Weaker job markets spark rate cut hopes
Rising unemployment for Canada, U.S. gives central banks reason to ease
- By: James Langton
- July 8, 2024 July 8, 2024
- 14:38
Rising unemployment for Canada, U.S. gives central banks reason to ease
In June, monthly filings returned to pandemic heights
Treasury chief says the gov't will work to reverse '14 years of chaos and economic instability'
New U.K. regime will be caught between policy promises and financial markets
The result was the highest reading for the unemployment rate since January 2022
Employers added 206,000 jobs in a sign of continued economic strength
Global revenues up driven by debt issuance, M&A advisory fees, LSEG reports
Continuing claims rise for ninth straight week
Minutes of most recent meeting show that policymakers are in no rush to reduce borrowing costs
Exports dampened by lower energy prices and volatility in gold shipments
Rental housing increasingly popular due to demographic shifts and the unaffordability of home ownership
Real estate board says the number of homes sold in June tumbled 19.1%
Surge in mega deals, valuations drive dealmaking activity in first six months of 2024
Interest rate changes and inflation risks affected plans
Powell said the U.S. economy and job market remain fundamentally healthy
The U.S. economy, job market have been resilient in the face of the Fed's campaign to raise interest rates to rein in inflation
The European economy has slogged through quarter after quarter of near-zero growth
Economy performing better than expected, pushing out Fed action
Year-over-year insolvency levels have been rising for more than two years
Both goods-producing and services sides of the economy showed growth
Average prices still remain far above where they were before the pandemic
Recorded pace was slowest quarterly growth since spring 2022