U.S. economic growth slows to 1.5% in third quarter amid inventory glut

U.S. economic growth braked sharply in the third quarter as businesses cut back on restocking warehouses to work off an inventory glut, but solid domestic demand could encourage the Federal Reserve to raise interest rates in December. Gross domestic product increased at a 1.5 percent annual rate after expanding at a 3.9 percent clip in the second quarter, the Commerce Department said on Thursday…

Top 10 Weekly Forex Market Headlines – 2.27.2015

1. Ukraine says Russian separatists continue to attack despite cease fire February 23, Ukrainian Prime Minister Arseniy Yatsenyuk said Saturday that his country is not on the verge of collapse and that Russian-backed separatists continue to attack Ukrainian soldiers despite a recent cease fire agreement. “We are very far from a collapse,” Yatsenyuk told Fox […]

Dow Jones industrial average tops 18,000 on strong U.S. growth

NEW YORK (Reuters) – U.S. stocks rose on Tuesday, with the Dow closing above 18,000 for the first time ever and the S&P 500 ending at a record after an unexpectedly strong report on economic growth. The Nasdaq ended modestly lower, pressured by the biggest selloff in biotech names in many months, while trading was light ahead of…

Final third-quarter U.S. GDP at 5.0%, strongest in 11 years

WASHINGTON (Reuters) – The U.S. economy grew at a 5.0 percent clip in the third quarter, its quickest pace in 11 years and the strongest sign yet that growth has decisively shifted into higher gear. Some of the strength appears to have been sustained, with other data on Tuesday showing consumer spending rising solidly in November…

Top 10 Weekly Forex Market Headlines – 10.17.2014

1. Putin orders withdrawal of Russian troops from Ukrainian border October 13, Russian President Vladimir Putin has ordered thousands of troops stationed near the Ukrainian border to return to their bases, Russian media report. Mr Putin’s spokesman said about 17,600 soldiers on training exercises in the Rostov region would be pulled back. Russia has previously […]

U.S. consumer spending, personal incomes rise in August

WASHINGTON—Steady consumer spending and income gains have put the U.S. economy on track for solid growth in the third quarter. Household outlays rose a seasonally adjusted 0.5% in August from the prior month, rebounding from a flat reading in July, the Commerce Department said Monday…

Top 10 Weekly Forex Market Headlines – 09.19.2014

1. Investors shift focus to ‘Great Stagnation’ fears September 22, Scotland’s rejection of independence and a lack of any fireworks at a Fed meeting last week have calmed investors enough to shift the focus back to what some call the “Great Stagnation”, and how to avoid it. The Group of 20 leading nations, meeting at […]

Top 10 Weekly Forex Market Headlines – 08.15.2014

1. Ukraine, Iraq conflicts threaten euro zone fragile economy August 11, Investors will gauge the strength of the euro zone’s fragile economy this week as escalating conflicts in Ukraine and Iraq darken the mood globally. In stark contrast to the United States and Britain, which are growing strongly, economic output in the euro bloc is […]

U.S. wholesale inventories rise 0.3% in June, sales slip to 0.2%

(Reuters) – U.S. wholesale inventories rose less than expected in June, which could have an impact on the growth estimate for the second-quarter. The Commerce Department said on Friday wholesale inventories increased 0.3 percent after a downwardly revised…

U.S. nonfarm productivity rises to 2.5% in Q2 after Q1 slump

(Reuters) – U.S. nonfarm productivity rebounded more strongly than expected in the second quarter, putting a lid on wage pressures and giving the Federal Reserve room to keep interest rates low for a while. The Labor Department said on Friday productivity increased at a 2.5 percent…

Fed cuts another $10 billion, offers no hint on first rate hike

NEW YORK (CNNMoney) The U.S. economy is strengthening but the Federal Reserve remains in cruise control. The Fed decided to once again reduce its monthly bond purchases by $10 billion, as expected. The central bank has been gradually reducing, or tapering, its monthly bond purchases since January. It will now buy just $25 billion a […]

U.S. trade deficit shrinks 5.6% to $44.39 billion in May

WASHINGTON—The U.S. trade deficit narrowed in May, reflecting resurgent demand for American products overseas and fewer barrels of oil flowing into the country. But trade will likely remain a headwind to U.S. economic growth in the second quarter…

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