Bostic comments on interest rates

Source: Dukascopy Bank SA
The President of the Atlanta Federal Reserve Bank Raphael Bostic has revealed that he is against additional US base interest rate increases. The policymaker has stated that the current tightening would bring inflation to 2.00% in a reasonable time period.
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Thu, 31 Aug 2023 12:32:23 GMT

United States publish PCE Price Index and Unemployment Claims

The US Bureau of Economic Analysis has released the PCE Price Index data and the Department of Labor has published the weekly Unemployment Claims. In theory, the financial markets were set to react to the publications. Although, market reaction was muted.

Fri, 01 Sep 2023 06:30:05 GMT

UBS fires employees

The Swiss banking group UBS has announced a plan to reduce $10 billion in costs by firing 3,000 employees just in Switzerland.

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