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👤Arthur Greene
🕔August 23, 2016
Data released for new US single-family home sales surprisingly soared in July, as it reached its highest level in almost 9 years surrounded by a very healthy demand, this was a major uptick for the housing market outlook as it also promoted the idea that there will be an upswing in economic growth in the third quarter.…
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👤Nurudeen Amedu
🕔August 22, 2016
Major uptick perceptions are being shown by one of the Fed’s top policy makers who has recently revealed that the Federal Reserve is on the verge of meeting both its targets for the US Economy. Stanley Fischer, the vice-chairman of the Federal Reserve’s Board of Governors, stated that core inflation was now within “hailing distance” of the central bank’s target of 2%, with employment in the US also rising “impressively” since its struggle in 2010.…
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👤Lisa Harris
🕔August 20, 2016
- US demand for gasoline at fresh record highs
- EIA reports a drop in US crude stock
Inventory data released by the US Energy department last week revealed a major slump in US Crude stockpiles. The release also showed a further decline in gasoline inventories as they dropped from the level reported in the previous week, with a surprising soar in distillate stocks.…
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👤Arthur Greene
🕔August 19, 2016
U.S. stocks slipped slightly in a rather dull Friday market, as investor expectations of a Federal Reserve rate increase in the near future climbed higher. The Dow Jones Industrial Average fell by about 46 points, or 0.3%, to stand at 18552 and the S&P 500 declined by 0.2% towards the evening trading hours.…
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👤Xinyang
🕔August 19, 2016
Trading Economics: The number of Americans filing for unemployment benefits decreased by 4,000 to 262,000 in the week ended August 13th 2016. It is the lowest figure in four weeks and better than market expectations of 265,000. It marks the 76th consecutive week initial claims are below 300,000, the longest streak since 1970 and signalling the labour market strength.…
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👤Lisa Harris
🕔August 16, 2016
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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👤Xinyang
🕔August 14, 2016
Consumer sentiment for the United States came in at 90.4 in August 2016 from 90 in July but well below market expectations of 91.5, preliminary figures showed. Consumer expectations improved firmly while current conditions deteriorated. Consumer Confidence in the United States averaged 85.92 from 1952 until 2016, reaching an all-time high of 111.40 in January of 2000 and a record low of 51.70 in May of 1980.…
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US Retail Sales Unchanged
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👤Xinyang
🕔August 14, 2016
Following an upwardly revised 0.8 percent gain in the previous period and below market expectations of 0.4 percent rise, retail sales in the US showed no growth in July from June 2016, Automobile, furniture and online sales were bright spots in July.…
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👤Lisa Harris
🕔August 12, 2016
US Consumer confidence in the US climbed higher in August at a slower rate than forecasted, this showed a decrease in the personal finances of younger Americans. The University of Michigan’s preliminary index of sentiment rose to 90.4 from a 3 month low of 90 in July, according to a report on Friday, the average report estimated by a Bloomberg survey forecasted a reading of 91.5, as a value in the range of 89 to 93.1 was also widely anticipated by traders.…
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👤Arthur Greene
🕔August 12, 2016
All 3 major stock indices have hit record highs for the first time since 1999. Wall street stocks closed at a record high on Thursday as surging oil prices and healthy earnings report from department stores Kohl’s and Macy’s brightened investor sentiment.…
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Fischer’s Fed Comments Raise Hope for the USD
👤Nurudeen Amedu 🕔August 22, 2016Major uptick perceptions are being shown by one of the Fed’s top policy makers who has recently revealed that the Federal Reserve is on the verge of meeting both its targets for the US Economy. Stanley Fischer, the vice-chairman of the Federal Reserve’s Board of Governors, stated that core inflation was now within “hailing distance” of the central bank’s target of 2%, with employment in the US also rising “impressively” since its struggle in 2010.…
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