A stunning revelation overnight from Bank of England Governor Mark Carney...
Tom Porcelli, chief U.S. economist at RBC Capital Markets LLC, said the Federal Reserve may need to consider a third round of quantitative easing as early as September to counter deflationary risks.
Payrolls pushed past their U.S. pre- recession peak for the first time in May, a milestone that’s been five years in the making.
American manufacturers are churning out more goods and homebuilders are regaining confidence as evidence mounts that the world’s largest economy is making a comeback after a slow start to 2014.
The economic expansion in the U.S. reached a milestone in May with employment exceeding the pre- recession peak for the first time -- almost five years after the recovery began.
Employers in the U.S. probably added more than 200,000 workers for a fourth month in May, powering payrolls past the pre-recession peak for the first time as the economic expansion continues to strengthen.
Treasuries posted the biggest weekly drop in three months as employment gains in May pushed U.S. payrolls past their pre-recession peak and the jobless rate held at an almost six-year low.
Treasuries advanced for the first time in five days as a private report showed U.S. companies added fewer jobs than forecast in May and the trade deficit in April ballooned to the widest in two years.
"Make no mistake-- the broader trend is definitely one for improvement."
- Tom Porcelli on Jul 24, 2014
RBC’s Porcelli Says Wage Inflation to Remain Low (Audio)
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Stifel Nicolaus's Bannister, RBC's Porcelli on Jobs