US Treasury Secretary Yellen in a interview with Reuters says: GDP data shows straight in consumer investment spending.US economy shows robust growth, firing on all cylindersThere could be revisions to GDP data.I still see in underlying core drivers of economic activity considerable strength.We are on downward path for inflation.Rents have stabilized, but a lot of […]
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Prior month 1.6%Pending home sales month on month change +0.4% versus 0.8% expectedPending home sales index 78.2 vs 75.6 last monthPending home sales +0.1% from March 2023 This article was written by Greg Michalowski at www.forexlive.com.
Prior week initial jobless claims 212Kinitial jobless claims 207K vs 215K estimate4-week moving average initial jobless claims 213.25K vs. 214.50K last weekPrior week continuing claims 1.812M revised to 1.796MContinuing claims 1.781M vs. 1.805M estimate4- week MA of continuing claims1.794M vs 1.802.25 last week Continuing claims fell and was revised lower. Initial jobless claims was lower […]
It’s a busy slate on the US economic calendar today with Q1 GDP kicking things off along with initial jobless claims, advance goods trade balance for March, wholesale inventories and Canadian average weekly earnings. The consensus on GDP is 2.4% while the Atlanta Fed tracker was at 2.7%. The high estimate is Goldman Sachs at […]
Weakest since Q1 2023Final Q4 reading was +3.3% annualized (revised to +3.4%)Q3 was +4.9% annualized Details: Consumer spending +2.5% vs +3.3% priorConsumer spending on durables -2.1% vs +3.2% priorGDP final sales 2.0% vs +3.9% priorGDP deflator 3.1% vs 3.0% expected (1.7% prior)Core PCE +3.7% vs +3.4% expected (+2.0% prior)Business investment +3.2% vs +0.7% prior Percentage […]
INFINOX is Delighted to announce the appointment of Mayne Ayliffe as the new Global Head of HR, based in the Dubai operations office, overseeing the Group’s Human Resources function. Mayne is a seasoned HR professional with a decade of experience across the finance and professional service industries. Throughout her career, she has consistently demonstrated a […]