U.S. economic data have disappointed over the past month. Industrial and export data indicate a slowdown and retail sales and employment growth have also eased. While long the bright spot in a weak global economy, the US…
U.S. economic data have disappointed over the past month. Industrial and export data indicate a slowdown and retail sales and employment growth have also eased.
While long the bright spot in a weak global economy, the US has dimmed of late. Nevertheless, the US slowdown comes from a position of strength and so is not particularly alarming at this time.
"However, we do expect slower growth to cause the Federal Reserve to postpone its first rate hike. We are now pencilling in the first rate hike for Q1 16 rather than December this year - albeit the latest Fed statement was more hawkish than what we had expected", says Danske Bank.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
