Search Results for: U.S. economy
U.S.-UK alliance seen outweighing Brexit trade concerns
June 28th, 2016
The United States looks unlikely to follow through on a threat to relegate Britain to second-class trade status once its ally leaves the European Union, as it weighs the potential costs of undermining the countries’ close diplomatic and military ...
Oil hovers near eight-month highs on U.S. inventory draw
June 8th, 2016
Oil prices rose for a third day to their highest in about eight months on Wednesday, helped by industry data showing a larger-than-expected drawdown in U.S. crude inventories, worries about attacks on Nigeria’s oil industry and strong Chinese demand. ...
Dollar supported by U.S. rate view, Aussie jumps
May 31st, 2016
The dollar hovered near its highest level in two months against a basket of currencies on Tuesday on growing expectations of an imminent U.S. interest rate hike, while the Australian dollar jumped on surprising strong local economic data. The ...
Undeniable Evidence That The Real Economy Is Already In Recession Mode
May 19th, 2016
You are about to see a chart that is undeniable evidence that we have already entered a major economic slowdown. In the “real economy”, stuff is bought and sold and shipped around the country by trucks, railroads and planes. ...
Tame U.S. inflation supports Fed’s cautious rate policy
April 15th, 2016
U.S. consumer prices barely rose in March and underlying inflation slowed, suggesting little urgency for a cautious Federal Reserve to raise interest rates in the near term. The benign inflation backdrop is prevailing despite tightening labor market conditions, underscored ...
Oil crisis? Here is how Saudi Arabia plans to shake up its economy
April 14th, 2016
In late February, several hundred Saudi officials, company executives and foreign consultants gathered in a luxury Riyadh hotel to discuss how Saudi Arabia’s economy could survive an era of cheap oil. In late February, several hundred Saudi officials, company ...
JPMorgan Chase Institute Launches Local Consumer Commerce Index of Everyday Spending in 15 U.S. Cities
March 30th, 2016
A Measure of the Monthly Year-Over-Year Everyday Spending Growth Reveals 2.3 Percent Increase in December 2015, Driven by Spending at Small Businesses and by Younger and Lower-Income Consumers Today, the JPMorgan Chase Institute released the Local Consumer Commerce Index (LCCI) – ...
Dollar, North Asia stocks firm on positive U.S. GDP data
March 28th, 2016
The dollar firmed on Monday and stocks in North Asia rose after fairly strong consumer spending led to an upward revision in U.S. economic growth in the fourth quarter, helping to underpin investor sentiment. “As long as the U.S. ...
U.S. Retail Sales Fell 0.1% in February
March 16th, 2016
January revised to a decrease on lower auto, gas sales American consumers are showing renewed signs of caution amid continued financial-market volatility, clouding the outlook for a segment of the economy that had been a bright spot. U.S. retail ...
IMF urges action as risks to the world economy rise
March 9th, 2016
Collective action is needed to boost the global economy, with volatile financial markets and low commodity prices creating fresh concerns about its health, the first deputy managing director of the International Monetary Fund (IMF) said on Tuesday. In a ...
