United States RealClearMarkets/TIPP Economic Optimism (MoM) above expectations (47.3) in November: Actual (53.2)

Nov 12, 2024

GBP/USD Price Forecast: Dives below 200-day SMA and 1.2800

The Pound Sterling plummets more than 0.60% on Tuesday, after labor market data was mixed, with the Unemployment Rate rising sharply, as the economy added over 220K jobs to the economy, 150K less than in the previous reading.

Fed's Barkin: Inflation may get stuck above Fed target

Federal Reserve (Fed) Bank of Richmond President Tom Barkin noted early during the US market session on Tuesday that while inflation appears to be coming down, it might still get stuck above the Fed's target levels.