US Average Hourly Earnings YoY (Mar) Y/Y 3.5% vs. Exp. 3.8% (Prev. 3.8%, Low. 3.6%, High. 3.8%)
The US Average Hourly Earnings came in at 3.5% year-on-year, missing expectations of 3.8% and reflecting a decline from the previous reading.
Turkey is reportedly considering increasing electricity and natural gas prices
Iran's Army says it has targeted the largest aluminium smelting facility in Bahrain, Al Mayadeen reports
US Average Hourly Earnings YoY (Mar) Y/Y 3.5% vs. Exp. 3.8% (Prev. 3.8%, Low. 3.6%, High. 3.8%)
US President Trump posts "With a little more time, we can easily OPEN THE HORMUZ STRAIT, TAKE THE OIL, & MAKE A FORTUNE. IT WOULD BE A “GUSHER” FOR THE WORLD??? President DONALD J. TRUMP"
US President Trump says VP Vance will now be the "fraud czar", and his focus will be on the "Blue States where CROOKED DEMOCRAT POLITICIANS..." and "The numbers are so large that, if successful, we would literally be able to balance our American Budget."
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This miss may signal softer wage growth, potentially influencing the Fed's outlook on inflation and interest rates, which could impact USD strength and market sentiment across various asset classes.
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