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03/04/2026
Apollo's chief economist Thorsten Slok: Artificial intelligence has not yet caused the structural changes that some people have been worried about in the labor market.
Latest
4 m ago
International oil prices soared on the 2nd day.
8 m ago
The US dollar index, which measures the US dollar against six major currencies, rose by 0.38% on the day and closed at 100.024 in the foreign exchange market. At the end of the New York foreign exchange market, 1 euro was exchanged for 1.1544 US dollars, lower than the previous trading day's 1.1607 US dollars; 1 pound sterling was exchanged for 1.3227 US dollars, lower than the previous trading day's 1.3324 US dollars. 1 US dollar was exchanged for 159.34 Japanese yen, higher than the previous trading day's 158.82 Japanese yen; 1 US dollar was exchanged for 0.7984 Swiss francs, higher than the previous trading day's 0.7931 Swiss francs; 1 US dollar was exchanged for 1.3921 Canadian dollars, higher than the previous trading day's 1.3895 Canadian dollars; 1 US dollar was exchanged for 9.4234 Swedish krona, higher than the previous trading day's 9.3935 Swedish krona.
9 m ago
The US Dollar Index rose on the 2nd day.
11 m ago
New York Fed President Williams said that the inflation and employment risks brought about by the rise in energy prices have now reached a "balance," and he leans towards supporting keeping interest rates unchanged. Williams stated: "Monetary policy through our actions last year and our current stance is actually well-prepared to balance these risks, which is exactly what we need to do." Williams also stated that he believes the losses in private credit (non-bank lending sector) will not pose systemic risks, despite some investors in this sector redeeming early. Williams attributed this mainly to the repricing of underlying loans. He said: "I don't think it presents systemic risks to our financial system at this point." and pointed out that policymakers are "closely monitoring" banks' risk exposures. When asked whether some private credit funds could be deemed "too big to fail," he responded: "Absolutely not."
11 m ago
Live cattle futures are approaching a historical high point.
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