2023-10-09 13:33:04 Dallas Federal Reserve Bank President John Logan said the recent spike in long-term U.S. bond yields could reduce the need for the Fed to raise interest rates further. The president gave a speech at the National Association of Business Economists (NABE) conference held in Dallas on the 9th. According to the manuscript distributed … Read more
2023-10-06 17:33:00 The Federal Open Market Committee (FOMC) is likely to be inclined to raise interest rates again by the end of the year, as the number of non-farm employees in the US employment report was significantly higher than expected. The number of employees in September increased by 336,000 from the previous month, and the … Read more
2023-09-28 12:39:59 According to the final statistics on the US real gross domestic product (GDP) for the April-June period (second quarter), growth in personal consumption has been revised downward to almost half of the revised figure. This mainly reflected a slowdown in spending on services. Key points U.S. consumer spending is set to increase at … Read more
2023-09-21 17:05:00 Former U.S. Treasury Secretary Summers said policymakers were too optimistic about the latest economic forecasts from the Federal Open Market Committee (FOMC). He expressed caution that both inflation and growth may slow faster than officials expected. Summers said in an interview on Bloomberg Television’s “Wall Street Week” that the U.S. Federal Reserve is … Read more
2023-09-13 14:58:53 According to the US Consumer Price Index (CPI) statistics for August, the core index excluding food and energy increased more than expected from the previous month, leaving room for further interest rate hikes by the US Financial Authority. US core CPI accelerates month-on-month for the first time in six months in August – … Read more
2023-09-01 19:20:00 A slowdown in the U.S. job market gives the Fed room to hold off rate hikes at this month’s Federal Open Market Committee (FOMC) meeting. The Bureau of Labor Statistics announced on the 1st that non-farm payrolls (business establishment survey, seasonally adjusted) increased by 187,000 in August from the previous month. Employment figures … Read more
2023-09-01 15:37:00 Cleveland Federal Reserve Bank President Loretta Mester said inflation in the United States, despite recent improvements, was still too high. He also acknowledged that the labor market remains strong. The governor spoke at a conference hosted by the Cleveland Federal Reserve Bank and the European Central Bank (ECB) on the 1st. Policymakers should … Read more
2023-08-30 12:35:41 The US Real Gross Domestic Product (GDP) revision for April-June (second quarter) has been revised downward from the preliminary figures. Although private consumption was revised upward, the downward revision of capital investment affected the overall figures. Key point U.S. real gross domestic product (GDP) revised at an annual rate of 2.1% quarter-on-quarter Revised … Read more