Oil appears to be playing a major factor in this week’s rise of the benchmark 10-year Treasury yield to its highest levels since November, and is boosting
Bond yields rose to fresh highs for the year as the prospects for multiple rate cuts in 2024 faded following data showing inflation picking up steam.
Analysis of DWP data showed that while the highest number of claims in 2023 were made in urban areas, some leafy suburban commuter belt towns saw claims increase by more than a third.
WASHINGTON >> Fewer Americans applied for jobless benefits last week as the labor market continues to thrive despite the Federal Reserve’s efforts to cool it.
NEW YORK >> U.S. stocks slumped today after higher yields in the bond market caused by a strong U.S. economy cranked up the pressure on Wall Street.
A gauge of global equities has slipped while Treasury yields edged higher as investors sought clues on the potential for Federal Reserve interest rate cuts in the latest inflation data while the European Central Bank signalled rate cuts soon. A day after March’s hot Consumer Price Index (CPI) reading sent equity investors to the exits, […]
It was bound to end. This is California, after all. Losing population defies our history. Now we’re back growing again. Yes, that’s correct. California has resumed adding people after three years of shedding them. Just last week, I reported that California residents were fleeing the state. They still are. But our numbers again are rising, based on updated Newsom administration data to be released around May 1. What caused the turnaround? Fewer people are now able to work remotely in other...
U.S. Treasury yields were relatively flat Thursday after the March wholesale inflation data came in weaker than expected.
United States President Joe Biden said that his party has ‘a plan to deal with’ inflation after new data showed surging gas prices, mortgages, and rent pushed inflation higher than expected in March. Biden was challenged by a journalist during a press conference with the Prime Minister of Japan, Fumio Kishida, at the White House (10 April.) The reporter pointed out that last month, Biden predicted that the Federal Reserve would cut interest rates due to falling inflation. However, the opposite...
The Windsor area’s unemployment rate increased slightly in March as the region saw 2,700 more people looking for work and the single-largest monthly jump in population in at least 25 years. The area absorbed another 1,300 new residents last month, bringing the population growth to 3,600 in 2024’s first quarter. “The unemployment rate increased 0.1 […]
The number of people claiming Universal Credit because of ill health has risen by 44% in Coventry in just one year
Foreign holdings of U.S. Treasuries surged to a record in February, its fifth straight monthly rise, Treasury Department data released on Wednesday showed. Holdings totaled $7.965 trillion, up from a revised $7.945 trillion in January. Treasuries owned by foreigners rose 8.7% from a year earlier.