net_left adver left

Fed's Bostic: jobs data another sign economy is gradually slowing

Saturday, January 7, 2023
Fed's Bostic: jobs data another sign economy is gradually slowing © Reuters. U.S. Atlanta Federal Reserve Bank President Raphael Bostic speaks to reporters at the National Association of Business Economics' annual policy meeting in Washington, U.S. March 21, 2022. REUTERS/Ann Saphir
let atwWrapper,atwContainerWidth,atwSliderBox,atwTotalWidth; function initATWSlider() { atwWrapper = $('.relatedInstruments'); atwSliderBox = atwWrapper.find('.slider'); atwContainerWidth = atwWrapper.width(); atwTotalWidth = atwSliderBox.width(); if(window.domainId === '2' || window.domainId === '3'){ atwWrapper.find('.sliderRight').addClass('js-slider-prev'); atwWrapper.find('.sliderLeft').addClass('js-slider-next'); } else { atwWrapper.find('.sliderRight').addClass('js-slider-next'); atwWrapper.find('.sliderLeft').addClass('js-slider-prev'); } if(atwSliderBox.find('.instrumentBox').length > 6){ atwWrapper.find('.js-slider-next').fadeIn(600); } } function atwMoveRight() { atwWrapper.find('.js-slider-prev').fadeIn(150); $(".slider > :visible:first").hide(150) $(".slider > :visible:last").next().show(150); if(!$(".slider > :visible:last").next().find('.name')()){ atwWrapper.find('.js-slider-next').fadeOut(150); return; } } function atwMoveLeft() { atwWrapper.find('.js-slider-next').fadeIn(150); $(".slider > :visible:last").hide(150); $(".slider > :visible:first").prev().show(150); if(!$(".slider > :visible:first").prev().find('.name')()){ atwWrapper.find('.js-slider-prev').fadeOut(150); return; } } initATWSlider(); //update star icon on adding/removing instrument to/from specific watchlist atwWrapper.on('click', 'label.addRow', function() { let parent = $(this).parent(); let checkedPortfolio = false; parent.find('input[type=checkbox]').each(function () { if($(this).is(':checked')){ checkedPortfolio = true; } }); let closestStar = $(this).closest('.addToPortWrapper').find('.star'); if(checkedPortfolio){ closestStar.addClass('added'); }else{ closestStar.removeClass('added'); } }); //update star icon on creating new watchlist atwWrapper.find('.js-create-watchlist-portfolio').find('a.js-create').on('click',function () { let parent = $(this).parent(); let watchlistName = parent.find('input[type=text]').val(); if(!watchlistName){ return; } let star = $(this).closest('.addToPortWrapper').find('.star'); star.addClass('added'); }); //update star icon on adding new position atwWrapper.find('.js-create-holdings-portfolio').find('.js-submit').on('click',function () { let addPositionForm = $(this).closest('.addToPortfolioPop').find('.holdingsContent'); let amount = addPositionForm.find('.js-amount').val(); if(amount < 1){ return; } let star = $(this).closest('.addToPortWrapper').find('.star'); star.addClass('added'); }); atwWrapper.find('.instrumentBox').find('.shortInfo').on('click',function () { if(!window.ga){ return; } let pairId = $(this).parent().find('.js-add-to-portfolio').attr('data-pair-id'); let pairType = window.atwPairTypes[pairId]; window.ga('allSitesTracker.send', 'event', 'content', 'symbol link clicked', '', { "dimension147":"symbol_link_clicked", "dimension163":"click", "dimension148":"symbol", "dimension162":"content add to watchlist", "dimension161":"article page", "dimension142":"article", "dimension75":pairType, "dimension138":pairId, "dimension118":"2975092" }); window.open($(this).attr('data-href')); }); window.atwPairTypes = {"8950":"Equities"};

By Lindsay (NYSE:LNN) Dunsmuir

(Reuters) - The latest U.S. jobs figures are another sign that the economy is gradually slowing and should that continue the Federal Reserve can step down to a quarter percentage point interest rate hike at its next policy meeting, Atlanta Fed President Raphael Bostic said on Friday.

"Today I would be comfortable with either a 50 or a 25 (basis point increase). If I start to hear signs that the labor market is starting to ease a bit in terms of its tightness then I might lean more into the 25 basis point position," Bostic told broadcaster CNBC.

The economy maintained a strong pace of job growth in December, government data showed earlier on Friday, with the unemployment rate falling to 3.5%, but a moderation in wage gains heartened investors as the Fed aims to bring down high inflation without sparking mass layoffs.

Bostic said the data did not change his outlook and reiterated the central bank would need to raise rates further and hold them at that peak, in his forecast, until "well" into 2024 to tame inflation, which remains well above the Fed's 2% target.

"I've been looking for the economy to continually slow from the strong position it was at in the summer time," Bostic said. "This is just a next step in that...it's going incrementally...because of that we got to stay the course, inflation is too high, we need to reduce those imbalances."

He also cautioned against placing too much emphasis on the pace of wage growth, saying they were "not driving the dynamic" on inflation but still need careful monitoring.

Officials at the Fed, which raised borrowing costs last year at the fastest rate in 40 years to quell the pace of price increases, are eyeing a stopping point in its current tightening cycle this spring.

Their median forecast is for interest rates to peak at around 5.1%. The Fed's main policy rate currently sits in a target range of 4.25% to 4.50%. In his interview, Bostic said that he see rates topping out at between 5.00% and 5.25%.

Traders of futures tied to the Federal Reserve's policy rate priced in a stronger chance that the Fed would raise rates by a quarter percentage point instead of a half point move at the conclusion of its next policy meeting on Feb. 1 following the unemployment data.

Bostic said he does not see a recession this year and revealed he sees the unemployment rate rising to only 4% by year end, lower than many of his rate-setting colleagues.

Leave your comment
HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
27-01-2023 21:01:05 (UTC+7)

EUR/USD

1.0866

-0.0023 (-0.21%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

EUR/USD

1.0866

-0.0023 (-0.21%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

GBP/USD

1.2374

-0.0032 (-0.26%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (8)

USD/JPY

129.70

-0.51 (-0.40%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

Sell (2)

AUD/USD

0.7112

-0.0002 (-0.03%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (6)

USD/CAD

1.3328

+0.0008 (+0.06%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

EUR/JPY

140.91

-0.88 (-0.62%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

EUR/CHF

1.0016

-0.0004 (-0.04%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Gold Futures

1,929.80

-0.20 (-0.01%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Silver Futures

23.652

-0.368 (-1.53%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

Copper Futures

4.2485

-0.0190 (-0.45%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

Crude Oil WTI Futures

81.98

+0.97 (+1.20%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (8)

Brent Oil Futures

88.47

+1.00 (+1.14%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (3)

Natural Gas Futures

2.817

-0.031 (-1.09%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (1)

US Coffee C Futures

166.80

-0.35 (-0.21%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Euro Stoxx 50

4,158.95

-15.03 (-0.36%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (9)

S&P 500

4,060.43

+44.21 (+1.10%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

DAX

15,094.95

-37.90 (-0.25%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (8)

FTSE 100

7,757.35

-3.76 (-0.05%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (10)

Hang Seng

22,688.90

+122.12 (+0.54%)

Summary

Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (2)

Sell (2)

US Small Cap 2000

1,903.06

+12.75 (+0.67%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (2)

IBEX 35

9,029.26

-6.34 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (7)

BASF SE NA O.N.

52.580

-0.040 (-0.08%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Bayer AG NA

56.23

+0.19 (+0.34%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (7)

Allianz SE VNA O.N.

221.57

-0.03 (-0.01%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (8)

Adidas AG

147.50

+2.22 (+1.53%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (9)

Deutsche Lufthansa AG

9.725

-0.002 (-0.02%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Siemens AG Class N

143.53

-0.53 (-0.37%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

Deutsche Bank AG

12.302

+0.170 (+1.40%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

    EUR/USD 1.0866 ↑ Sell  
    GBP/USD 1.2374 ↑ Sell  
    USD/JPY 129.70 Neutral  
    AUD/USD 0.7112 ↑ Sell  
    USD/CAD 1.3328 ↑ Buy  
    EUR/JPY 140.91 ↑ Sell  
    EUR/CHF 1.0016 ↑ Sell  
    Gold 1,929.80 ↑ Sell  
    Silver 23.652 ↑ Sell  
    Copper 4.2485 ↑ Sell  
    Crude Oil WTI 81.98 ↑ Sell  
    Brent Oil 88.47 Neutral  
    Natural Gas 2.817 ↑ Buy  
    US Coffee C 166.80 ↑ Sell  
    Euro Stoxx 50 4,158.95 ↑ Sell  
    S&P 500 4,060.43 ↑ Buy  
    DAX 15,094.95 ↑ Sell  
    FTSE 100 7,757.35 ↑ Sell  
    Hang Seng 22,688.90 Buy  
    Small Cap 2000 1,903.06 ↑ Buy  
    IBEX 35 9,029.26 ↑ Sell  
    BASF 52.580 ↑ Sell  
    Bayer 56.23 ↑ Sell  
    Allianz 221.57 ↑ Sell  
    Adidas 147.50 ↑ Sell  
    Lufthansa 9.725 ↑ Sell  
    Siemens AG 143.53 ↑ Sell  
    Deutsche Bank AG 12.302 ↑ Buy  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,720/ 6,820
(30/ 30) # 1,331
SJC HCM6,750/ 6,850
(60/ 60) # 1,361
SJC Hanoi6,750/ 6,852
(60/ 60) # 1,363
SJC Danang6,750/ 6,852
(60/ 60) # 1,363
SJC Nhatrang6,750/ 6,852
(60/ 60) # 1,363
SJC Cantho6,750/ 6,852
(60/ 60) # 1,363
Cập nhật 27-01-2023 21:01:08
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,931.57 +1 0.05%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩm Vùng 1 Vùng 2
RON 95-V23.01023.470
RON 95-III22.15022.590
E5 RON 92-II21.35021.770
DO 0.05S21.63022.060
DO 0,001S-V23.39023.850
Dầu hỏa 2-K21.80022.230
ↂ Giá dầu thô thế giới
WTI $82.30 -1.06 -1.30%
Brent $88.35 -0.97 -1.11%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.260,0023.630,00
EUR24.857,5526.249,47
GBP28.270,1829.475,66
JPY175,71186,02
KRW16,4320,02
Cập nhật lúc 18:54:25 27/01/2023
Xem bảng tỷ giá hối đoái
adver main right