Inflation in the US, as measured by the Consumer Price Index (CPI), declined to 0.3% on a monthly basis in January, the data published by the US Bureau of Labor Statistics showed on Wednesday. On a yearly basis, the CPI stayed unchanged at 1.4%. the Core CPI, which excludes food …
Read More »US Nonfarm Payrolls (NFP) Rise by 49,000 in January
Nonfarm Payrolls (NFP) in the US increased by 49,000 in January, the data published by the US Bureau of Labor Statistics showed on Friday. This reading came in largely in line with the market expectation of 50,000. On a negative note, December’s reading got revised down to -227,000 from -140,000.
Read More »Nonfarm Payrolls Preview: Forecast From 6 Major Banks
The US jobs report for January is due out at 13:30 GMT. here are the forecasts of economists and researchers of 10 major banks regarding the upcoming employment data. Deutsche Bank “Our US economists are now forecasting a +200K increase in nonfarm payrolls after total jobless claims fell by 1.73 …
Read More »US: Weekly Initial Jobless Claims Decline to 779K
There were 779,000 initial claims for unemployment benefits in the US during the week ending January 30, the data published by the US Department of Labor (DOL) showed on Thursday. This reading followed the previous print of 812,000 (revised from 847,000) and came in better than the market expectation of …
Read More »Weekly Recap: 22-26 January
The last week of January witnessed the first policy meeting for the United States Federal Reserve in 2021, one week following that of the European Central Bank (ECB). The Federal Open Market Committee (FOMC) decided to maintain interest rates and the pace of the asset-purchase program both unchanged following a …
Read More »US: Weekly Initial Jobless Claims Decline to 847K
There were 847,000 initial claims for unemployment benefits in the US during the week ending January 23, the data published by the US Department of Labor showed on Thursday. This reading followed the previous print of 914,000 and came in better than the market estimates of 875,000.
Read More »US: Durable Goods Orders Rise by 0.2% in December
Durable Goods Orders in the United States rose by 0.2%, or $0.4 billion, to $254.3 billion in December, the data published by the US Census Bureau showed on Wednesday. This reading followed November’s increase of 1.2% and missed the market expectation of 0.9%.
Read More »Weekly Recap: 18-23 January
The highlight of the week was the inauguration of Joe Biden as the 46th President of the United States. Biden is promising to better handle the Coronavirus crisis in the U.S. through a new plan for distributing vaccines, as well as increased stimulus to help businesses and households alike cope …
Read More »U.S. Adds Chinese Oil Giant CNOOC to Blacklist
The United States Department of Commerce added on Thursday China National Offshore Oil Corporation (CNOOC) to its blacklist due to belligerent actions in the South China Sea, AFP reported. Accordingly, S&P Dow Jones indices has to de-list the company. “China’s reckless and belligerent actions in the South China Sea and …
Read More »US: Weekly Initial Jobless Claims Rise to 965K
There were 965,000 initial claims for unemployment benefits in the US during the week ending January 9, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 784,000 and came in worse than the market expectation of 795,000.
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