• Fed, Dudley: wage gains are gradually starting to pick up

Market news

18 August 2016

Fed, Dudley: wage gains are gradually starting to pick up

  • NYC job gains are widespread outside of finance, on tech hiring

  • Labour market conditions continue to improve

  • Job gains have remained very sturdy

  • If we're downshifting in jobs it's tiny

  • Wage gains are gradually starting to pick up

  • There's probably still a little slack in the labour market

  • Q3 GDP will be quite stronger that H1

  • H2 should be 2% or more

  • Q2 GDP was misleading due to a drag from inventories

*via forexlive
Gold price rose slightly today
US CB leading index up 0.4% in July
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