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Fed's Powell says jobs market not too tight, repeats case for gradual rate hikes (news: 20/06/18)

Today's press

  • (Reuters) - The U.S. jobs market does not appear overly tight and the Federal Reserve should continue with a gradual pace of interest rate rises amid a strong economy to balance its employment and inflation goals, Fed Chairman Jerome Powell said on Wednesday.

  • BRUSSELS (Reuters) - The European Union will begin charging import duties of 25 percent on a range of U.S. products on Friday, in response to U.S tariffs imposed on EU steel and aluminum early this month, the European Commission said on Wednesday.

  • NEW YORK (Reuters) - The euro remained slightly lower against the dollar on Wednesday as European Bank President Mario Draghi said the factors holding back local wages are subsiding and the ECB is confident that inflation in the euro zone would move toward its 2-percent goal.

  • LONDON (Reuters) - Sterling slid to a fresh seven-month low against the dollar on Wednesday as concerns over the latest round of Brexit negotiations sapped demand for the British currency before a central bank meeting on Thursday.

  • Investing.com - Sales of previously-owned U.S. homes unexpectedly fell in May, according to figures released by the National Association of Realtors on Wednesday.

  • Bitcoin (BTC) suffered a minor dip last night after it was revealed that hackers had again breached a major cryptocurrency exchange, but the charts still favor a corrective rally to $7,000.

Next trading day's important events

Forex quotes:

  • USDJPY: 110.15
  • EURUSD: 1.1572

Indices:

  • S&P 500: 2766.13
  • NASDAQ: 7763.58

 



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