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US facing greater risk from inflation than labor market: Fed official
US facing greater risk from inflation than labor market: Fed official
by  AFP

The US continues to face a greater risk from underlying inflation than from any weaknesses in the labor market, despite recent progress, a senior Federal Reserve official said Friday. The Federal Reserve has a dual mandate from Congress to keep both inflation and unemployment under control, and recently began rolling back high interest rates in order to better support the labor market.

US hiring rebounds after slump on hurricanes, strike
US hiring rebounds after slump on hurricanes, strike
by  AFP

The US economy added more jobs than expected last month, government data showed Friday, bouncing back from a dramatic slowdown triggered by hurricanes and labor strikes. Friday's figure "marks only a moderate-sized bounce back" from the strikes and disasters, said Nationwide chief economist Kathy Bostjancic.

EU and S.America countries conclude Mercosur trade deal
EU and S.America countries conclude Mercosur trade deal
by  AFP

The EU and four South American countries have concluded a huge, but controversial trade deal that is opposed by France and many European farmers, European Commission chief Ursula von der Leyen announced on Friday. France's minister for trade, Sophie Primas, said that von der Leyen's announcement "regards only her."

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