Tag: Fed

Again to Work: Fed May Face Extra Strain After October’s Sturdy Jobs Knowledge

At present’s October introduced a way of déjà vu with its headline development variety of 261,000. Although September’s knowledge acquired revised upward immediately, that quantity initially got here in at 263,000, so general, hiring stays sturdy.  Nonetheless, the...

Atlanta Fed GDPNow index rises to 3.6% from 2.6% last

The model for 4Q growth in the US from the Atlanta Fed showed a sharp jump to 3.6% from 2.6% on November 1. The GDPNow model estimate for real GDP growth (seasonally adjusted...

ISM Services PMI Misses Expectations, Market’s Focus Shifts to NFP Data for Fed Clues

ISM SERVICES PMI KEY POINTS:ISM services PMI falls to 54.4 in October from 56.7 in the previous month, disappointing expectations calling for a more modest pullback to 55.5Survey’s results suggest the U.S. economy...

Wall Street Closes Lower as Fed Strikes Hawkish Tone

As expected, the Federal Reserve increased interest rates by...

EUR/USD Heads Lower, ECB Can’t Match Fed Firepower

EUR/USD, US Federal Reserve, European Central Bank—Talking PointsThe Euro has weakened further as markets re-price US rate risesThe single currency lacks both monetary and fundamental supportIts technical downtrend looks solid too Recommended by ...

Gold Hammered as Fed Chair Powell’s Commentary Sends US Treasury Yields Soaring

Gold Price (XAU/USD), Chart, and AnalysisThe yield on the UST 2-year spiked to over 5.13% before falling back.Gold will continue to test prior support. Recommended by ...

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