US The weakness in the US housing market felt through much of last year has extended into 2019. Existing home sales dropped 1.2% in January, as the lingering effects of rapid home price appreciation and higher mortgage rates in the second half of 2018 dampened sales for the third consecutive month. While overall sales have [...]
US In the US, there are signs that the shutdown has had a negative impact on activity. The pace of expansion in the services sector decelerated in January. The ISM non-manufacturing index fell to 56.7 in January from 58.0 in December, reflecting concerns about the government shutdown, which negatively impacted new orders. Front-and-center was December’s [...]
US There are signs that the shutdown has had a negative impact on activity. The pace of expansion in the services sector decelerated in January. The ISM non-manufacturing index fell to 56.7 in January from 58.0 in December, reflecting concerns about the government shutdown, which negatively impacted new orders. Fed chairman Jerome Powell said that [...]
US US interest rates fell and risky assets rallied last week in the wake of very dovish commentary from the US Federal Reserve after the January meeting of the FMOC (Federal Open Market Committee). Policymakers seemed to go out of their way to reverse course after sending a more hawkish-than-intended signal to markets after their [...]
