The Labor Department said today that 206,000 new jobs were created in June and the May jobs number was revised down; wages rose 0.3% last month; stocks, bonds and the British pound all rose today after the Labour Party’s resounding victory; Saks Fifth Avenue is buying Neiman Marc ...Show more
Fed to wait and see on inflation
Markets hit new highs; Fed minutes show a wait and see approach to rate cuts; Labor market shows more signs of slowing; Skydance-Paramount deal back on.
Freight costs are soaring as militants target ships on a crucial trade route. In this Viewsroom podcast, Breakingviews columnists debate how inflation could rise and which companies could suffer if the tensions aren’t resolved soon. Visit the Thomson Reuters Privacy Statement for ...Show more
Policymakers take divergent paths toward rate exit
Central banks in Europe and the US left borrowing costs untouched this week. But the latter went a step further and unexpectedly promised cuts. In this Viewsroom podcast, Breakingviews columnists explain how ratesetters, who were slow to tackle inflation, could be laggards again. ...Show more