Former Fed Gov. Lael Brainard is speaking on the inflation and says: Work to bring costs down our ongoingWorking to lower healthcare, drug, housing costs. This article was written by Greg Michalowski at www.forexlive.com.
Category Archives: Uncategorized
The major US stock indices are trading higher in premarket trading, but off the highest levels. Dow Industrial Average averages is virtually unchanged with a small gain of 12 pointsS&P index is implying gain of 33 points or 0.66%NASDAQ futures are implying a gain of 146 points or 0.83% For the trading week, the major […]
Preliminary 77.9Prior 79.4Consumer sentiment 77.2 versus 77.9 estimateCurrent conditions 79.0 versus 79.3 preliminary. Prior month 82.5Expectations 76.0 versus 77.0 preliminary. Prior month 77.41-year inflation expectation 3.2% versus 3.1% preliminary. Last month 2.9%. This is the highest level of the year5-year inflation expectation 3.0% versus 3.0% preliminary. Last month 2.8%. This article was written by Greg […]
As the North American session begins, the AUD is the strongest and the JPY is the weakest. The JPY is lower across all the major currencies after the Bank of Japan (BOJ) maintained its interest rates at approximately 0-0.10%, a decision made unanimously with a 9-0 vote. Notably, the BOJ removed a key statement from […]
Monday The PBoC left the LPR rates unchanged as expected: 1-year LPR 3.45%.5-year LPR 3.95%. The SNB raised the minimum Reserve Requirement Ratio (RRR) from 2.5% to 4.0% with the change going into effect from 1 July 2024: “Liabilities arising from cancellable customer deposits (excluding tied pension provision) will in future be included in full […]
Prior 2.8% (unrevised to 2.8%)PCE Core YoY 2.8% vs 2.7% estimatePCE Core MoM 0.3% vs 0.3% estimate. Prior MoM +0.3% unrevised to 0.3%Headline PCE 2.7% vs 2.6% estimateHeadline MoM PCE 0.3% vs 0.3% expectedFor the full report CLICK HERE Consumer spending and consumer income for March: Personal income 0.5% vs 0.5% estimate. Prior month 0.3%.Personal […]