Deeper Analysis
U.S. Labor Market Conditions Index at Six-Month Low
March 9, 2015
Now that an upward trend in the federal funds rate is closer at hand, central bank forward guidance regarding policy normalization has become less specific, less time duration-oriented, and more data driven. Two types of data matter most, the labor market and inflation. On the first of these criteria, policy guidance has also been modified […] More
New Overnight Developments Abroad - Daily Update
Chinese, Japanese and German Trade Data Reveal Surprises
March 9, 2015
The risk-off trading environment that ensued after U.S. labor statistics were released Friday has continued. Share prices fell 2.1% in India, 1.3% in Indonesia and Australia, 1.0% in Japan and South Korea, and 0.9% in Taiwan. The Chinese market’s 1.7% rise was an exception, reflecting hints the Premier Li that more stimulus in 2015 is […] More
