We look to Larry Kudlow for color on what snapped in the first week of December, as left without an explanation the unexpected surge in claims is certainly an ominous inflection point for the state of the US labor market.
...headline PPI holding at just 1.1% YoY - the lowest since September 2016.
The Federal Reserve wrapped up its final Federal Open Market Committee meeting of 2019 on Wednesday doing pretty much what was expected — nothing. But in the processing of doing nothing, the central bank said a lot and managed to out-dove expectations.After cutting interest rates three times in 2019, the FOMC stood pat during its final meeting of the year, holding the interest rate steady at 1.5%.
‘With these types of transactions gaining market share, it reduces the accuracy and usefulness of data that is based on traditional multiple listing service...
Americans are projected to fall seriously behind on their credit card bills at the highest rate in a decade as banks push a record number of people to get plastic.The share of credit card borrowers who are at least 90 days past due on their accounts will probably tick up to 2.01% next
"will it include a pledge to also do ‘whatever it takes’ to get to the Eurozone to net-zero carbon emissions?"
But Still Run $343.3 Billion Deficit With Second-Highest Spending in Nation's History...
A major Chinese commodities trader became the biggest dollar bond defaulter among the nation’s state-owned companies in two decades, in a moment of reckoning for Beijing as it struggles to contain credit risk in a weakening economy.
Will the Fed keep dealing out interest rates cuts? Top strategists weigh in.
The Governing Council voted to keep the main deposit rate at the historic low of -0.5%, in line with market expectations, while the marginal lending facility remained at 0.25%.
The Swiss National Bank remains wedded to its ultra-expansive monetary policy, indicating on Thursday that its negative interest rates would remain in place for the foreseeable future...
Even without interest-rate changes, the first meeting will be closely watched for clues as to how the Lagarde era at the ECB will differ from that of her predecessor who never once lifted interest rates.
Euro zone industrial production fell as expected in October because of a decline in the output of capital goods used for investment, estimates from the European Union’s statistics office Eurostat showed on Thursday.
The European Union could impose tariffs on the United States and other rivals if they refuse to settle trade disputes after the crippling of the World Trade Organization.
Moody's says 23 of the nation's 25 largest cities are ready for a recession. Two aren't. They are Detroit and Chicago. Both cities are junk-rated by
To prepare for stagflation, watching the metals and the dollar make sense.
Particularly alongside the continued economic downturn, financial risks may appear repeatedly. Financial-risk mitigation and prevention will be the core focuses of macro-management next year.
Gold will resume its upward trajectory. Here's when...
Sentiment for gold remains negative despite price reaching all-time highs in 50 currencies. This indicates we're still at the start of the bull market...
Gold rose on Wednesday after the Federal Reserve held interest rates steady following its two-day meeting this week and indicated that no action is likely next year amid persistently low inflation.