The uncertainty created by President Donald Trump’s global trade offensive should shave about one percent off the US economy through early next year, according to research from the Federal Reserve. Economists have warned since last year that Trump’s trade battles with China and Europe threaten global economic growth, which has begun to slow. Businesses complain […]
The Fed is done raising interest rates until at least the end of next year, see at least one rate cut by then. The latest results come just days after Wall Street stocks touched record highs in a bounce back from a low at the end of last year, thanks in large part to expectations […]
Source: Thompson Reuters US home sales fell more than expected in March as rising demand stoked by declining mortgage rates and slowing house price inflation continued to be frustrated by a lack of properties, especially in the lower-priced segment of the market. The report from the National Association of Realtors (NAR) on Monday could temper expectations of […]
$EUR FLASH: ECB will maintain current level of rates through the end of Y 2019 and launch new targeted longer-term refinancing operation (TLTRO-III) in September European Central Bank presented a huge set of monetary policy initiatives Thursday that sent economists and analysts on Twitter spinning. Below are some of their quick reactions as the EUR […]
Now the chances of the UK leaving the EU are “50-50’’ if Parliament rejects Prime Minister Theresa May’s withdrawal agreement in January, International Trade Secretary Liam Fox said in an interview Sunday. “If we were not to vote for that, I’m not sure I would give it much more than 50-50,” the veteran campaigner for […]
The Trump Effect: US Trade Deficit Falls on Record Exports, Market Soars $DIA, $SPY, $QQQ, $RUTX, $VXX The US trade deficit fell to a 7-month low in April as exports rose to a record high, lifted by an increase in shipments of industrial materials and soybeans. The US Commerce Department said on Wednesday the trade gap dropped […]
Trump Tax Cuts Driving US Economic Growth The US economy will grow faster later this year and the Fed will raise short-term interest rates at least 3X, according to a survey of economists. They predicted the annual growth rate of the US economy will speed up to 2.8% this year from 2.5% in Y 2017 because […]
Asian Regional Cooperation Fuels Growth Momentum Financial cooperation will bring new growth momentum to Asian countries, given that although there have been visible outcomes in this field, the scale is somewhat limited. “The low-hanging fruit has already been picked in Asian regional cooperation after years of development,” said China’s Vice Finance Minister Shi Yaobin at […]
The Wealth Effect is Bunk, It Never Existed $DIA, $SPY, $QQQ, $VXX The so called “Wealth Effect” has been taken as a core component of monetary policy over the past several years. The world’s Key central bankers (Fed, BOE, ECB, and BOJ) will not admit it, but stock prices are a Key element of their […]
Q-2 US GDP Missed Industry Survey, Economy at Risk The US economy expanded less than forecast in Q-2 after a weak start to the year GDP rose at a 1.2% annualized rate after a grim 0.8% advance in Q-1, US Commerce Department figures showed Friday. The median forecast of economists surveyed by called for an […]
US Jobless Claims Rise, Unemployment Benefits Increased in June $DIA, $SPY, $QQQ, $VXX The number of Americans filing for unemployment benefits rose last week, but remained below a level associated with a healthy labor market. Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 268,000 for the week ended 25 June, the […]
US Jobs Situation Report Damaging, Virtually No Jobs Created in May $DIA, $SPY, $QQQ, $VXX Donald Trump said the surprisingly weak US jobs situation data for May released on Friday was “terrible”, a “bombshell.” “Terrible jobs report just reported. Only 38,000 jobs added. Bombshell!” Trump said in a post on Twitter shortly after the US […]