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Powell: Fed in no rush to cut rates amid strong economy, inflation risks
Business

Powell: Fed in no rush to cut rates amid strong economy, inflation risks

The U.S. Federal Reserve is in no rush to cut its short-term interest rate again given an economy that is “strong overall,” with low unemployment

China's Soaring Youth Unemployment Threatens Xi's Economic Vision
Business

China's Soaring Youth Unemployment Threatens Xi's Economic Vision

The nation needs workers, but college graduates shun low-skill work. Many have opted out of the job market and are ‘lying flat.’ Source link

Finances

Australia expects unemployment rate to rise as global economy slows By Reuters

© Reuters. FILE PHOTO: A worker delivering parcels pushes a trolley past the Reserve Bank of Australia building in central Sydney, Australia, March 7, 2017.

Finances

Australian banks say low unemployment is buffering home loans By Reuters

© Reuters. FILE PHOTO: The Commonwealth Bank (CBA) corporate logo is pictured outside the bank’s headquarters in Sydney, Australia, August 9, 2017. REUTERS/Jason Reed/File Photo

European banks default-risk indicator jumps, AT1 bonds fall By Reuters
Finances

US job growth slows in June; unemployment rate falls to 3.6% By Reuters

© Reuters. A job posting looking for workers is shown at a gas station in San Diego, California, U.S. November, 9, 2021. REUTERS/Mike Blake By

European banks default-risk indicator jumps, AT1 bonds fall By Reuters
Finances

Record-low Black unemployment By Reuters

© Reuters. An “Apply Now” sign stands outside the new Faccia Brutta Bar Pallino looking to hire employees on Newbury Street in Boston, Massachusetts, U.S.,