Deeper Analysis
Today’s North American Economic Data
June 28, 2012
The 1.9% annualized increased of U.S. real GDP in the first quarter was unrevised from the prior estimate. Personal consumption growth of 2.5% accounted for 93% of GDP’s rise during the quarter. Private investment, net foreign demand, and inventories supported growth modestly but were collectively neutralized by a 4.0% annualized drop in public-sector spending that […] More
Central Bank Watch
First Czech Rate Cut in 25 Months
June 28, 2012
By a narrow 4-3 split vote, the Policy Board of the Czech National Bank voted to cut the two-week repo rate to 0.50% from 0.75% and the Czech Lombard Rate to 1.50% from 1.75%. The decision was expected. A released statement expects consumer price inflation to remain above the 1-3% target range until next year […] More
New Overnight Developments Abroad - Daily Update
Summit Time and the Living Ain’t Easy
June 28, 2012
Another summit of EU leaders has begun in Brussels amid dampened market expectations that anything very constructive will emerge to end the debt and banking crisis. German officials remain adamant in resisting new initiatives. Speculation continues that the ECB will cut interest rates next week. Just in is an announcement from the Czech monetary authorities […] More
