The U.S. dollar moved up against its major peers in the European session on Friday, as the nation's job growth accelerated in January, cementing expectations for a rate hike by the Federal Reserve in March.Data from the Labor Department showed that U.S. employment increased much more than expected in the month of January.The Labor Department said employment jumped by 467,000 jobs in January compar...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.