• DAILY UPDATES
  • MARKETS
    • Forex
    • CFDs
    • Spot Metals
    • Indices
  • ANALYSIS
    • Fundamental Analysis
    • Technical Analysis
  • ARTICLES
No Result
View All Result
FTD Limited
  • DAILY UPDATES
  • MARKETS
    • Forex
    • CFDs
    • Spot Metals
    • Indices
  • ANALYSIS
    • Fundamental Analysis
    • Technical Analysis
  • ARTICLES
No Result
View All Result
FTD Limited
No Result
View All Result

Thursday, September 9, 2021 Headlines

FTD Limited by FTD Limited
September 9, 2021
Reading Time: 4 mins read
A A
Thursday, September 9, 2021 Headlines
0
SHARES
25
VIEWS
tweetpostshare
  1. Bank of Canada Holds Interest Rates Steady
  2. Fed’s Beige Report Released
  3. U.S. Posts Record 10.9 Million Job Openings

Bank of Canada Holds Interest Rates Steady

The Bank of Canada kept its key interest rate goal unchanged on Wednesday, warning that the fourth wave of the pandemic, as well as supply bottlenecks, might hinder the recovery.

The central bank kept its overnight rate target at 0.25 percent, or the effective lower bound and said it will continue to buy bonds at a target rate of $2 billion per week as part of its quantitative easing program.

“The governing council judges that the Canadian economy still has considerable excess capacity, and that the recovery continues to require extraordinary monetary policy support,” the bank said in its decision.

The country’s gross domestic product — the entire value of all goods and services sold — fell in the second quarter, according to Statistics Canada.

The Bank of Canada expects the economy to grow in the second half of the year, while the fourth wave of the COVID-19 epidemic and continued supply-chain problems might slow the country’s recovery.

The Bank of Canada’s next interest rate decision is set for Oct. 27, when it will also release its fall monetary policy report, which will include an update on the economy and inflation.

Fed's Beige Book Report Released

Fed’s Beige Book Report Released

The Fed published the August issue of the Beige Book report, which includes assessments of the current situation in the American economy.

The US Federal Reserve (Fed) reported that economic growth slowed slightly to a moderate pace in the period from the beginning of July to August. The report said that the slowdown in economic activity can be attributed to the decline in the food, travel, and tourism sectors in most regions, reflecting safety concerns largely stemming from the spread of the Delta variant in the new type of coronavirus (Covid-19) epidemic.

The report pointed out that the other sectors in the economy where growth slowed were those with supply and labor shortages. Also according to the report, growth in non-auto retail sales slowed slightly in some regions.

“Looking ahead, businesses in most regions remained optimistic about near-term prospects, despite widespread concerns about continued supply disruptions and resource shortages,” the Fed’s report said. 

In the report, it was stated that in some regions, return to work was delayed due to the increase in the Delta variant, and an increase in wages was reported in some regions.

U.S. Posts Record 10.9 Million Job Openings

According to the Bureau of Labor Statistics, the number of job opportunities in the United States reached a new high in July, following a record showing in June. Even as the economy struggles to add jobs back after the pandemic, demand for workers remains strong, a worrying indicator for the labor market’s already sluggish recovery.

At the end of July, there were 10.9 million job openings from a high of 10.1 million at the end of June. Hiring increased as states reopened and Covid-19-related regulations were relaxed. Job creation was most abundant in the previously hardest-hit industries. The industries with the most job opportunities were healthcare, finance, insurance, food services, and lodging.

 In July, over 4 million people, or 2.7 percent, left their jobs, essentially unchanged from June, while the rate of layoffs remained stable at around 1%. With so many job openings, it’s difficult to keep employees. Workers who perceive all of the available options and feel comfortable and confident in resigning their employment to find a better one.

Goldman Sachs, a top-tier investment bank, predicts that the job growth trend will continue.

Learn more about us
Tags: beige bookCovid-19Delta variantFEDfederal reserveFOMCGoldman SachsInterest Rates
TweetShareShareSend
Previous Post

Short Term Gold Outlook Update

Next Post

Swing Trading: Pros & Cons and Types of Swing Trading

Related Posts

Silver’s Momentum Eases as Sell Signals Accumulate
ANALYSIS

Silver’s Momentum Eases as Sell Signals Accumulate

Inflation in Tokyo is at its highest in 40 years
DAILY UPDATES

Inflation Slowed in Japan

Asian stocks fell
DAILY UPDATES

Asian Stocks Fall After Fed

Fed's biggest interest rate hike expected
DAILY UPDATES

Fed Raises Interest Rates in Line With Expectations, Signaling a Continuation of Increases

Big Interest Rate Hike Expected in the UK
DAILY UPDATES

UK Inflation Hit Double Digits by Surprise

Important statements from ECB President Christine Lagarde
DAILY UPDATES

Lagarde: Eurozone Banking Sector is Resilient

Next Post
Swing Trading: Pros & Cons and Types of Swing Trading

Swing Trading: Pros & Cons and Types of Swing Trading

You might also like

CFDs vs Futures: Understanding the Key Differences to Make Informed Trading Decisions

CFDs vs Futures: Understanding the Key Differences to Make Informed Trading Decisions

trading strategy

7 Steps to Create a Successful Trading Strategy

algorithmic trading

A guide to creating a successful algorithmic trading strategy

Algorithmic trading in forex, cfds and indices

Basics of Algorithmic Trading: Concepts and Strategies

FTD Limited offers Introducing Brokers Program

How to become an introducing broker? Learn easy in 4 steps

Psychology of trading plays a vital role in one's trading decisions

Trading Psychology: How to Build a Successful Trading Mind

Recent Posts

  • Silver’s Momentum Eases as Sell Signals Accumulate
  • CFDs vs Futures: Understanding the Key Differences to Make Informed Trading Decisions
  • Core Inflation Increased Downward Potential of USDJPY
  • Inflation Slowed in Japan
  • Federal Reserve Takes Action to Address Banking Sector Issues and Inflation
FTD Limited

The content of the site is presented for informational purposes only not to give any investment advice which mainly focuses on financial instruments such as Forex, Spot Metals, CFDs, and Indices.

MENU

  • DAILY UPDATES
  • MARKETS
  • ANALYSIS
  • ARTICLES

Latest Articles

  • Silver’s Momentum Eases as Sell Signals Accumulate
  • CFDs vs Futures: Understanding the Key Differences to Make Informed Trading Decisions
  • Core Inflation Increased Downward Potential of USDJPY

Subscribe to our newsletter and get notified about the next update.

    © 2021 FTD Limited

    FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.

    The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

    No Result
    View All Result
    • DAILY UPDATES
    • MARKETS
      • Forex
      • CFDs
      • Spot Metals
      • Indices
    • ANALYSIS
      • Fundamental Analysis
      • Technical Analysis
    • ARTICLES

    © 2021 FTD Limited

    FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.

    The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.