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With manufacturing output falling for the first time since January, the Federal Reserve released a report on Monday showing that U.S. industrial production unexpectedly decreased in the month of August. The report said industrial production edged down by 0.1 percent in August after inching up by a downwardly revised 0.2 percent in July. The modest drop came as a surprise to economists, who had expected production to climb by 0.3 percent compared to the 0.4 percent increase ...
- U.S. Advance Retail Sales to Increase for the Sixth Time in 2014. - Rise of 0.6% Would Match Fastest Rate of Growth Since April. Trading the News: U.S. Advance Retail Sales The EUR/USD may face a further decline over the next 24-hours of trade should the U.S. Retail Sales report prop up interest rate expectations for the reserve currency. What’s Expected: Why Is This ...
- RBNZ Expected to Retain Current Policy Amid Period of ‘Interest Rate Stability’. - Will RBNZ Governor Graeme Wheeler Remove the Verbal Intervention on Kiwi? Trading the News: Reserve Bank of New Zealand (RBNZ) Rate Decision According to a Bloomberg News survey, all of the 13 economist polled see the Reserve Bank of New Zealand (RBNZ) keeping the interest rate on hold at 3.50%, but the fresh batch of central bank rhetoric may produce increased volatility in the NZD/USD ...
The global economic growth is likely to be slightly above 3 percent this year in the face of geopolitical risks, International Monetary Fund Chief Christine Lagarde said in an interview with the French daily Les Echos. The growth is likely to be between 3 and 3.5 percent, she said. Growth is uneven as some countries started growing faster than others. The IMF is set to release its next World Economic Outlook in October. Earlier ...
Employment in the U.S. increased by much less than expected in the month of August, according to a report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment increased by 142,000 jobs in August compared to economist estimate for the addition of about 225,000 jobs. Despite the weaker than expected job growth, the unemployment rate edged down to 6.1 percent in August from 6.2 percent in July due to a decrease in the size of the ...
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