Macroeconomic review. Business and inflation: United States, Euro area, and Russia USA
1. Nonfarm Payrolls grew by 642 thousand in June, after growth by 886 thousand in May.
2. Jobless Claims number was 364 thousand in the previous week, after 415 thousand a week earlier.
3. Core PCE Price Index increased 3.9% in May, after 3.6% growth in June.
Macroeconomic review: Federal Reserve’s policy implications
Since early 2020, Federal Reserve has pursued Quantitative Easing (QE) policy, that is, it purchases mortgage bonds and Government bonds expanding its balance sheet. Federal Reserve’s policy has critical ...