US FOMC Interest Rate | December 13, 2017 | Fed Decision Analysis

US FOMC Interest Rate decision is once again the primary focus of the week and with the end of the year approaching, this is the last meeting for the Fed and it is planning to go out with a bang by hiking rates once more. Although this rate action has been highly anticipated, the effects of […]

Growth in Developed Economies Slowed in Third Quarter, OECD Says

Economic growth in developed countries slowed in the three months to September, but remains on course for a pickup in 2017 overall. The Organization for Economic Cooperation and Development said Monday the combined economic output of its 35 members was 0.6% higher in the third quarter than in the three months through June. This was a slowdown from the 0.8% growth recorded in the second quarter…

UK full-time employment drops, job vacancies also decline

Signs that Britain’s long employment boom has come to an end emerged yesterday as official figures showed a drop in the number of people in work, a fall in full-time employment and a decline in the number of job vacancies. After a record-breaking run, the The Office for National Statistics (ONS) reported the first fall in employment since the immediate aftermath of last year’s Brexit vote…

U.S. unemployment rate drops to 4.1% but wages flat

The US economy bounced back in October from a dramatic slump in hiring in the wake of two devastating hurricanes, the labor department announced on Friday. The US added 261,000 new jobs and the unemployment rate ticked down to 4.1%. In September the US shed 30,000 jobs – the first loss in seven years – as hurricanes Harvey and Irma held back hiring in Texas and Florida. The leisure and hospitality industry was hardest hit by the hurricanes in September, shedding 111,000 jobs…

U.S. jobless claims near 44-1/2-year low; productivity accelerates

WASHINGTON (Reuters) – U.S. worker productivity increased at its fastest pace in three years in the third quarter but the trend remained moderate, suggesting that a recent acceleration in economic growth was unlikely to be sustained. Other data on Thursday showed the number of people filing for unemployment benefits fell to a near 44-1/2-year low last week, offering further evidence that the labor market was tightening despite hurricane-related disruptions in September…

U.S. pending home sales unchanged in September

WASHINGTON (Reuters) – Contracts to buy previously owned homes were flat in September and activity declined on an annual basis for the fifth time in the last six months as demand for properties continued to exceed supply. The National Association of Realtors said on Thursday its Pending Home Sales Index, based on contracts signed last month, was unchanged with a reading of 106.0. August’s index was revised lower…

U.S. new home sales surge 18.9% in September

WASHINGTON (Reuters) – Sales of new U.S. single-family homes unexpectedly rose in September, hitting their highest level in nearly 10 years, offering hope that the housing market was regaining speed after appearing to stall recent months. The Commerce Department said on Wednesday new home sales surged 18.9 percent to a seasonally adjusted annual rate of 667,000 units last month amid an increase in all four regions…

UK interest rate expected to rise as economy grew by 0.4% in third quarter

British consumers are being put on notice for a rate hike from next week, as official figures show the economy expanding faster than anticipated in the three months to September. GDP grew by 0.4% in the third quarter of 2017 following expansion of 0.3% in the three months to June, according to the Office for National Statistics. City economists had forecast growth of 0.3%. The official figures come as the Bank of England prepares to hike interest rates for the first time in a decade, with the monetary policy committee likely to take them into account ahead of its decision on 2 November…

U.S. durable goods climb, new home sales jump to near 10-year high

WASHINGTON (Reuters) – New orders for key U.S.-made capital goods increased more than expected in September and shipments rose for an eighth straight month, pointing to robust business spending that should help to mitigate the impact on the economy from the hurricanes. Other data on Wednesday showed new single-family home sales vaulting to a near 10-year high last month…

After Irma, Harvey: U.S. existing home sales rebound in September

WASHINGTON (Reuters) – U.S. home resales unexpectedly increased in September as the effects of Hurricanes Harvey and Irma began to dissipate, but a persistent dearth of properties for sale continued to weigh on overall activity. The National Association of Realtors said on Friday existing home sales rose 0.7 percent to a seasonally adjusted annual rate of 5.39 million units last month. August’s sales pace was unrevised…

U.S. jobless claims hit more than 44-year low

WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits dropped to its lowest level in more than 44 years last week, pointing to a rebound in job growth after a hurricane-related decline in employment in September. The labor market outlook was also bolstered by another report on Thursday showing a measure of factory employment in the mid-Atlantic region rising to a record high in October. The signs of labor market strength could cement expectations that the Federal Reserve will raise interest rates in December…

UK inflation expected to hit 5-year high in September, experts predict

UK inflation is expected to hit a five-year high this week, outstripping growth in pay packets and putting renewed pressure on the Bank of England to raise interest rates. City economists forecast that the consumer price index (CPI) will be shown to have risen to 3% in September, up from 2.9% a month earlier, its highest level since 2012…

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