FOREXLIVEToday the main event was the UK jobs data. We got another mixed bag with a further uptick in the unemployment rate but wage growth remaining sticky at elevated levels.
This hasn't changed much for the market as it continues to fully price the first 25 bps cut in November with a total of 35 bps of easing by year end vs. 30 bps before the data release.
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European stocks closed lower on Thursday on concerns the Federal Reserve might not reduce interest rates more than one time this year despite soft consumer price and producer price inflation data.
About 1 Year Ago
John Wiley & Sons, Inc. (WLY) reported Thursday net income for the first quarter of $25.27 million or $0.46 per share, sharply lower than $68.34 million or $1.22 per share in the prior-year quarter.
About 1 Year Ago
Asian stocks rose broadly on Thursday as soft U.S. inflation data helped keep the door open for a Federal Reserve rate cut in September.
About 1 Year Ago
While announcing its widely expected decision to leave interest rates unchanged on Wednesday, the Federal Reserve also revealed officials now expect only one interest rate cut this year. In support of its goals of
About 1 Year Ago
Asian stocks drifted lower on Wednesday as investors awaited key U.S. inflation data as well as a Federal Reserve policy decision later in the day for additional clues on the outlook for interest rates.
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