The U.S. Census Bureau and the Department of Housing and Urban Development reported on Wednesday morning that sales of new homes in October slipped to a seasonally adjusted annual rate of 563,000, a decrease of 1.9% below the revised September rate of 574,000 and an increase of 17.8% compared with the October 2015 rate of 478,000.…
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The U.S. Census Bureau and the Department of Housing and Urban Development reported on Wednesday morning that sales of new homes in October slipped to a seasonally adjusted annual rate of 563,000, a decrease of 1.9% below the revised September rate of 574,000 and an increase of 17.8% compared with the October 2015 rate of 478,000.…
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From Trading Economics: The Reserve Bank of New Zealand lowered its official cash rate by 250 basis points to 1.75 percent to a fresh record low at its October 2016 meeting, as widely expected. Policymakers noted, stronger New Zealand dollar has lowered import prices and kept inflation below the medium term target range of 1 to 3 percent for the past two years.…
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From Trading Economics: The Reserve Bank of New Zealand lowered its official cash rate by 250 basis points to 1.75 percent to a fresh record low at its October 2016 meeting, as widely expected. Policymakers noted, stronger New Zealand dollar has lowered import prices and kept inflation below the medium term target range of 1 to 3 percent for the past two years.…
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The Reserve Bank of Australia (RBA) left interest rates unchanged at 1.5% at its November monetary policy meeting, a decision that was widely expected by financial markets and the vast majority of economists.
“The Bank’s forecasts for output growth and inflation are little changed from those of three months ago.…
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The Reserve Bank of Australia (RBA) left interest rates unchanged at 1.5% at its November monetary policy meeting, a decision that was widely expected by financial markets and the vast majority of economists.
“The Bank’s forecasts for output growth and inflation are little changed from those of three months ago.…
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From Trading Economics: The Reserve Bank of Australia left the cash rate unchanged at a record low of 1.5 percent during the meeting held on September 6th, as expected. While saying that low-interest rates have been supporting domestic demand, policymakers judged inflation would remain quite low for some time.…
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From Trading Economics: The Reserve Bank of Australia left the cash rate unchanged at a record low of 1.5 percent during the meeting held on September 6th, as expected. While saying that low-interest rates have been supporting domestic demand, policymakers judged inflation would remain quite low for some time.…
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Stanley Fischer, the Federal Reserve Vice Chairman said that low interest rates have helped the US economy raise its labor market gains which are in turn being supported by higher wages.
“With unemployment now below 5 percent we’re beginning to see the fruits of a higher-pressure labor market,” Fischer said Tuesday in response to questions following a speech at Howard University in Washington.…
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Stanley Fischer, the Federal Reserve Vice Chairman said that low interest rates have helped the US economy raise its labor market gains which are in turn being supported by higher wages.
“With unemployment now below 5 percent we’re beginning to see the fruits of a higher-pressure labor market,” Fischer said Tuesday in response to questions following a speech at Howard University in Washington.…
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From Trading Economics: The Federal Reserve left the target range for its federal funds rate unchanged at 0.25 percent to 0.5 percent for the sixth time during its September 2016 meeting. Policymakers said that the case for a rate hike has strengthened but decided, for the time being, to wait for further evidence of continued progress toward its objectives.…
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From Trading Economics: The Federal Reserve left the target range for its federal funds rate unchanged at 0.25 percent to 0.5 percent for the sixth time during its September 2016 meeting. Policymakers said that the case for a rate hike has strengthened but decided, for the time being, to wait for further evidence of continued progress toward its objectives.…
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From Trading Economics: The Bank of Japan left the interest rate unchanged at -0.1 percent at its September 2016 meeting but said it would introduce yield curve control to hasten its fight against deflation. Interest Rate in Japan averaged 2.96 percent from 1972 until 2016, reaching an all time high of 9 percent in December of 1973 and a record low of -0.10 percent in January of 2016.…
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News Event
From Trading Economics: The Bank of Japan left the interest rate unchanged at -0.1 percent at its September 2016 meeting but said it would introduce yield curve control to hasten its fight against deflation. Interest Rate in Japan averaged 2.96 percent from 1972 until 2016, reaching an all time high of 9 percent in December of 1973 and a record low of -0.10 percent in January of 2016.…
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Comments made by Richmond Fed President Lacker held implications that the Fed Funds rate should be much higher than it is now. He however said that he was still weighing his options concerning the issue of a September rate increase, further adding that the US economy will need much higher interest rates, unless there is a considerable amount of slowing in job growth.…
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Comments made by Richmond Fed President Lacker held implications that the Fed Funds rate should be much higher than it is now. He however said that he was still weighing his options concerning the issue of a September rate increase, further adding that the US economy will need much higher interest rates, unless there is a considerable amount of slowing in job growth.…
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US inflation data released today showed a slowing in July for the rate of inflation in the US economy, this is a further sign of the favourable price pressures that has weakened the need for an interest rates policy change from the Federal Reserves.…
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US inflation data released today showed a slowing in July for the rate of inflation in the US economy, this is a further sign of the favourable price pressures that has weakened the need for an interest rates policy change from the Federal Reserves.…
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- Rates cut fail to deter NZD growth
- NZD gains high-yielding status
The latest efforts made by the Reserve Bank of New Zealand (RBNZ) to raise inflation and put a leash on its strengthening currency has been countered by a rebellion, with the surging housing market and a healthy economic advancement actively upholding investor confidence in the economy.…
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- Rates cut fail to deter NZD growth
- NZD gains high-yielding status
The latest efforts made by the Reserve Bank of New Zealand (RBNZ) to raise inflation and put a leash on its strengthening currency has been countered by a rebellion, with the surging housing market and a healthy economic advancement actively upholding investor confidence in the economy.…
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