Richmond Fed President Tom Barkin said the decline in the unemployment rate was welcome and described job growth as modest but stable.
Rather than signaling a setback, December's modest employment gain and rising unemployment rate reinforce our view that Canada's labor market recovery is underway but will likely prove choppy, with slack absorbed only gradually over time, Royal Bank of Canada Senior Economist Claire Fan reports.
Consumer confidence in the US improved slightly to start the year, with the University of Michigan's Consumer Sentiment Index rising to 54 in January's preliminary reading, from 52.9 in December. This print came in slightly better than the market expectation of 53.5.
Gold and Silver prices fell sharply yesterday, with Gold dipping near $4,400 per ounce and Silver briefly below $74, before recovering somewhat, highlighting heightened short-term market uncertainty, Commerzbank's commodity analyst Carsten Fritsch notes.
TradingKey - U.S. Department of Commerce According to data released on Thursday local time, the U.S. goods and services trade deficit in October significantly narrowed to $29.4 billion, marking the lo
USD/CNH remains under 7.0000 as China’s December inflation data showed headline CPI rising to 0.8% y/y, the highest since February 2023, while core CPI stayed at 1.2% for a third consecutive month, and PPI printed -1.9%, indicating ongoing deflationary pressure, BBH FX analysts report.
The French government passed emergency legislation late last month to roll over the 2025 budget into 2026, ensuring that spending, tax collection and debt issuance are not disrupted this month.