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Yesterday, 1 described in the United States.The quarterly growth rate was revised downwards according to previous calculations, while some fed/FOMC members ' speeches after data will be followed. St. George'sLouis Fed Chairman James Bullard: rapid interest rates will harm the economy, while Atlanta Fed Chairman Raphael Bostic: trade Wars concern, the rapid increase in interest rates can cause the goal to be exceeded, he warned. The leading CPI figures announced in Germany yesterday mostly fell b…
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EURusd overview
Today Mario Draghi, President of the European Central Bank, said that they needed monetary expansion and that they needed to be patient for the first interest rate hike. On the other hand, the failure of German coalition partners to agree on the issue of immigrants is one of the key issues that put pressure on euro assets as well as the question of whether the coalition is deteriorating on the market side. In addition, economically problematic countries such as Italy and Spain are among the fact…
EURusd overview
The Fed's announcement after Federal Open Market Committee(FOMC) meetings pointed to a more “falsehood” stance in the current year and inflation projections, but the end of expectations and yesterday's European Central Bank(ECB) meeting due to the end of the morning hours of rising on the parite side due to expectations. In the ECB decisions, all interest rates were fixed, while the asset purchase program was announced as 30 billion euros until the end of September and as 15 billion euros betwee…
Today's US economy overview
Today’s US reports had a limited impact on financial markets. Jobless claims dropped more-than-expected to 238K, while factory orders rose 0.2% (below the 0.4% expected). The key data of the week will be released tomorrow: the Non-farm payroll report. The latest economic numbers from the US offered some support to the USD against the yen. Yesterday, the Federal Reserve, as expected, left interest rate unchanged. In the statement, the central bank said that the slowdown during the first quarter i…
Look for a jump in US unemployment on technicalities of
The BLS is out with a technical note regarding the upcoming non-farm payrolls report, due November 8.
This part on the household survey caught my eye:
Workers who indicate that they were not working during the entire survey reference week and expected to be recalled to their jobs should be classified in the household survey as unemployed, on temporary layoff. This would include furloughed federal employees as well as other affected workers. These workers are classified this way regardless of whe…
This part on the household survey caught my eye:
Workers who indicate that they were not working during the entire survey reference week and expected to be recalled to their jobs should be classified in the household survey as unemployed, on temporary layoff. This would include furloughed federal employees as well as other affected workers. These workers are classified this way regardless of whe…
Can Global Youth Unemployment Lead to WWIII?
I read an article in Wall Street Journal about Pope Francis visiting Brazil and addressing youth unemployment. Pope called upon leaders to serve the poor and it is certainly true for any form of leadership. Recently, the International Labor Organization (ILO) published a damning report on global youth unemployment earlier this year, highlighting that in the global labor market 75 million youth are unemployed. It just concerns me that with increased globalisation, and manufacturing in the West b…
Growth....a revised, revised approach?
The Office for National Statistics in the UK announced that second quarter growth showed an increase of 0.6% - the best growth figures since mid-2010. BUT, what does this growth figure actually mean to the wider population? The answer is very little. With other closely scrutinized numbers such as unemployment stats, and inflation figures, at least there is a relevance to peoples’ daily lives, but what about GDP?? The breakdown of this figure is where the real interest lies. The services side …