Saturday 21 April 2018

Brexit talks and US inflation dominate

A 28-page position paper on Northern Ireland and Ireland published today (Stock)
A 28-page position paper on Northern Ireland and Ireland published today (Stock)
Colm Kelpie

Colm Kelpie

The latest round of Brexit talks between the UK and EU kick off this week, with Irish issues set to be high on the agenda.

Although the papers published by the British in recent weeks are not set to be discussed, issues surrounding the common travel area and the Good Friday Agreement are expected to be thrashed out. The EU is focused on withdrawal issues, not future relations, regardless of a UK bid to move the discussion forward. The talks are scheduled to continue through until Thursday.

Elsewhere, the US reports employment data and a key inflation gauge. US inflation remains below the goal of Federal Reserve policy makers, who are assessing when to next raise interest rates. The number Fed officials will watch carefully is the Commerce Department's price measure that is related to consumption and many components of the consumer price index. That gauge is released on Thursday.

The US labour market probably continued to forge ahead in August, adding jobs and keeping the unemployment rate at a 16-year low of 4.3pc, economists forecast. (Additional reporting Bloomberg)

Irish Independent

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