Category Archives: macro-economic

Uncertainty Over Oil

The price of oil futures has seen extreme volatility in late October till now. Brent which is still up 9.11% year to day is down 13.75% in the past month trading at $72.52 per barrel. While West Texas Intermediate or … Continue reading

Posted in commodity, macro-economic, Macro/Sector News, Oil, OPEC, stock market, Uncategorized | Leave a comment

Fed Likely to Raise Rates in December

December 19th is the next FOMC meeting or the Federal Open Market Committee where the 12 members of the Federal Reserve led by Jerome Powell meet to decide on interest rates. Many anticipate that the Fed will likely raise rates … Continue reading

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3rd Quarter U.S. Economic Data

Official third-quarter data released on Friday showed that the economy grew 3.5% compared to the same time last year. Consumers spent 4% more last quarter than they did a year ago. Since personal consumption makes up about 70% of the … Continue reading

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Unemployment Rate Falls Lowest Level in Nine Years

U.S. employers added 178,000 jobs in November, close to expectations, while the unemployment rate dropped to 4.6%, its lowest level in nine years. The tightening labor market has driven hourly wages up 2.5% last month over the previous year. This … Continue reading

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Iran to Deal with France’s Total as International Sanctions are Lifted

One of the largest oil companies in France has agreed to purchase hundreds of thousands of barrels of Iranian Crude a day. Oil Minister, Bijan Zanganeh, has decided to allow France’s Total SA to spur the oil industry through its … Continue reading

Posted in dollar, Economy, Euro, Forecasts, France, Global News, Global Trade, Iran, macro-economic, Macro/Sector News, Oil, OPEC, Pound, Uncategorized | Leave a comment

U.S. Durable Goods Orders Fall in September

In September, orders for core capital goods—hard goods such as appliances or sporting goods that last at least 3 years—faced an unexpected decline of 0.1% to $227.3 billion. Data read slightly below a consensus forecast of a 0.1% increase, with … Continue reading

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Atlanta Fed Cuts Forecasts for U.S Third-Quarter GDP

The Atlanta Fed has trimmed its growth rate projections following the latest data on inventories, trade and consumer spending this week. The have listed on their website an annualized 2.4% growth rate for the U.S economy in the third quarter. … Continue reading

Posted in Consumer Spending, Economy, Federal Reserve Bank, Forecasts, GDP, Global Trade, Inflation, Interest Rates, Inventory Investment, macro-economic, Macro/Sector News, Reuters, Uncategorized | Leave a comment