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Us non-farm payrolls fell sharply lower than expected for the second month in a row
Us payrolls fell below expectations for the second month in a row, signalling a weak labour market recovery and complicating the Fed's decision to start scaling back its monetary stimulus measures before the end of the year. Non-farm payrolls rose by 194000 in September and were revised upwards to 366000 in August, according to data released by the Labor Department on Friday. The unemployment rate fell to 4.8% and the average hourly wage jumped. Economists surveyed by Bloomberg forecast a median increase in non-farm payrolls of 500000 in September. Several months of sluggish job growth shows that there is a tug-of-war between employers and job seekers. On the one hand, enterprises need
Bank of America Corporation: the Bank of England may raise interest rates twice by May next year.
Bank of America Merrill Lynch said the Bank of England was likely to raise interest rates twice by May to curb soaring inflation, but much would depend on how high unemployment would rise after the end of the government's compulsory leave programme. "the end of the compulsory leave plan is still key," Bank of America Corporation economist Robert Wood wrote in a report. "if all goes well, or if the Bank of England feels current inflationary pressures, it could raise interest rates as early as December and then raise rates for the second time in May next year." The basic scenario forecast for BofA Merrill Lynch is that the UK will raise its benchmark interest rate by 15 basis points to 0.2 in February instead of May.
Tesla apologized to the owner of the Model 3 for being trapped in the car while charging.
June 3 news this afternoon, Tesla issued a notice to apologize for the Shenzhen car owner trapped in the car. According to the statement, at 10: 50 a.m. on May 30, Tesla received feedback from a customer, Mr. Wen: when charging at the Xili Tianlong charging station in Shenzhen, the vehicle screen was black and the door could not be opened. With the help of enthusiastic citizens, the broken window rescued the customer. Tesla said that the customer got in touch with him by phone after leaving the vehicle, and the staff immediately arrived at the scene. The situation of the vehicle is judged on the spot because the storage capacity of the 12V battery of the vehicle is reduced. In contact with the customer and agreed on the external connection of the vehicle
Financial website Fxstreet analyst Elam: Federal Reserve is close to sending out a signal to scale back its bond purchases.
There are three big signs that the Fed is close to scaling back its bond purchases. First, Philadelphia Fed Chairman Huck said yesterday that it was time to consider reducing the size of bond purchases, which was in line with Federal Reserve Chairman Colin Powell's policy of avoiding raising interest rates. Second, the Fed announced on Wednesday that it would start selling corporate bonds it bought last year through an emergency loan facility, albeit with a total size of just $13.6 billion, but it was a hint of greater action by the Fed. Third, the latest beige book released by the Federal Reserve points out that the upward pressure on prices is increasing, and the Federal Reserve is expected to signal a reduction in bond purchases within two weeks.
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