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Euro Advances As U.S. Inflation Concerns Abate

CANBERA (dpa-AFX) - The euro climbed against its most major counterparts in the European session on Thursday, as tepid U.S. consumer inflation data eased fears over an earlier tightening of U.S. ....

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Futures Point To Lower Open For Wall Street

Futures Point To Lower Open For Wall Street
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Wall Street Set To Open Mostly Lower

Wall Street Set To Open Mostly Lower
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Fed's Barkin: There's still a lot of room to grow in labor market

Fed s Barkin: There s still a lot of room to grow in labor marketNEWS |
5/25/2021 12:37:48 PM GMT
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By Eren Sengezer
Lower-wage employee base has increased aspirations for what they need to go back to work, Richmond Federal Reserve Bank President Thomas Barkin said on Monday, as reported by Reuters.
Key quotes
There s still a lot of room to grow in labor market; will take into the summer to unclog it.
Do not think business travel and office work has gone away; they will come back with more flexibility.
Upward wage pressure is very much a lower-wage thing; not seeing it in jobs with wages $15 and up. ....

Thomas Barkin , Richmond Federal Reserve Bank , Federal Reserve Bank President Thomas Barkin , தாமஸ் பார்கின் , ரிச்மண்ட் கூட்டாட்சியின் இருப்பு வங்கி , கூட்டாட்சியின் இருப்பு வங்கி ப்ரெஸிடெஂட் தாமஸ் பார்கின் ,

Fed's Barkin: Market-based inflation expectations have not escalated beyond target

5/25/2021 12:17:56 PM GMT
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By Eren Sengezer
Market-based inflation expectations have not escalated beyond the target, Richmond Federal Reserve Bank President Thomas Barkin noted on Tuesday and added that survey-based expectations remain stable as well, per Reuters.
Additional takeaways
Challenges in workforce supply likely to last to summer.
Watching very closely if will see sustained upward pressure on wages.
The issue right now is no longer demand-side; it s supply-side.
Market reaction
The US Dollar Index largely ignored these comments and was last seen losing 0.27% on the day at 89.60.
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