Economic Highlights
Brent Oil Brent oil prices increased by 4.94% or US$4, as prices rose this week. Oil traded on October 04, 2018 at a price of US$85.03 per barrel relative to US$81.03 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices increased week over week, by 0.81% (JMD$1.14). Additionally,
Date: October 4, 2018 United States: Bond Bears Popping Champagne Say U.S. Yields Have Room to Rise A week after Treasuries mysteriously rallied in the wake of the Federal Reserve lifting its long-term interest-rate forecast, short sellers in the $16 trillion market have reason to celebrate. The bond selloff deepened Thursday after data Wednesday on
Date: October 3, 2018 United States: Fed's Evans Says He's Comfortable With Prospect of December Hike Chicago Fed President Charles Evans says he’s “quite comfortable” with the prospect of another interest-rate hike in December. In a Bloomberg Television interview in London on Wednesday, Evans, who has been among the more dovish Fed officials over the
Date: October 1, 2018 For the period of April 2018 to August 2018, the GOJ reported Total Revenues & Grants of $229.97 billion, $6.18 billion more than the Government’s projection. Furthermore, year over year, this represents an increase of approximately 7.9% relative to the $213.07 billion recorded for the corresponding period in 2017. ‘Tax Revenue’,
Date: October 2, 2018 Untied States: Powell Doesn’t See High Recession Risk Though Eyeing Yield Curve Federal Reserve Chairman Jerome Powell played down the signal being sent by a flatter yield curve and said the risk of recession was not especially high. “There’s no reason to think that the probability of a recession in the next
Date: October 1, 2018 United States: Two-Thirds of U.S. Business Economists See Recession by End-2020 Two-thirds of business economists in the U.S. expect a recession to begin by the end of 2020, while a plurality of respondents say trade policy is the greatest risk to the expansion, according to a new survey. About 10
Date: September 28, 2018 United States: Trillion-Dollar Deficit? Whatever, Says New Washington Consensus With its plaintive call for balanced budgets, the fiscal hawk once pervaded Washington. But it’s getting harder to spot one. That’s because of President Donald Trump, and the equal-and-opposite reaction he’s provoked on the U.S. left. Trump is proving as indifferent to
Brent Oil Brent oil prices increased by 2.50% or US$1.98, as prices rose this week. Oil traded on September 27, 2018 at a price of US$81.03 per barrel relative to US$79.05 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices increased week over week, by 1.78% (JMD$2.47). Additionally,
Date: September 27, 2018 United States: U.S. Economy Grew at Unrevised 4.2% Pace in Second Quarter The U.S. economy grew in the second quarter at an unrevised 4.2 percent pace, the fastest since late 2014, indicating a solid foundation for this quarter, Commerce Department data showed Thursday. The revisions for GDP, the value of all
Date: September 26, 2018 United States: Fed Dots to Harden Views for December Move: Decision-Day Guide The Federal Reserve is poised to increase interest rates for a third time this year as it publishes forecasts that are expected to bolster expectations for another move in December and a continued pace of gradual tightening in 2019.
