September 19, 2019 United States: Powell Stresses Solid U.S. Outlook After Fed Cuts Rates Again “Federal Reserve policy makers lowered their main interest rate for a second time this year and Chairman Jerome Powell said that “moderate” policy moves should be sufficient to sustain the U.S. expansion. “We took this step to help keep the
Date: September 18, 2019 United States: U.S. Home Starts Reach Highest Since 2007 in Broad Advance “U.S. home construction surged in August to the fastest pace since mid-2007 on more apartment projects and single-family houses, a welcome sign for the housing sector that has struggled to gain momentum. Residential starts climbed 12.3% to a 1.36
Date: September 17, 2019 United States: Overnight Funding Rate Surges to Record Levels Above 8% “U.S. money-market interest rates surged for a second day Tuesday as cash reserves in the banking system remained out of balance with the volume of securities on dealer balance sheets. Amid the squeeze, the effective fed funds rate rose to
September 16, 2019 United States: New York Fed Factory Gauge Slumps With Spending Outlook Dimmer “A Federal Reserve measure of manufacturing in New York state cooled more than expected in September as capital-spending expectations fell to the lowest since 2016, adding to signs the U.S. factory slump is deepening. The Empire State index, a survey
Date: September 13, 2019 United States: U.S. Retail Sales Increase More Than Forecast on Autos, Web "U.S. retail sales advanced in August by more than forecast as Americans hit auto showrooms and kept shopping online, sending Treasury yields higher and signaling consumers will continue to buoy an economy beset by risks from trade and global
Date: September 12, 2019 United States: U.S. Core Inflation Picks Up More Than Forecast to One-Year High “A measure of underlying U.S. inflation accelerated by more than forecast to a one-year high in August, signaling inflation was already firming ahead of fresh tariffs on Chinese goods this month that may push prices higher for Americans.
Date: September 11, 2019 United States: Trump Adds to Pressure on Fed, Seeking Rates of Zero ‘Or Less’ “President Donald Trump urged the Federal Reserve to lower interest rates to a level typically reserved for recessions or periods of persistently weak growth, suggesting that such a setting could allow the government to refinance Treasury debt
September 10, 2019 United States: Many U.S. farmers fume at Washington, not Trump, over biofuel, trade policies “ROCHESTER, Minn./CHICAGO (Reuters) - American farmers helped elect President Donald Trump in 2016 on hopes he would shake up Washington and turn around a struggling agricultural economy, but many of his policies have actually stung farmers, notably his
September 9, 2019 KEY Insurance Company Limited (KEY) has advised that Peter Thompson has been appointed Chairman of the Loans & Investments Committee effective August 28, 2019. Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that
Date: September 09, 2019 United States: A Manufacturing Recession Could Cost Trump a Second Term “The moment usually comes during Greg Petras’s commute through the rolling hills and cornfields of southern Wisconsin. Somewhere between his home near Madison and the factory he runs on the edge of the small town of Brodhead, the news will
