Economic Data

Report: Scant Evidence Of Labor Shortage

When Homeland Security Secretary John Kelly raised the cap on temporary worker visas Monday, he claimed that authorizing 15,000 additional visas would give relief to American businesses at risk of “significant harm” from a nationwide labor shortage. A report from the Economic Policy Institute (EPI), a liberal-leaning think tank, suggests that Kelly’s justification for more H-2B visas was not based ...

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Peru central bank chief says may cut interest rate again

LIMA (Reuters) – Peru’s central bank could cut the benchmark interest rate one or two more times, depending on economic data, following two reductions so far this year, the head of the bank said on Wednesday without specifying a timeframe. Julio Velarde said a new reduction to the key rate, which the bank lowered 25 basis points to 3.75 percent ...

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Dollar positive amid strong housing data

Investing.com – Investing.com – The dollar traded higher against a basket of global currencies on Wednesday, buoyed by upbeat housing data indicating a turnaround in the sluggish pace of U.S. home building. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose by 0.14% to 94.58. U.S. homebuilding in June topped analysts’ ...

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Gold flat as dollar moves off lows

Investing.com – Investing.com – Gold prices remained roughly unchanged on Wednesday, as the dollar turned positive on the back of economic data that topped analysts’ expectations, reducing investor appetite in the metal. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell by $0.88, or 0.01%, to $1,241.86 a troy ounce. Gold gave up ...

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Macro-data to determine equities markets’ trends(Market Outlook) – The Hans India

The Hans India Macro-data to determine equities markets’ trends(Market Outlook)The Hans India“The first half of the upcoming week will be heavily influenced by domestic macro-economic data points. The important quarterly GDP (Gross Domestic Product), monthly auto sales and ECI (eight core industries) figures will be released early next week,” … and more »

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Trump won’t get away with boosting economic projections

Dear John: As a follower of your articles on how the government/Obama administration has been manipulating the economic data and statistics, I find it hard to swallow that now the Democrats are worried about the Trump administration cooking the books. Where were they for the past eight years? I have an idea: Take the data in an honest, statistically appropriate ...

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