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👤Nurudeen Amedu
🕔September 16, 2016
The Federal Reserve board revealed yesterday that the US total industrial production dropped 0.4% lower for the month of August. This is on the trail of a 0.6% growth in July, which was an unrevised 0.7%. The figure was marginally lower than the 0.3% slump analysts had anticipated according to a survey conducted by Thomson Reuters.…
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0.2% Fall Reported for US Import Prices
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👤Lisa Harris
🕔September 14, 2016
There was a slump in US import prices for the first time in the last 6 months fuelled by the current trend of falling food prices and petroleum costs, hinting at a weak outlook for the US inflation rate. This turn of events could raise the chances of rates being kept steady by the Federal Reserve next week.…
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👤Nurudeen Amedu
🕔August 27, 2016
The price of Gold futures witnessed its biggest weekly fall in more than one month, as investors analysed the comments made by Janet Yellen in her speech at the Jackson Hole economic symposium and some other comments made by top Federal Reserve officials concerning the likelihood of an interest rates hike.…
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👤Lisa Harris
🕔August 1, 2016
- Matt Smith predicts again
- Oil Storages are reportedly brimming with supplies
Crude oil has returned under $40 per barrel after its worst month in this year. The US grade of crude oil used to benchmark oil prices, the West Texas Intermediate crude oil futures fell by 16% in July, as the inventories remain unreasonably high.…
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