Powell to Talk Up Job Gains, Transitory Inflation in Testimony on Hill
Tuesday, June 22, 2021
© Reuters. By Yasin Ebrahim
Investing.com - Federal Chairman Jerome Powell is expected to talk up the prospect job gains in the coming months, but reiterate that the recent notable increase in inflation will likely prove transitory amid an even economy, according to prepared remarks ahead of his testimony Tuesday for the House Select Subcommittee on Coronavirus Crisis.
"Since we last met, the economy has shown sustained improvement," Powell will say in prepared remarks.
On the labor market job, Powell is expected to say that "job gains should pick up in coming months as vaccinations rise, easing some of the pandemic-related factors currently weighing them down."
"The unemployment rate remained elevated in May at 5.8%, and this figure understates the shortfall in employment, particularly as participation in the labor market has not moved up from the low rates that have prevailed for most of the past year."
Inflation, meanwhile, which has been the subject of much debate has "increased notably" in recent months, but will likely prove transitory, according to Powell's testimony. As "these transitory supply effects abate, inflation is expected to drop back toward our longer-run goal," Powell is expected to say in testimony.
On the overall economy, Powell will acknowledge that indicators of economic activity and employment "have continued to strengthen, and real GDP this year appears to be on track to post its fastest rate of increase in decades," but bely the strength by highlighting that this "rapid growth reflects the continued bounce back in activity from depressed levels."
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01-05-2024 10:45:17 (UTC+7)
EUR/USD
1.0658
-0.0008 (-0.07%)
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Sell (12)
Indicators:
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EUR/USD
1.0658
-0.0008 (-0.07%)
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Indicators:
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GBP/USD
1.2475
-0.0015 (-0.12%)
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USD/JPY
157.91
+0.12 (+0.07%)
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Indicators:
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AUD/USD
0.6469
-0.0003 (-0.05%)
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Indicators:
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USD/CAD
1.3780
+0.0003 (+0.03%)
Summary
↑ BuyMoving Avg:
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Indicators:
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EUR/JPY
168.32
+0.10 (+0.06%)
Summary
↑ BuyMoving Avg:
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Sell (0)
Indicators:
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EUR/CHF
0.9808
+0.0001 (+0.01%)
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Gold Futures
2,295.80
-7.10 (-0.31%)
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Silver Futures
26.677
+0.023 (+0.09%)
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Copper Futures
4.5305
-0.0105 (-0.23%)
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Indicators:
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Crude Oil WTI Futures
81.14
-0.79 (-0.96%)
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Sell (12)
Indicators:
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Brent Oil Futures
85.62
-0.71 (-0.82%)
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Sell (11)
Indicators:
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Natural Gas Futures
1.946
-0.009 (-0.46%)
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Sell (12)
Indicators:
Buy (0)
Sell (5)
US Coffee C Futures
213.73
-13.77 (-6.05%)
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Sell (9)
Indicators:
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Sell (10)
Euro Stoxx 50
4,920.55
-60.54 (-1.22%)
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Sell (8)
Indicators:
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Sell (7)
S&P 500
5,035.69
-80.48 (-1.57%)
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Sell (12)
Indicators:
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Sell (7)
DAX
17,921.95
-196.37 (-1.08%)
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Sell (12)
Indicators:
Buy (1)
Sell (6)
FTSE 100
8,144.13
-2.90 (-0.04%)
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Sell (7)
Indicators:
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Sell (4)
Hang Seng
17,763.03
+16.12 (+0.09%)
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Sell (12)
Indicators:
Buy (1)
Sell (6)
US Small Cap 2000
1,973.05
-42.98 (-2.13%)
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Sell (12)
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IBEX 35
10,854.40
-246.40 (-2.22%)
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Indicators:
Buy (3)
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BASF SE NA O.N.
49.155
+0.100 (+0.20%)
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Buy (0)
Sell (12)
Indicators:
Buy (1)
Sell (7)
Bayer AG NA
27.35
-0.24 (-0.87%)
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Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (8)
Allianz SE VNA O.N.
266.60
+0.30 (+0.11%)
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Sell (12)
Indicators:
Buy (3)
Sell (5)
Adidas AG
226.40
-5.90 (-2.54%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (7)
Deutsche Lufthansa AG
6.714
-0.028 (-0.42%)
Summary
NeutralMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (9)
Sell (1)
Siemens AG Class N
175.90
-1.74 (-0.98%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (9)
Deutsche Bank AG
15.010
-0.094 (-0.62%)
Summary
NeutralMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (6)
Sell (2)
| EUR/USD | 1.0658 | ↑ Sell | |||
| GBP/USD | 1.2475 | ↑ Sell | |||
| USD/JPY | 157.91 | ↑ Buy | |||
| AUD/USD | 0.6469 | Neutral | |||
| USD/CAD | 1.3780 | ↑ Buy | |||
| EUR/JPY | 168.32 | ↑ Buy | |||
| EUR/CHF | 0.9808 | Neutral |
| Gold | 2,295.80 | ↑ Sell | |||
| Silver | 26.677 | ↑ Sell | |||
| Copper | 4.5305 | ↑ Buy | |||
| Crude Oil WTI | 81.14 | ↑ Sell | |||
| Brent Oil | 85.62 | ↑ Sell | |||
| Natural Gas | 1.946 | ↑ Sell | |||
| US Coffee C | 213.73 | ↑ Sell |
| Euro Stoxx 50 | 4,920.55 | ↑ Sell | |||
| S&P 500 | 5,035.69 | ↑ Sell | |||
| DAX | 17,921.95 | ↑ Sell | |||
| FTSE 100 | 8,144.13 | Sell | |||
| Hang Seng | 17,763.03 | ↑ Sell | |||
| Small Cap 2000 | 1,973.05 | ↑ Sell | |||
| IBEX 35 | 10,854.40 | Neutral |
| BASF | 49.155 | ↑ Sell | |||
| Bayer | 27.35 | ↑ Sell | |||
| Allianz | 266.60 | ↑ Sell | |||
| Adidas | 226.40 | ↑ Sell | |||
| Lufthansa | 6.714 | Neutral | |||
| Siemens AG | 175.90 | ↑ Sell | |||
| Deutsche Bank AG | 15.010 | Neutral |
| Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
|---|---|
| SJC Eximbank | 8,300/ 8,500 (8,300/ 8,500) # 1,298 |
| SJC 1L, 10L, 1KG | 8,300/ 8,520 (0/ 0) # 1,510 |
| SJC 1c, 2c, 5c | 7,380/ 7,550 (0/ 0) # 540 |
| SJC 0,5c | 7,380/ 7,560 (0/ 0) # 550 |
| SJC 99,99% | 7,370/ 7,470 (0/ 0) # 460 |
| SJC 99% | 7,196/ 7,396 (0/ 0) # 386 |
| Cập nhật 01-05-2024 10:45:19 | |
| Xem lịch sử giá vàng SJC: nhấn đây! | |
| ↀ Giá vàng thế giới | ||
|---|---|---|
| $2,285.72 | -47.5 | -2.04% |
| ʘ Giá bán lẻ xăng dầu | ||
|---|---|---|
| Sản phẩm | Vùng 1 | Vùng 2 |
| RON 95-V | 25.440 | 25.940 |
| RON 95-III | 24.910 | 25.400 |
| E5 RON 92-II | 23.910 | 24.380 |
| DO 0.05S | 20.710 | 21.120 |
| DO 0,001S-V | 21.320 | 21.740 |
| Dầu hỏa 2-K | 20.680 | 21.090 |
| ↂ Giá dầu thô thế giới | |||
|---|---|---|---|
| WTI | $80.83 | +3.39 | 0.04% |
| Brent | $85.50 | +3.86 | 0.05% |
| $ Tỷ giá Vietcombank | ||
|---|---|---|
| Ngoại tệ | Mua vào | Bán ra |
| USD | 25.088,00 | 25.458,00 |
| EUR | 26.475,36 | 27.949,19 |
| GBP | 30.873,52 | 32.211,36 |
| JPY | 156,74 | 166,02 |
| KRW | 15,92 | 19,31 |
| Cập nhật lúc 10:45:15 01/05/2024 Xem bảng tỷ giá hối đoái | ||
