The US economy is growing, inflation has finally hit the US Federal Reserve’s 2% target, and unemployment is quite low – and at an all-time low for African-Americans and Hispanics. For the first time in memory, there are more job openings listed by US companies than there are unemployed people. Such conditions usually foreshadow rising real (inflation-adjusted) wages, which would indicate that American workers, many of whom were left behind in the anemic post-crisis recovery, might finally reap benefits from the strong economy.
Breaking News
As Rupee Nudges 69, RBI Decides to Sell Dollars to Oil PSUs
The Reserve Bank of India sold as much as $12 billion in May in the spot and forward markets together — the highest ever combined sale of dollars — as foreign fund outflows increased and trade war and interest rate hike fears threatened to drive markets lower.
Breaking News – NSE Asks Clients To Get Ready For Derivative Trading Till 11:55 P.M.
Gold Silver Reports – India’s largest exchange plans to start extended trading subject to approval from the regulator some time in October, it said in an email to clients. The bourse shared a “skeletal framework” for trading till 11.55 p.m.—nearly seven hours more than now.
Breaking News : Chinese Media Revises Report, Says China Yet to Take any Action Against US Tariffs
Gold Silver Reports (GSR) – The earlier report by the China Daily has been revised – The media outlet has now come out to change its earlier report here and say that “China will take action against US tariffs” – implying that retaliatory tariffs are yet to have been slapped on US goods as suggested earlier.
Prime Minister Modi ‘Is Corruption’, Says Rahul Gandhi
Gold Silver Reports (GSR) – Prime Minister Modi ‘Is Corruption’, Says Rahul Gandhi — The opposition will continue to stand together and defeat BJP, said Rahul Gandhi in a press statement. BJP believes every single institution can be trampled upon by them, he said further adding, the party has disrespected the mandate of the people of Karnataka, Goa and Manipur.
BS Yeddyurappa Submits Resignation
Gold Silver Reports (GSR) – BS Yeddyurappa Submits Resignation — BS Yeddyurappa submits his official resignation to Governor Vajubhai Vala, shortly after announcing to step down as the chief minister of Karnataka.
B.S. Yeddyurappa Resigns as Karnataka Chief Minister Ahead of Floor Test
Gold Silver Reports (GSR) – B.S. Yeddyurappa Resigns as Karnataka Chief Minister Ahead of Floor Test — Five days after Karnataka delivered a hung verdict in the Assembly elections, a floor test in the secretariat did not materialise as Chief Minister BS Yeddyurappa submitted his resignation after delivering an emotional speech in the Vidhana Soudha, the state secretariat, on Saturday.
Surgical strike against Naga insurgents along India-Myanmar border
Gold Silver Reports — Surgical strike against Naga insurgents along India-Myanmar border – The Indian Army has conducted a surgical strike against Naga militants along the India-Myanmar border.
Trump Says U.S. Is Ready to Use ‘Devastating’ Force on North Korea
Gold Silver Reports – Trump Says U.S. Is Ready to Use ‘Devastating’ Force on North Korea – President Donald Trump said the U.S. is prepared to use “devastating” military force against North Korea but encouraged the world to work together to end the country’s nuclear program as he imposed new sanctions on the country’s banks.