A report released by the Commerce Department on Monday showed business inventories in the U.S. increased by more than expected in the month of January. The Commerce Department said business inventories climbed by 0.8 percent in January, matching the upwardly revised increase in the previous month. more...
The Bureau of Economic Analysis decreased December quarter’s GDP growth estimate from 2.6% to 2.2%. The GDP’s growth rate has now declined 200 basis points from 4.2% in the June quarter. more...
European Central Bank President Mario Draghi said on Wednesday that the bank's monetary policy stance remained accommodative in the face of weaker growth outlook for the euro area and that the weakness in external demand is unlikely to be severe. Speaking at the ECB Watchers conference in c said, "We are now seeing a more persistent deterioration of external demand." more...
European Central Bank President Mario Draghi said on Wednesday that the bank's monetary policy stance remained accommodative in the face of weaker growth outlook for the euro area. more...
The Euro is back to testing resistance guiding it lower against he US Dollar since January 2018, a barrier reinforced by the top of a choppy channel in play over the past two months. Another rejection might open the door for the next leg in the single currency’s slow downward grind while a break higher has might set the stage for a significant medium-term trend reversal. more...
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