U.S. nonfarm payrolls added 311,000 more workers last month as the unemployment rate edged up from 3.4 percent to 3.6 percent because more people ages 25 to 54 were actively looking for work, the Bureau of Labor Statistics reported.
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MEXICO’S CURRENCY IS YEAR’S TOP PERFORMER
The Mexican peso has gained 8.5 percent this year as of last week and was trading at less than 18 to the dollar, making it this year’s top-performing currency, according to the Financial Times.
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THE FED’S DEBATE: HOW BIG A RATE HIKE?
Analysts had been leaning toward the idea that the U.S. Federal Reserve would raise its key federal funds interest rate a half point at next week’s meeting to tamp down a jobs market that added a surprising 311,000 jobs in February as more people returned to the labor market.
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U.S. YIELD INVERSION SETS 42-YEAR RECORD. IS RECESSION IMMINENT?
After U.S. Federal Reserve chair Jerome Powell testified before Congress last week, the U.S. yield curve reached its deepest inversion since 1981.
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BOND MARKETS BRACE FOR GLOBALLY HIGHER INTEREST RATES
Bond markets began the year betting that the world’s central banks would soon pause their campaigns of interest rate hikes and begin cutting their rates later this year.
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WORRIED ABOUT COVID? ‘UNPRECEDENTED LEVELS’ OF PLASTIC POLLUTION IN WORLD’S OCEANS
A recently published study found that the plastic level in the world’s oceans has reached “unprecedented levels,” and there is an estimated 170 trillion pieces of plastic floating at sea level.
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U.S. CHALLENGES MEXICO’S IMPORT BAN OF ZOMBIE CORN
The U.S. upped the ante in its row with Mexico over genetically modified corn imports and requested formal consultations with Mexico for allegedly disregarding the 2020 U.S.-Mexico-Canada Trade Agreement.
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‘EXTREMELY IRRESPONSIBLE’: CHINA CONDEMNS JAPAN FOR PLANNED RELEASE OF FUKUSHIMA NUCLEAR-CONTAMINATED WATER
Japan’s plan to release “treated” radioactive wastewater from the Fukushima Daiichi nuclear power plant badly damaged in an earthquake 12 years ago is “extremely irresponsible,” Mao Ning, the Chinese Foreign Ministry spokeswoman, said.
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EX-CDC HEAD: COVID ORIGIN DEBATE ‘SQUASHED’ BY FAUCI
Dr. Robert Redfield, the former head of the U.S. Centers for Disease Control and Prevention, said any discussion about the COVID-19 virus leaking from a laboratory was quickly “sidelined” by top U.S. health officials like Dr. Anthony Fauci, the former head of the National Institute of Allergy and Infectious Diseases.
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TOP TREND 2023, NEW POLITICAL PARTIES: AUSTRIA SEES RISE OF ‘FAR-RIGHT’ PARTY AFTER DISASTROUS COVID-19 MANDATE, UKRAINE WAR
Austria, which was the first Western country to enforce a COVID-19 vaccine mandate for adults, has seen the emergence of a political party that has been growing in popularity based, in part, on its opposition to the old mandates.