Fed grapples with strong job market, inflation
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©Reuters. The Fed is currently grappling with the complexities of a strong job market, marked by lower jobless claims, which could exacerbate inflationary pressures and potentially lead to higher interest rates. Yields reached their highest levels since 2001. This economic scenario comes as S&P Global reports significant private sector growth. Unexpected expansion in sector employment and services.
In terms of financial markets, European stock markets have risen recently. Meanwhile, Asian markets had mixed reactions. Notably, Japan’s Nikkei 225 suffered a post-earthquake slump, leading to a period of deep silence before trading activity began.
In corporate news, Peloton Interactive shares rose sharply, boosted by news of a strategic partnership with social media giant TikTok. On the other hand, APA publicly announced its intention to acquire Callon Petroleum, marking an important move in the energy sector, and its stock price fell.
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