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U.S. Manufacturing Index Rises In February
Attachment 42042
U.S. manufacturing activity grew at an accelerated rate in the month of February, according to a report released by the Institute for Supply Management on Monday. The ISM said its manufacturing PMI rose to 60.8 in February from 58.7 in January, with a reading above 50 indicating growth in the manufacturing sector. Economists had expected the index to inch up to 58.8.
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U.S. Consumer Price Growth Matches Estimates In February
Attachment 42151
Consumer prices in the U.S. increased in line with economist estimates in the month of February, according to a report released by the Labor Department on Wednesday. The Labor Department said its consumer price index climbed by 0.4 percent in February after rising by 0.3 percent in January.
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After The FOMC – What’s Next?
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U.S. Consumer Sentiment Improves
Attachment 42634
Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved by more than initially estimated in the month of April. The report showed the consumer sentiment index for April was upwardly revised to 88.3 from a preliminary reading of 86.5. Economists had expected the index to be upwardly revised to 87.5.
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Weekly Fundamental US Dollar Forecast
Attachment 43024
The June Fed meeting is likely to see policymakers moving from ‘potentially talking about discussions about tapering’ to the actual ‘discussions about tapering.’
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U.S. Existing Home Sales: further downside in the month of May
After reporting sharp decreases in U.S. existing home sales over the three previous months, the National Association of Realtors released a report on Tuesday showing existing home sales saw further downside in the month of May.
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U.S. Manufacturing Growth Slows Modestly
Attachment 43134
A report released by the Institute for Supply Management on Thursday showed a modest slowdown in the pace of growth in U.S. manufacturing activity in the month of June. The ISM said its manufacturing PMI slipped to 60.6 in June from 61.2 in May, although a reading above 50 still indicates growth in the manufacturing sector.
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Powell Signals Monetary Policy
Continuing to downplay the risks of inflation, Federal Reserve Chair Jerome Powell's testimony before the House Financial Services Committee on Wednesday seemed to suggest the central bank is not likely to begin tightening monetary policy anytime soon.
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U.S. Housing Starts increased by more than expected
Attachment 43672
New residential construction in the U.S. increased by more than expected in the month of August, according to a report released by the Commerce Department on Tuesday.
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