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US labor market defies interest rate hikes as job openings rise high in July

US labor market defies interest rate hikes as job openings rise high in July A restaurant advertising jobs looks to attract workers in Oceanside, California, US, May 10, 2021. REUTERS/Mike Blake/File Photo Register now for FREE unlimited access to Reuters.com register Job openings increase 199,000 to 11,239 million in July June data revised up to …

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Wall Street falls as job openings data adds to rate hike jitters

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, US, August 29, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com register Best Buy sales beat estimates as discounts spur demand Jobs openings in July rises sharply Indexes down: Dow 0.58%, S&P 0.71%, Nasdaq 0.72% …

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Wall Street ends well down as Powell’s speech affirms hawkish rate stance

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, August 15, 2022. REUTERS/Brendan McDermid/File Photo Register now for FREE unlimited access to Reuters.com register Fed will keep tightening until inflation controlled – Powell Core PCE increases 0.1% in July vs. 0.6% rise in June Dell, Affirm tumble …

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Gasoline price drop restrains US consumer spending; monthly inflation brakes sharply

Consumer spending increases 0.1% in July Drop at service stations accounts for the small rise Core PCE price index edges up 0.1%; up 4.6 year-on-year WASHINGTON, Aug 26 (Reuters) – US consumer spending barely rose in July as falling gasoline prices hurt sales at service stations, but monthly inflation slowed sharply, which could reduce the …

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US economy contracts mildly in the second quarter; no sign of recession in underlying data

Second-quarter GDP contraction revised to 0.6% from 0.9% Gross domestic income rises at 1.4% rate in Q2 Average of GDP and GDI climbs at 0.4% pace Weekly jobless claims drop 2,000 to 243,000 WASHINGTON, Aug 25 (Reuters) – The US economy contracted at a more moderate pace than initially thought in the second quarter as …

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S&P 500, Nasdaq close up 4th straight week as optimism grows

Nasdaq, S&P 500 post longest weekly win streaks since November S&P 500 recovers 50% of bear market losses S&P 500 is up 17.7% from a mid-June low NEW YORK, Aug 12 (Reuters) – Wall Street closed higher on Friday as signs that inflation may have peaked in July increased investor confidence that a bull market …

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US gasoline prices fall below $4 for first time since March

Gasoline demand has waned in the summer Lower-income households spending less as prices dip US retail price hit a record in June Aug 11 (Reuters) – The average price of US retail gasoline fell below $4 per gallon on Thursday for the first time in months, giving some relief to drivers in the world’s largest …

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Fed may slow rate hikes, but policymakers say more is needed

The Federal Reserve building is pictured in Washington, DC, US, August 22, 2018. REUTERS/Chris Wattie/File Photo Register now for FREE unlimited access to Reuters.com register Kashkari sticks to his view of 3.9% fed funds rate at end-2022 Evans sees 3.4% policy rate this year Both push back on market expectation for rate cuts next year …

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China’s inflation factory hits 17-month low, consumer prices speed up

A worker walks past steel rolls at the Chongqing Iron and Steel plant in Changshou, Chongqing, China August 6, 2018. REUTERS/Damir Sagolj/File Photo Register now for FREE unlimited access to Reuters.com register July producer inflation at lowest since Feb 2021 July consumer inflation at 2-year high PBOC seen staying accommodative to spur growth BEIJING, Aug …

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China’s economic wobbles worsen as factory, property woes mount

Employees wearing face masks work on a car seat assembly line at Yanfeng Adient factory in Shanghai, China, as the country is hit by an outbreak of a new coronavirus, February 24, 2020. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com register Factory activity slows in July vs June – Caixin survey …

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