U.S. economic data

Lots of U.S. Data and a Yellen Press Conference This Ides of March

March 15, 2017

The Federal Reserve will release new macroeconomic forecasts and  is expected to raise the fed funds target at 18:00 GMT, and the press conference begins a half hour later. The dollar softened overnight by 0.6% against the peso, 0.5% versus sterling, 0.4% relative to the New Zealand and Australian dollars, 0.3% vis-a-vis the loonie and […] More

Disappointing News Sends Dollar and Stocks Lower

January 27, 2015

Juno was downgraded to sub-blizzard status.  N.Y.C. is likely to get just a foot of snow, and the stock exchange opened as scheduled but with a thud, as the Dow dropped over 1.0%.  In Europe, equities have declined 5% in Greece, 1.4% in Germany, 1.2% in France, 0.9% in Spain, 0.8% in Britain and 0.6% […] 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

Nice Spate of U.S. Data this Month

December 16, 2013

Fed tapering doesn’t look so risky to investors in bonds and stocks if such is done in response to ample evidence of a recovery that can handle the shift, and that foundation of justification looks stronger at mid-December than in November.  The labor market has performed better.  Non-farm payroll jobs expanded at least 200K in […] More

Pre-FOMC Interview With ForexTV

December 15, 2009

In this second interview that I gave to Julie Sinha of ForexTV, I review and interpret the significance of today’s U.S. producer price and industrial production data releases and provide some background on the FOMC’s tendency not to make waves at its final December meeting each year. More