The Federal Reserve Bank of Philadelphia's Manufacturing Business Outlook Survey released yesterday beat analysts' expectations, coming in at -10.4 versus a forecast of -22.
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May 18, 2023
On the heels of Federal Reserve Board Governor Michelle Bowman, Chicago Fed President Austin Goolsbee and Cleveland Fed President Loretta J. Mester announced that it's still too soon to talk about dropping interest rates.
May 17, 2023
According to the latest data, retail sales in the US rose by only 0.4% against a forecasted 0.7% increase.
May 16, 2023
For the second week in a row, the Nasdaq is higher than its 21-day moving average.
May 15, 2023
On Friday, Michelle Bowman, a member of the Federal Reserve's Board of Governors, stated that the regulator would have to make another rate hike if inflation remains high.
May 12, 2023
The producer price index data released yesterday showed that it had risen less than analysts had predicted and that initial unemployment claims were higher than expected.
May 11, 2023
The April Consumer Price Index in the United States rose more quickly than analysts had predicted, moving up 0.4% versus 0.1% a month prior.
May 05, 2023
The European Central Bank raised its interest rate by 0.25%, as had been expected.
May 04, 2023
US labour market data released on Tuesday showed that the number of new jobs dropped while layoffs and discharges rose to their highest point in over two years.
May 03, 2023
The Reserve Bank of Australia's unexpected decision to raise its interest rate from 3.6% to 3.85% provided support to the Australian dollar, allowing it to strengthen despite a general reduction in investors' risk appetite.