Negative Correlation Hits Pre-Pandemic Levels
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PrePandemic
US Adds 431K Jobs in March, as Unemployment Rate Nears Pre-Pandemic Level
The U.S. economy is still scrambling with a labor shortage as a result of the pandemic, which left 10.9 million jobs vacant at the end of 2021. But the employment situation summary signals a strong recovery from pandemic levels as the labor market continues to add jobs. Just before COVID-19
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Bank of England Raises Interest Rates Back to Pre-Pandemic Level of 0.75%
The policy statement, however, leaned dovish, suggesting consensus expectations for the central bank to bring its Bank Rate to 2% by year-end might have gotten ahead themselves. "Some further modest tightening might be appropriate in the coming months, but there were risks on both sides of that judgement depending on
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