Mixed Data, Muted Market Changes

November 25, 2014

U.S. GDP growth in the third quarter was revised unexpectedly higher by almost a half percentage point to 3.9%.  The 2-quarter rise between 1Q and 3Q was the strongest in more than ten years.  The core PCE deflator inflation rate of 1.5% remains a half percentage point below target.  Growth was led by private domestic […] More

Market Focus Shifts to North America

August 15, 2014

Attention earlier in the week had been mostly on the weak GDP data reported in Japan and Continental Europe, but today it’s on a slew of released North American statistic, racial unrest in Ferguson, Missouri and President Obama’s response to such. The dollar fell overnight by 0.4% against the Canadian dollar, 0.2% versus the euro […] More