate respectively this Friday. The announcement will be at 10.30 am this Friday, Argentine time (GMT -3). November labor market data, released in December, was more disappointing than expected. 200K were added, compared to the expected 500K. Despite these data, the unemployment
