Fri, 07 May 2021

WASHINGTON -- U.S. Federal Reserve Chairman Jerome Powell said on Monday that the U.S. economy is "not out of the woods yet", particularly with a slower recovery for low-wage and minority workers.

"While the recovery is gathering strength, it has been slower for those in lower-paid jobs," Powell said at a virtual event sponsored by the National Community Reinvestment Coalition. (U.S.-Fed)

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WELLINGTON -- Home transfers in the March 2021 quarter were up by one-third compared with the same period last year, New Zealand statistics department Stats NZ said on Tuesday.

There were 44,586 home transfers in the March 2021 quarter, down from the high of 51,504 seen in the December 2020 quarter but still up 34 percent compared with the same period last year, Stats NZ said. (New Zealand-Home Transfer)

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NEW YORK -- The U.S. dollar moved lower in late trading on Monday after data showed the April U.S. manufacturing index missed expectations.

The dollar index, which measures the greenback against six major peers, slipped 0.37 percent at 90.9487. (U.S.-Dollar index)

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SANTIAGO -- Chile's economy grew 6.4 percent in March compared to the same month of 2020, exceeding government expectations, the Central Bank of Chile reported Monday.

According to the bank's Monthly Economic Activity Index (Imacec) released earlier in the day, all components of the indicator saw growth, with services and trade outperforming other sectors. (Chile-Economy)

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