Baidu’s robotaxis don’t need any human staff in these parts of China
Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles. Baidu BEIJING — Chinese tech company Baidu said Monday it has become the first robotaxi operator in China to obtain permits...
Fed Governor Bowman sees ‘similarly sized’ rate hikes ahead after three-quarter point moves
Federal Reserve Governor Michelle Bowman said Saturday she supports the central bank’s recent big rate increases and believes they should continue. Signal2frex feedbacks
Dollar Rose, Yen Fell as Traders Adjusted Bet on Fed Hikes
The strong set of job market data seemed to have cleared much concern over recession in the US, and set the tone for the financial markets. Benchmark treasury yields jumped as traders added bets on Fed continuing with the current...
Reserve Bank of Australia Sees Flexible Path Forward
Summary The Reserve Bank of Australia (RBA) raised its Cash Rate by 50 bps to 1.85% at its August meeting and signaled that further rate hikes will be needed to bring inflation back toward target over time. Several elements of...
Weekly Economic & Financial Commentary: July Jobs Report Squashes Current Recession Fears
Summary United States: July Jobs Report Squashes Current Recession Fears Employers added over half a million jobs in July, which squashes arguments that the U.S. economy is currently in recession. While other measures of labor market strength have shown more...
Week Ahead: Fallout from BOE and NFP; Focus on CPI
This week expect to see more follow through price action from Non-Farm Payrolls and the BOE. In addition, watch the data to see if inflation has peaked or continued higher. Last week, the US Non-Farm Payroll print of 528,000 more...
Danger ahead: The U.S. economy has yet to face its biggest recession challenge
You’d be hard-pressed now to find a recession in the rearview mirror. What’s down the road, though, is another story. Signal2frex reviews
Here’s where the jobs are for July 2022 — in one chart
There was an appetite for workers particularly in the service sector, which has been grappling with labor shortages. Signal2frex reviews
Forward Guidance: Soaring U.S. Inflation to Ease Off in July
U.S. inflation numbers are expected to edge lower next week, dropping to 8.8% in July. The slowdown (the reading was at 9.1% in June) comes after inflation hit record levels following more than a year of persistent supply chain pressures,...
Dollar Soars Broadly after All-Round Strong NFP
Dollar soars broadly, together with benchmark treasury yields, after an all around strong non-farm payroll report. At the same times US futures tumble, apparently on expectations Fed’s tightening pace will continue with such healthy job market. The greenback is now...
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