The Fed Left The Interest Rate Unchanged. The BoE Meeting Is In The Focus Of Attention
The US dollar slightly strengthened against the basket of major currencies. Yesterday, the Fed left the interest rate unchanged at 1.75-2.00%, as experts supposed. The regulator noted the stable growth of the US economy. Demand for the American currency is...
Bank CEO says he’s worried the US-China trade war will dent market psychology
Trade tensions between the U.S. and China have hit business and consumer confidence — and that’s a bigger challenge to overcome right now compared to any economic damage inflicted by new tariffs, according to the chief executive of Southeast Asia’s...
Asian Markets in Deep Red on Trade War, Dollar Surfs Up
The FOMC rate decision overnight was largely ignored by the markets. Instead, Asian equities plunged sharply today as US formally announced to raise the tariffs on USD 200B of Chinese imports from 10% to 25%. Chinese stocks lead the decline...
FOMC Review – Gradual Rate Hike Path Remains Intact and Economic Assessment Upgraded
The August FOMC statement contained few changes, following quite remarkable amendments in the June one. The only change came from the upgrade in the assessment of the economic developments. Interestingly, Chair Powell’s “for now” qualifier on the rate hike path...
After-hours buzz: TSLA, TRIP & more
Tesla stock rose more than 5 percent during after-hours trading following a revenue beat for its second quarter earnings and as the company reassured investors that it will be profitable in the second half of the year. The electric automaker...
Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s FOMC statement with the one issued after the Fed’s previous policymaking meeting on July 31. Text removed from the July statement is in red with a horizontal line through the middle. Text appearing for...
Atlanta Fed predicts 5% jump in economic growth for third quarter
Economic growth is expected to continue at a rapid pace in the third quarter, according to a preliminary forecast from the Atlanta Fed. The central bank district estimates that GDP will increase 5 percent for the July-to-September period, according to...
US: Manufacturing Activity Decelerates in July
After two consecutive months of increases, the Institute for Supply Management (ISM) manufacturing index pulled back by 2.1 percentage points to a still heady 58.1 in July. This was below market expectations for a smaller decline to 59.4. The move...
BoE Set to Raise Rates, But Can the Pound Rally?
The Bank of England (BoE) is widely anticipated to raise its benchmark interest rate via a 7-2 vote on Thursday, at 1100 GMT. Such a move is practically fully priced in already and thus, price action in sterling will depend...
Study: Neighborhoods with these words in the name have the highest property values
Looking for a nice new home? You might want to buy a place in a neighborhood with a name that references water. Porch, a platform that connects people with home improvement professionals, analyzed the words in neighborhood names that have...
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