Friday, June 02, 2006

Quick Overview

  • U.S. Inflation will likely stay contained but is at the top end of a price-stability zone and interest-rate policy should aim to move it down, Chicago Federal Reserve President Michael Moskow said on Friday.

  • U.S. Employers added only 75,000 new jobs in May, the Labor Department said in a report that signaled slower economic growth and led financial markets to slash bets on further interest-rate increases. Average hourly earnings were up just 0.1%.

  • U.S. Factory orders were down 1.8% in April.

No comments: