November 08, 2018 Based on the latest information received by the Federal Open Market Committee (FOMC) since September, the FOMC has noticed strengthening in the labour market coinciding with rising economic activity. Based on the FOMC, Job gains have been strong, on average, in recent months, and the unemployment rate have declined. Household spending
Brent Oil Brent oil prices decreased by 1.92% or US$1.40, as prices declined this week. Oil traded on November 08, 2018 at a price of US$71.49 per barrel relative to US$72.89 last week. Brent oil began the year at US$66.57 per barrel. Petrojam prices 87 Octane prices decreased week over week, by 1.82% (JMD$2.47). Additionally,
Brent Oil Brent oil prices decreased by 2.66% or US$2.04, as prices declined this week. Oil traded on November 01, 2018 at a price of US$74.66 per barrel relative to US$76.70 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices decreased week over week, by 0.94% (JMD$1.29). Additionally,
Date: October 26, 2018 The U.S. Bureau of Economic Analysis indicated that, “Real gross domestic product (GDP) increased at an annual rate of 3.5 percent in the third quarter of 2018. In the second quarter, real GDP increased 4.2 percent.” The increase in real GDP in the third quarter was a result of positive contributions
Brent Oil Brent oil prices decreased by 2.65% or US$2.09, as prices declined this week. Oil traded on October 25, 2018 at a price of US$76.70 per barrel relative to US$78.79 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices decreased week over week, by 1.52% (JMD$2.12). Additionally,
Date: October 23, 2018 According to Eurostat, “In the second quarter of 2018, the seasonally adjusted general deficit to GDP ratio stood at 0.1% in the Euro Area (EA19), a decrease compared with 0.2% in the first quarter of 2018 and the lowest deficit since the beginning of the comparable times series (2002).” In addition,
Date: October 22, 2018 According to Eurostat, “In 2017, the government deficit and debt of both the euro area (EA19) and the EU28 decreased in relative terms compared with 2016.” Furthermore, it was indicated by Eurostat that, “in the euro area the government deficit to GDP ratio fell from 1.6% in 2016 to 1.0% in
Brent Oil Brent oil prices decreased by 3.25% or US$2.65, as prices declined this week. Oil traded on October 18, 2018 at a price of US$78.79 per barrel relative to US$81.44 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices decreased week over week, by 1.78% (JMD$2.53). Additionally,
Date: October 12, 2018 The Bureau of Labor Statistics reported that, “prices for U.S. imports increased 0.5 percent in September, after declining 0.4 percent in August and 0.1 percent in July.” The report further mentioned that the advancement in September was a result of higher fuel prices. In addition, U.S. export prices recorded no change
Brent Oil Brent oil prices decreased by 4.22% or US$3.59, as prices rose this week. Oil traded on October 11, 2018 at a price of US$81.44 per barrel relative to US$85.03 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices decreased week over week, by 0.09% (JMD$0.13). Additionally,
