Fed’s Urgency for Steep Rate Hikes Lessens After Wage Gains Cool
“Jerome Powell’s push to limit the Federal Reserve’s interest-rate liftoff this month to a quarter percentage point was bolstered by unexpectedly stagnant wages amid strong hiring seen in February’s jobs report. While employers added 678,000 to payrolls and unemployment fell to 3.8%, average hourly earnings were little changed from January.”
U.K. Can Afford Inflation-Beating Pay Rise for Public Workers
“The U.K. government can afford to give the country’s 5.5 million public-sector workers an inflation-busting pay rise, according to its own official forecasts.”
China’s Ambitious GDP Goal a Boost to Slowing World Economy
“China’s ambitious GDP target could prove to be a modest boost for a beleaguered global economy that’s grappling with stagflationary pressures from Russia’s war in Ukraine.”
Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may affect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.