J.P. Morgan Now Expects Two ECB Rate Hikes Amid Inflation Pressures 
Paraguay Central Bank Holds Interest Rate at 5.5% Amid Slowing Growth 
Australia Bans Card Payment Surcharges Starting October 2025 
Goldman Sachs Raises ECB Rate Hike Forecast Amid Persistent Energy-Driven Inflation 
Bank of Japan Holds Rates Steady Amid Inflation Concerns and Yen Weakness 
Global Central Banks Hold Rates Amid Iran War-Driven Energy Price Surge 
Bank of Japan Officials Signal Continued Interest Rate Hikes Amid Inflation Concerns 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
The Federal Reserve's Labor Market Conditions Index (LMCI) increased by 1.6pts in October. The figure supports the last week's U.S. labor market data.
The strong of monthly estimates force to revise the quarterly forecasts. The Q3 figure is revised up by a total of 2.5pts with September, now it is expected a steady gain of 1.3pts.
At an average monthly increment of around 4pts, the index is in good path to recover the labor market losses in around 8 months, says Barclays. The nonfarm payrolls posted a solid growth of 217K in October is far better than expectation. Likewise, unemployment rate is reduced to 5.0%, wage rate posted a solid growth rate of 2.5% year on year. These indicators hints a solid recover in US labor market from the August/September slowdown, notes Barclays.
