Riverside County Sees Slight Drop in Unemployment Rate in May
Riverside County’s unemployment rate declined modestly to 4.7% in May, reflecting a combination of job gains and losses across multiple sectors in the regional economy.
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Oregon’s Unemployment Rate Holds Steady Amid Mixed Job Sector Performance
Oregon’s unemployment rate remained unchanged at 5.2% in May, even as payroll employment rose modestly with gains in services offset by manufacturing losses.
Markets & Macro
Russia’s Central Bank Implements Small Rate Cut Amid Ongoing Economic and War Pressures
Russia’s central bank reduced its key interest rate by a modest margin, signaling continued caution due to inflation risks, war-related fiscal strain, and supply bottlenecks shaping the economy.
Markets & Macro
Goldman Sachs Lowers Year-End Gold Price Forecast Amid Delayed Fed Rate Cuts
Goldman Sachs cut its year-end gold target by $500, citing expectations that US interest rates will remain elevated through 2026, weighing on precious metals and cryptocurrencies.
Markets & Macro
Fed Chair Warsh Abandons Forward Guidance, Letting Markets Drive Policy Expectations
Kevin Warsh’s first Federal Reserve meeting marked a shift away from explicit policy signals, prompting markets to quickly price in rate hikes and pushing the dollar to new highs.
Markets & Macro
China’s Manufacturing PMI Stalls at 50% Amid Decline in Small and Medium Enterprises
China’s manufacturing sector hit a critical threshold in May as growth stalled overall, with small and medium enterprises contracting while large firms expanded.
Markets & Macro
Bank of England Maintains Interest Rate Amidst Divergent Views on Inflation Risks
The Bank of England kept its benchmark rate at 3.75%, revealing a sharp division among policymakers about whether recent energy price drops signal lasting inflation relief or a temporary pause.
Markets & Macro
Japanese Inflation Data Highlights Pressure on Yen Amid Global Market Quietude
Japanese inflation figures, following a recent rate hike by the Bank of Japan, reveal persistent challenges as the yen weakens and market activity thins due to regional holidays.
Markets & Macro
War-Driven Inflation Expected to Persist for Months Despite Conflict De-escalation
Economists warn that inflation triggered by recent geopolitical conflicts will continue affecting fuel, food, and travel costs for months, even if hostilities end quickly.
Markets & Macro
Fed Keeps Rates Steady, But Some Loans Remain Significantly Cheaper Than Credit Cards
The Federal Reserve paused interest rate hikes, while credit unions and home equity loans continue to offer substantially lower borrowing costs compared to high-credit-card APRs.
Markets & Macro
Fed signals prolonged higher interest rates as forward guidance is dropped
The Federal Reserve's recent meeting removed forward guidance, indicating it may keep rates elevated longer, shifting expectations toward higher borrowing costs in 2026.
Markets & Macro
Americans’ Retirement Confidence Declines Amid Inflation and Rising Costs
Despite increased savings, fewer Americans feel confident about having enough money to retire comfortably due to inflation, debt, health care expenses, and fears about Social Security changes.