will be key, but export curbs on onions is not the first one. we have seen the government take this road for rice and wheat earlier this year, and prices did come down in the domestic market after the export curbs were announced in the same happened with onions. wholesale market prices have actually been seen coming down, so that is really in the focus because despite the growth story that india portrays where we have seen multiple people updating their growth numbers in the coming months, inflation is still a sticky point and it was the reason why the central bank last friday kept the key interest rates unchanged on the higher side, showing its concern on rising food prices. onions are so important to indian cooking, aren t they? and we have seen some reaction from the producers of onions, those farmers blocking the highway. what has the response been otherwise? at been otherwise? at the moment, onions, been otherwise? at the moment, onions. which been otherwise? at the mo
we should get further evidence that there s a real slowdown happening in thejobs market. employers are growing more cautious, putting off hiring. employees are sticking around longer. one caveat, we could see some distortion to the numbers. the auto and actor strikes both ended in november, with many returning to work that same month. plus the end of the year is when many seasonal workers get taken on. now, america s central bank, the federal reserve, will be watching closely. that s because slower job growth and wage gains will fuel expectations that the fed will leave rates on hold. rates have risen to above 5% from nearly zero since march of last year as it wrestles to bring down inflation. the jobs report is the last significant piece of economic data before the us central bank s rate setting meeting next week. now we should note that despite expectations for a slowdown, america s labour market remains strong by historical standards. still, if economists frequently use th
employers are growing more cautious, putting off hiring. employees are sticking around longer. one caveat we could see some distortion to the numbers. the auto and actor strikes both ended in november with many returning to work that same month. plus, the end of the year is when many seasonal workers get taken on. now, america s central bank, the federal reserve, will be watching closely. that s because slowerjob growth and wage gains will fuel expectations that the fed will leave rates on hold. rates have risen to above 5% from nearly zero since march of last year as it wrestles to bring down inflation. the jobs report is the last significant piece of economic data before the us central bank s rate setting meeting next week. now, we should note that despite expectations for a slowdown, america s labour market remains strong by historical standards. still, if economists frequently use the word resilience to talk about the economy in 2023, they may be looking for a new word
happening in thejobs market. employers are growing more cautious, putting off hiring. employees are sticking around longer. one caveat we could see some distortion to the numbers. the auto and actor strikes both ended in november with many returning to work that same month. plus, the end of the year is when many seasonal workers get taken on. now, america s central bank, the federal reserve, will be watching closely that s because slowerjob growth and wage gains will fuel expectations that the fed will leave rates on hold. rates have risen to above 5% from nearly zero since march of last year as it wrestles to bring down inflation. the jobs report is the last significant piece of economic data before the us central bank s rate setting meeting next week. now, we should note that despite expectations for a slowdown, america s labour market remains strong by historical standards. still, if economists frequently use the word resilience to talk about the economy in 2023, they
was found guilty of fraud and money laundering last month. also in november, the ceo of binance, the world s largest cryptocurrency exchange, pleaded guilty to anti money laundering and us sanctions violations. he paid a $50 million fine and the company paid a $4.3 billion fine. but bitcoin, it seems, is no worse for the wear. the price climbed above $44,000 tuesday and shares of coinbase global, the largest us crypto exchange, were up as well. bitcoin miners traded higher too. here s some of the wind in their sails. us regulators are expected to approve an exchange traded fund that directly holds bitcoin. it could happen as early as next month and traders are betting on it. data out overnight said higher interest rates are causing businesses to cut costs including recruiting new workers. we re nearly half way in to this year s round of climate talks known as cop28 and there seems to have been progress on some deals already. under one agreement, 110 governments have commi