U.S. labor productivity

Little Overnight Change in the Dollar

December 10, 2019

The dollar rose 0.3% against sterling and the Australian dollar but shows nil overnight change otherwise. Stocks were narrowly mixed in the Pacific Rim and are down slightly in Europe. There been little share price movement in the U.S. thus far today. Ten-year sovereign debt yields firmed three basis points in Great Britain as the […] More

Hawkish Central Bank Actions, Released Factory Surveys, and U.S. Politics in Turmoil

May 2, 2019

The Bank of England Monetary Policy Committee voted unanimously to leave its Base Rate at 0.75% but indicated that markets aren’t discounting enough future rate increases. The MPC’s statement affirms An ongoing tightening of monetary policy over the forecast period, at a gradual pace and to a limited extent, would be appropriate to return inflation […] More

U.S. December Interest Rate Hike Still Expected

December 2, 2015

In spite of yesterday’s weak U.S. purchasing managers survey in which the November index (48.6) fell to its lowest level since mid-2009, market participants by and large anticipate an initial federal funds rate hike later this month. In fresh U.S. developments today, ADP estimates a greater-than-assumed 217K increase in private-sector employment last month and revised […] More

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