Analyzing the current economic data, it is evident that a steady unemployment rate and a surge in nonfarm payrolls could potentially lead to an increase in wage growth. This upward trend in wages has the potential to boost disposable income, which in turn could fuel consumer spending and drive demand-led inflation. The Federal Reserve may
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Cuban President Miguel Diaz-Canel recently addressed the nation on a mid-day TV newscast, reassuring the population that the government has managed to secure key subsidized food rations. This comes in the wake of protests that erupted just two weeks prior, due to widespread shortages in the country. Diaz-Canel acknowledged the efforts made by the government
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Gold prices have climbed to an all-time high above the $2,300 mark during the early Asian session. This surge can be attributed to the weaker-than-expected US ISM Services PMI data for March and the speculation that the Federal Reserve (Fed) has reached its peak in the rate hike cycle, boosting demand for the precious metal.
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The recent visit of U.S. Treasury Secretary Janet Yellen to China highlights the importance of high-level communication between the United States and China. This visit, which marks Yellen’s second trip to China since the summer, comes at a crucial time as both countries aim to deepen their dialogue and address longstanding misunderstandings. Yellen emphasized the
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