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Search resuls for: "Anu Gaggar"


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U.S. labor market recovery gaining steam; inflation heating up
  + stars: | 2021-06-10 | by ( Lucia Mutikani | ) www.reuters.com + 0.00   time to read: +6 min
Surging prices for used cars and trucks accounted about one-third of the rise in consumer inflation reported by the Labor Department on Thursday. The recovering labor market and accelerating inflation will have no impact on monetary policy. "As the cycle matures, these inflation pressures will subside owing to the structural forces that have kept inflation low for long." Excluding the volatile food and energy components, the CPI increased 0.7% after soaring 0.9% in April. Though layoffs are subsiding, initial claims remain well above the 200,000 to 250,000 range that is viewed as consistent with healthy labor market conditions.
Persons: Britni Mann, Chris Aluka Berry, Jerome Powell, Anu Gaggar, Sam Bullard Organizations: REUTERS, Labor Department, Commonwealth Financial Network, Reuters, Treasury, CPI, Fed, Thomson Locations: Roswell , Georgia, U.S, Wells, Charlotte , North Carolina, Florida, Texas
"With some exceptions, EM FX has typically not enjoyed rising U.S. inflation and especially not high inflation regimes," analysts at Deutsche Bank said. Colombia's peso was also among the top losers in Latam, falling 0.7% from a nearly one-month high in tandem with losses in the crude market. The Mexican central bank held interest rates steady at a meeting last week, but sparked speculation over future hikes as inflation heats up in the country. Investors were also watching talks between the United States, Canada and Mexico on the new North American trade deal. Latam stocks fell in early trade, with the MSCI's index of regional equities falling 1.7%.
Persons: Ambar Warrick, Shreyashi Sanyal, Anu Gaggar, Andres Manuel Lopez Obrador, Barbara Lewis, Richard Chang Organizations: U.S . Federal, Market, Commonwealth Financial, Deutsche Bank, Mexico IPC Locations: Brazilian, U.S, Latam, Chilean, Mexican, United States, Canada, Mexico, American, Brazil, Chile, Argentina, Colombia, Peru, Bengaluru
Dow futures jump more than 100 points after blowout jobs report
  + stars: | 2021-04-04 | by ( Yun Li | ) www.cnbc.com + 0.97   time to read: +2 min
Stock futures climbed in overnight trading on Sunday as investors cheered a strong bounce in U.S. job growth last month amid accelerating vaccine rollout. Futures on the Dow Jones Industrial Average jumped 136 points. S&P 500 futures rose 0.4% and Nasdaq 100 futures edged up 0.2%. Economists surveyed by Dow Jones were expecting an increase of 675,000 and a jobless rate of 6%. "Faster jobs and wage growth can have an upward pressure on prices and test the Fed's patience with easy monetary policy."
Persons: Dow Jones, Anu Gaggar, Joe Biden, Republican Sen, Roy Blunt of, Biden, pare, Mitch McConnell Organizations: New York Stock Exchange, Stock, Dow Jones Industrial, Nasdaq, Labor Department, Commonwealth Financial Network, Republicans, Republican, Sunday, Democratic Locations: Roy Blunt of Missouri, Ky, U.S
US stocks mixed as economic optimism sparks tech sell-off
  + stars: | 2021-03-24 | by ( Emily Graffeo | ) www.businessinsider.com sentiment -1.00   time to read: +2 min
US stocks were mixed Wednesday as investor optimism around the economic recovery sparked tech stock selling. Oil prices spiked following a major ship blockage in the crucial Suez Canal. US stocks were mixed Wednesday at the close with investor optimism around the economic recovery triggering a rotation out of technology stocks and into cyclical names that hinge on the US re-opening. Powell said that the US economic recovery had progressed faster than expected but was far from complete and that the Fed would provide support for as long as it takes to fully recover. Powell also acknowledged that inflation is rising but is supported by the economic recovery.
Persons: Jerome Powell, Janet Yellen, Powell, Anu Gaggar, Brent Organizations: Bell, Nasdaq, Federal, Fed, Global, Commonwealth Financial Network, GameStop, Intel, West Texas Locations: Suez, Taiwan, Arizona
Total: 4