US Data released since the September meeting should have supported the Fed in its position to leave interest rates unchanged for now, as the employment report for September disappointed with payroll gains of 142k. Although a loss of momentum was to be expected since full employment has all but been achieved, the slowdown from a [...]
US The decision as to whether interest rates should be hiked for the first time since 2006 will not be an easy task for the Fed, as data are not painting a clear picture. On the one hand, the headwinds from emerging markets are increasing, the dollar has appreciated markedly and the inflation rate is [...]
US On the FED, FOMC participants continued to anticipate that the conditions for policy firming had been met or would likely be met by the end of the year. Nevertheless, in part because of the risks to the outlook for economic activity and inflation, the FOMC decided that it was prudent to wait for additional [...]
US Third quarter GDP growth looks like it is shaping up to be a bit of a disappointment in light of rather stiff headwinds from inventories and international trade. However, economic data this week indicated that once again the consumer sector is poised to support greater consumer spending in Q3. Real consumer spending in August [...]
