Unemployment
Machine learning model outperforms professional forecasters
The model may uncover new relationships in data that were previously overlooked, researcher says
Fed official downbeat on US labour market
US labour market participation in stark contrast to advanced-economy counterparts, Daly warns
Fed holds rates steady
FOMC points to slowdown in pace of fixed investment
US unemployment remains at lowest level since 1969
Hourly wage growth is at highest rate since 2009, but year-on-year inflation falls to 2%
RBNZ makes major changes to leadership structure
Central bank to be headed by a senior leadership team
US inflation slowdown raises policy challenges
Inflation has seen a lull, but several factors indicate it could rebound
Norges Bank keeps rates unchanged after September hike
Executive board notes higher inflation expectations in Q4
Next policy move will likely be hawkish, RBA says
RBA leaves rates unchanged, saying there is more progress to be made
New Zealand Treasury secretary to attend monetary policy meetings
RBNZ’s amendment bill set to create a permanent observer position for the Treasury
Barkin calls for education to improve labour participation
Addressing disparities is one of the best opportunities to ensure US growth, Barkin says
US growth remains solid in Q3 – Atlanta Fed
Real-time GDP estimation signals 4.4% growth in current quarter
Protectionism main source of uncertainty for global economy – Draghi
ECB keeps rates unchanged and reaffirms QE programme will end in December 2018
Technology shocks unbalance job market – paper
A technology shock that permanently raises productivity leads to unemployment, authors say
Denmark should avoid fiscal stimulus to preserve balanced recovery – central bank
Government should be ready to tighten public spending to prevent the economy from overheating
New Zealand to open next phase of RBNZ act review
Labour government to review case for separating prudential supervision from the central bank
Odds increasing for rate hike at September FOMC meeting
US economy is strong enough to merit a further rate increase, Richmond Fed president says
Long-termism is necessary for a stable future – RBNZ’s Orr
Contemporary societies face challenges demanding focus on sustainable development, says governor
US may be over natural unemployment rate – Atlanta Fed president
Raphael Bostic estimates natural employment “is in the 4.2–4.3% range right now”
Automation of financial services poses problem for labour market
Central bankers fear the labour market may not recover as quickly as during previous technological revolutions
Policymakers should focus on slack even amid uncertainty – Fed paper
“Standard advice” from the literature may be flawed under current conditions, authors warn
Clarida confirmed as Fed vice-chair
US Senate approves appointment with 69 votes in favour, 26 against and four abstentions
Powell warns not all US problems can be solved by Fed
Fed chair implicitly defends monetary policy in face of Trump’s attacks
Senior Fed officials split over the state of US job market
Regional presidents and FOMC members see US under, approaching or beyond full employment
Trump says Federal Reserve should give him ‘some help’
US President says central bank should hold policy rates while he negotiates trade deals