posted by
wiredprg
1444 days ago
in Fundamental
U.S. retail sales rose for the third straight month, advancing by a strong +1.0% M/M in May, following the upwardly revised 0.4% M/M (previously reported as -0.2% M/M) increase in April. A major driver of this surge in spending may have been the f...
posted by
wiredprg
1444 days ago
in Fundamental
The common currency gave back all of yesterday's gains as traders reacted to stronger-than-expected U.S. May import prices data that saw overall import prices rise 2.3% with April's and March's tallies upwardly revised to 2.4% and 3.0%, respective...
posted by
wiredprg
1444 days ago
in Fundamental
The USD has maintained a firm tone throughout the European and US session. Dealers are noting several possible factors contributing to the dollar's strength, including the Irish vote on the EU Lisbon Treaty, despite the fact that the results of th...
posted by
wiredprg
1444 days ago
in Fundamental
Business inventories were slightly larger than expected in April led by increases at the wholesale and retail level; manufacturing inventories were flat for the month. Sales were up 1.4 percent led by a 2.2 percent sales increase in manufacturing,...
posted by
wiredprg
1444 days ago
in Fundamental
Retail sales rose 1.0 percent in May, well above expectations. Excluding motor vehicles and gas stations, sales rose 1.0 percent with an upward revision to April. There were broad based gains indicating tax rebate checks are beginning to work....
posted by
wiredprg
1444 days ago
in Fundamental
The May U.S. inflation report will garner extra focus given the current environment of rising energy and commodity costs. The growing concerns over global inflation has heightened to the point that the leaders of the major central banks have all e...
posted by
wiredprg
1444 days ago
in Fundamental
The greenback extended its gains versus the majors, rallying above the 108-level against the yen and 1.5380 versus the euro. The main catalyst for today's move was a larger than expected improvement in May retail sales, with the headline reading i...
posted by
wiredprg
1444 days ago
in Special
The Monetary Policy Committee faces the challenge of keeping inflation close to the 2% target. That is unlikely to be straightforward. When I became Governor in 2003, I referred to our economic performance over the previous ten years as the nice (...
posted by
wiredprg
1444 days ago
in Special
Japan's economic growth is slowing, mainly due to the effects of high energy and materials prices. Compared with the projection in the October 2007 Outlook for Economic Activity and Prices (Outlook Report), housing investment and business fixed in...
posted by
wiredprg
1444 days ago
in Special
The Federal Open Market Committee decided today to lower its target for the federal funds rate 25 basis points to 2 percent. Recent information indicates that economic activity remains weak. Household and business spending has been subdued and lab...
posted by
wiredprg
1444 days ago
in Special
At its meeting today, the Board decided to leave the cash rate unchanged at 7.25 per cent. Inflation in Australia has been high over the past year, with the CPI rising by a little over 4 per cent and underlying measures at a similar pace. Price ri...
posted by
wiredprg
1444 days ago
in Special
On the basis of our regular economic and monetary analyses, we decided at today's meeting to leave the key ECB interest rates unchanged. Inflation rates have risen significantly since the autumn, owing mainly to increases in energy and food prices...