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Next Week News

This is a discussion on Next Week News within the Analytics and News forums, part of the Trading Forum category; Reflecting a sharp pullback in prices for fuel imports, the Labor Department released a report on Friday showing U.S. import ...

      
   
  1. #311
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    U.S. Import Prices fell by more than expected

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    Reflecting a sharp pullback in prices for fuel imports, the Labor Department released a report on Friday showing U.S. import prices fell by more than expected in the month of July.

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    New York Manufacturing Index

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    New York manufacturing activity has unexpectedly seen a substantial contraction in the month of August, according to a report released by the Federal Reserve Bank of New York on Monday. The New York Fed said its general business conditions index plummeted to a negative 31.3 in August from a positive 11.1 in July.

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    The Australian economy lost 40,900 jobs in July

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    The Australian economy lost 40,900 jobs in July, the Australian Bureau of Statistics said on Thursday - well shy of forecasts that called for an addition of 25,000 jobs following the gain of 88,400 jobs in June.

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    Fed Chair Powell Warns Of 'Some Pain' From Higher Interest Rates

    In highly anticipated remarks at the Jackson Hole economic symposium on Friday, Federal Reserve Chair Jerome Powell acknowledged the central bank's efforts to combat inflation will cause "some pain" but argued a failure to restore price stability would mean "far greater pain."

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    Labor Market Still Strong

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    For months now, Jerome Powell and the Federal Reserve have been raising interest rates in the hope of slowing the job market.

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    U.S. Homebuilder Confidence Slumps To Eight-Year Low In September

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    Homebuilder confidence in the U.S. declined for the ninth consecutive month in September, according to a report released by the National Association of Home Builders on Monday. The report showed the NAHB/Wells Fargo Housing Market Index slid to 46 in September from 49 in August. Economists had expected the index to edge down to 48.

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    Swiss Govt Lowers GDP Forecast Amid Energy Price Pressures

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    Switzerland's economy is expected to grow less than previously estimated this year and next, as the economic prospects are hampered by a tense energy situation and sharp price increases, especially in Europe.

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