1. Nonfarm Payrolls grew by 642 thousand in June, after growth by 886 thousand in May.
2. Jobless Claims number was 364 thousand in the previous week, after 415 thousand a week earlier.
3. Core PCE Price Index increased 3.9% in May, after 3.6% growth in June.
However, banks (Federal Reserve released results of stress tests) and real economy (approval of Biden’s infrastructure plan) were in focus rather than technologies.
ПодробнееContinuing verbal interventions by policymakers and major investors had calmed the market down regarding prospects of stimulus wrapping up by Federal Reserve. For how long?
ПодробнееSince early 2020, Federal Reserve has pursued Quantitative Easing (QE) policy, that is, it purchases mortgage bonds and Government bonds expanding its balance sheet. Federal Reserve’s policy has critical ...
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