Strong GDP, Steady Claims
US GDP robust but misses estimate A lot of the optimism has been priced in, so financial markets were unfazed with the robust growth in the first quarter and a drop with initial jobless claims. The economy grew at 6.4%,...
US: The Economic Recovery Kicked it Up a Notch in Q1
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FOMC: Steady As She Goes
As was discussed in out FOMC Preview, not much has changed in the FOMC’s view since the March 17th meeting. Although they acknowledge that inflation has risen, they also note that the inflation is transitory. They noted that the vaccinations...
Eurozone GDP to Confirm Double-Dip Recession but Euro Looks to Brighter Q2
The flash estimate of first quarter GDP growth is due out of the Eurozone on Friday at 09:00 GMT. Fresh lockdowns are expected to have dragged the euro area economy into a double-dip recession, highlighting Europe’s bumpy recovery road. However,...
Fed O’clock
The Federal Reserve (Fed) will announce its latest monetary policy decision today and is broadly expected to maintain its near-zero interest rates and massive bond purchases strategy unchanged at this month’s meeting. Because there will be no policy change, the...
FOMC Policy Meeting: Policymakers May Keep Their Cards Close to Their Chest
The Fed’s policymaking arm will conclude its two-day policy review on Wednesday, with the announcement and the press conference expected to hit the headlines at 18:00 GMT and 18:30 GMT respectively. There are rumours that bond tapering talks may wrap...
Dollar Pares Losses, Stocks Muted In Wait For Fed, Earnings
Firmer Treasury yields help dollar steady as traders look to Fed for the next cue US consumer confidence data, Treasury auction eyed as inflation worries persist Another record on Wall Street as earnings season heats up but overall mood subdued...
UK Realized Sales Could Turn Positive
The British pound has posted slight gains at the start of the week. In the North American session, GDP/USD is trading at 1.3894, up 0.14% on the day. The pound punched above the symbolic 1.40 level last week and appeared...
Covid Weighs On Oil Prices, Gold Eyes Fed
Japan and India’s covid crisis weighs on oil Oil is being dragged lower by the deepening covid crisis in India and Japan. As the world’s third and fourth-largest importers of oil see lockdown restrictions tighten, the demand outlook for oil...
Weekly Economic & Financial Commentary: Raising the Bar Even Further
U.S. Review: Raising the Bar Even Further This week’s lighter economic calendar allowed forecasters more time to assess the implications from the prior week’s blowout retail sales report. We have revised our forecast for Q1 growth up to a 5.5%...
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