Economic Data

US close: Markets end lower as investors digest Fed meeting, economic data

Max: 22,399.33 Min: 22,314.68 23:10 21/09/17 Max: 2,507.16 Min: 2,499.00 21:27 21/09/17 Max: 5,965.60 Min: 5,915.74 23:26 21/09/17 Stocks finished lower on Thursday, as traders tried to work out the implications of the US central bank’s policy announcement on Wednesday, despite a raft of better-than-expected readings on the economy. The Dow Jones Industrial Average closed down 0.24% at 22,359.23, the ...

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CenterState CEO hires Stassel for new research and policy analyst job

SYRACUSE, N.Y. — CenterState CEO announced it has hired Christie Stassel as its first research and policy analyst for its research, policy, and planning portfolio. In this role, she is responsible for compiling economic data and insight, and conducting public-policy analysis to help the organization develop strategies for regional growth, community sustainability, advance business-development opportunities, and provide information to businesses, ...

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The Fed is No Longer Data Dependent

(Washington) The Fed shocked markets yesterday, sending Treasury yields spiking. Interestingly, the surprise was not about the Fed’s decision to unwind its balance sheet, but rather the path of interest rates. Against all expectations, the Fed said it planned to hike in December. The comments came after months of anxiety over weak US inflation. The implication of the statements is ...

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MARKET SNAPSHOT: U.S. Stocks Poised For Pullback After Fed Pushes S&P, Dow To Record Highs

Dollar slips after major rally U.S. stocks were heading for a lower open on Thursday, pulling back from the all-time closing highs logged by the S&P and Dow average after the Federal Reserve outlined plans to shrink its balance sheet. Traders were also looking ahead to a trio of economic data releases, including weekly jobless claims. Futures for the Dow ...

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U.S. Stocks Lower At Mid-Day After FOMC Offers No Surprises

U.S. stocks were weaker around mid-session with little incentive to take the market higher after the Federal Open Market Committee (FOMC) on Wednesday did just what investors expected – left rates steady and said it would start to unwind its $4.5 trillion asset portfolio in October. Gold prices fell as the U.S. dollar rose after the FOMC meeting. In economic ...

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Stanbic Bank to launch Purchasing Managers’ Index

Accra, Sept. 21, GNA – Stanbic Bank Ghana will on Tuesday launch the world’s leading economic indicator, the Purchasing Managers’ Index (PMI). The PMI is based on monthly surveys of carefully selected companies representing major and developing economies worldwide. The index provides an advance signal of what is really happening in private sector economies by tracking variables such as output, ...

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Dollar softens after post-Fed bounce, shrugs off economic data

The U.S. dollar eased against its major rivals on Thursday, losing steam after a key gauge of the buck’s performance on Wednesday jumped following the Federal Reserve’s rate outlook and its plan to unwind its massive bond-buying program. In an early morning data dump, U.S. weekly jobless claims for the week ending Sept. 16 came in at 259,000, below consensus ...

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2-year Treasury yield holds around highest level since 2008

U.S. Treasury prices were little changed Thursday, leaving the 2-year Treasury yield near an almost nine-year high after the Federal Reserve on Wednesday indicated that it still plans to deliver another rate increase in 2017. The U.S. central bank kept its benchmark interest rate unchanged between 1% to 1.25%, but said it would begin its historic unwind of a more ...

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German economy to grow robustly in third quarter

Berlin: Germany’s economy weakened at the start of the third quarter after a strong performance in the first half of the year, but indicators suggest its solid growth will continue, the finance ministry said on Thursday. Europe’s biggest economy grew 0.7 per cent on the quarter in the first three months of the year and 0.6 per cent from April ...

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Germany expects solid growth to continue

Germany’s economy weakened at the start of the third quarter after a strong performance in the first half of the year but indicators suggest its solid growth will continue, the finance ministry says. Europe’s biggest economy is enjoying a consumer-led upswing, propelled by record-high employment, rising real wages and low borrowing costs – conditions that are likely to help Chancellor ...

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