May 3, 2024
US Jobs Report to Show Continuing Streak of Big Employment Gains
Forecasters expect a monthly report on US employment to show strong job growth continued in April, even as wage pressures kept moderating.
Europe:
ECB Isn’t Pre-Committing to Particular Rate Path, Lane Says
The European Central Bank is taking a meeting-by-meeting approach for it’s next steps on monetary policy, according to Chief Economist Philip Lane.
“We are not pre-committing to a particular rate path,” Lane said at the Stanford Graduate School of Business on Thursday.
Asia:
Bank of Korea’s Rhee Signals Rate Cut Delay as Fed Stays Tight
Bank of Korea Governor Rhee Chang-yong said the central bank will reconsider the timing of interest-rate cuts, amid expectations that any easing is likely to get delayed by a weak currency and a strong economy.
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