Unemployment
FOMC in no hurry to cut rates, says Powell
September’s loosening reflects growing confidence in soft landing, argues Fed chair
Bank closures lead to job cuts at small businesses – Fed study
Research finds that if 25% of local branches close, employment growth falls by four percentage points
BLS revises US employment downward
Bureau says 818,000 fewer jobs were created over year to March than it had previously estimated
Fed chair says time has come to adjust policy
Powell warns of ‘unmistakable’ labour market cooling in speech at Jackson Hole summit
‘Beveridge threshold’ can explain US soft landing – study
Gauti Eggertson tells Jackson Hole attendees why many economists were too gloomy about growth
Medium-term US inflation expectations hit record low
However, expert says infrastructure projects could push prices to higher-than-expected levels
Fed holds rates again
Powell says FOMC’s “broad sense” is that US economy is moving to point where cuts would be justified
European Central Bank holds rates
Inflation set for return to target in 2025, as Lagarde defends ECB response to staff burnout
Policy should ‘accommodate’ core inflation to ward off unemployment – paper
Central banks can help insulate vulnerable households in event of energy shock
BNM’s Rasheed on inflation, growth and currency performance in emerging markets
Bank Negara Malaysia’s governor speaks about balancing inflation and growth, supporting the ringgit, multilateral currency settlement and greening Islamic finance
New York Fed paper argues for wage insurance
The programme would pay for itself and increase lifetime earnings, researchers say
ECB cuts policy rate by 25 basis points
Strong eurozone wage growth rules out commitment to further cuts, says governing council
Bank of Canada conducts large-scale survey of indigenous-owned firms
Indigenous firms have higher inflation expectations and use alternative funding sources
Risks facing central banks: action and inaction
Unlike Fed policy in the 1990s, central bank actions this century do not appear overly accommodative, given poor policy decisions elsewhere, writes Andrew Smithers
Profit inflation and monetary policy: weighing the evidence
Biagio Bossone says profit inflation needs monetary ‘fuel’ to rise – but fiscal policy is the best fix, should governments have the ‘guts’
BoE hints at possible cuts before Fed
Rate cuts may exceed market expectations, Andrew Bailey says
Fed officials say strong economy gives them flexibility and time
Kugler, Barkin and Powell say upside and downside risks are evening out over time
Banxico cuts rates by 25bp
Mexican central bank says risks are tilted to the upside
Central Bank of Brazil cuts rate by 50bp
Copom says it expects to do the same at its next meeting in May
Monetary policy should account for energy shocks, says study
Energy price hikes may cause spiral of higher unemployment and lower spending, paper says
Current US wage trends may be here to stay – NY Fed research
Researchers present new tools for predicting wage growth in US