Sunday, 9 June 2024

The Weekly Bottom Line: Labor Market Resilience Highlights Global Policy Rate Divergence

by BD Banks

The Weekly Bottom Line: Labor Market Resilience Highlights Global Policy Rate Divergence

U.S. Highlights The U.S. economy added 272k jobs in May, while the unemployment rate ticked up to 4.0%. The ISM Purchasing Managers’ Indexes showed manufacturing activity continued to contract in May, while services activity returned to growth. Central banks in Canada and Europe started to cut interest rates this week, which has heightened the focus […]

The post The Weekly Bottom Line: Labor Market Resilience Highlights Global Policy Rate Divergence appeared first on Action Forex.

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