Your all in one US Forex Station
According to the government’s August report on unemployment, it is indicated that in the last quarter, the private job growth in the US was stronger than initially estimated. In August, private sector created 67,000 vacancies, which was more than the number of 41,000 economists had forecast.
But still, there is another overall loss of 54,000 jobs [...]
Official data indicated that as personal incomes increased by 0.2%, US consumer spending rose by 0.4% in July, slightly ahead of expectations.
However, at the same time, some economists also warned that people need to realize that all the increase in US consumer spending is borrowed against rising house prices.
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A fundamental problem was undoubtedly gnawing at Federal Reserve officials as they gathered on Tuesday for a highly consequential policy meeting.
Before the big shift announced at the end of that meetin, the US central bank’s stance was that mortgage-backed securities held on its balance sheet would be simply allowed to mature, implying a small amount [...]
The prices always fall, and Wall Street seems increasingly confident that they will remain low for years. However, it is not the Federal Reserve that it cut – it is the bond market. The kneeling soft economy has investors press for United States Treasury securities, the prices and yields driven down.
The stampede into bonds is [...]
America’s economic recovery lost momentum between April and June as consumer spending stalled. The disappointing growth figures have triggered the concern of a potential Japan-syle scenario of protracted stagnation.
The world’s biggest economy grew at an annual rate of 2.4% in the second quarter, which was down from a revised 3.7% in the first quarter of [...]