ECB to hold meeting tonight

Sep 02, 2015 21:50 pm UTC| Commentary Central Banks

The ECB meets tonight after an eventful summer with turmoil in EM, collapsing inflation expectations and continued uncertainty in Greece. Last week, Praet warned that developments in the world economy and in commodity...

UK construction PMI was broadly neutral

Sep 02, 2015 21:32 pm UTC| Commentary

UK construction PMI was broadly neutral, rising 0.2 points to 57.3 but coming in 0.2pts below expectations of 57.5. With 6% of total UK output, the importance of construction activity is rather limited. More important to...

Latest Beige Book signals that US economic activity continues to expand, driven by domestic spending

Sep 02, 2015 21:27 pm UTC| Commentary

All twelve Fed Districts expanded over the July to mid-August period, according to the latest Beige Book. Six Districts reported a moderate pace of growth (down from seven previously), five reported modest growth (three in...

US factory orders rose only 0.4% in July

Sep 02, 2015 20:59 pm UTC| Commentary Economy

US factory orders rose only 0.4% in July, after a 2.2% bounce in June, disappointing the consensus estimate of 0.9%. Low oil prices were a factor. Private sector employment (ADP) rose 190k, slightly less than the 200k...

US job creation expected to quicken in August

Sep 02, 2015 20:54 pm UTC| Commentary Economy

The BLS is expected to report that hiring activity reaccelerated in August. Government statisticians are likely to report that non-agricultural concerns added 250,000 net new workers last month, eclipsing the 235,000...

US economy is still in a middle phase of the business cycle

Sep 02, 2015 20:42 pm UTC| Commentary Economy

With profit margins still hovering near cyclical highs, it is fair to say that the US economy is still in a middle phase of the business cycle. The late-cycle dynamic is generally characterized by acceleration in wage...

US September Beige Book reports continued economic growth

Sep 02, 2015 20:20 pm UTC| Commentary

The Federal Reserves Beige Book, which contains an assessment of economic conditions from the 12 Federal Reserve districts through August 24, reported that regional business contacts experienced continued economic growth...