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The Governor Of The Federal Reserve Bank Of San Francisco Is Optimistic About The Current Economy / New Zealand's Unemployment Rate Returns To 4% Of Pre-crash Levels

 

The Governor Of The Federal Reserve Bank Of San Francisco Is Optimistic About The Current Economy

The President of the Federal Reserve Bank of San Francisco, Daley, said that at this stage, there are many factors that affect the supply of labor. For example, parents need to stay at home to take care of their children. Some people are still worried about going out to get sick, and unemployment benefits are generous. They believe that the local labor market It is not as nervous as employers say, there are still close to 10 million people unemployed. However, it believes that as the economy recovers, most of the unemployed can eventually return to the labor market. Daley's remarks reflect that his monetary policy tends to be moderate.


New Zealand's Unemployment Rate Returns To 4% Of Pre-crash Levels

New Zealand announced this morning that the unemployment rate in the second quarter dropped to only 4%. Looking back at the unemployment rate in the first quarter, it was 4.7%. In other words, the unemployment rate in New Zealand has now returned to its pre-epidemic level. The good employment situation, coupled with the high annual inflation rate of 3.3% in the second quarter higher than the 1%-3% inflation range set by the Bank of New Zealand, and the hot property market have greatly strengthened the market. The Bank of New Zealand will increase its interest rate meeting this month Interest expectations. According to the changes in New Zealand interest rate futures prices, the current market estimates that the Bank of New Zealand will raise interest rates on the 18th of this month. As for the employment figures before the announcement, the market estimates that there is only 60% chance of raising interest rates. As seen this morning, the New Zealand dollar exchange rate has climbed to 70.40 US cents.


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