The U.S. dollar appreciated against its major counterparts in the European session on Friday, as the nation's job growth accelerated in March, intensifying hopes for a half-point rate hike by the Federal Reserve next month.Data from the Labor Department showed that non-farm payroll employment jumped by 431,000 jobs in March after surging by an upwardly revised 750,000 jobs in February.Economists h...
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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.