Investors banking on spring rate hike: Merrill survey

Posted by Forexsq 4 days ago (
img Investors are increasingly expecting the Federal Reserve to raise interest rates in the spring of 2015, with the dollar forecast to rise as a result, according to the Bank of America Merrill Lynch Fund Manager Survey for September.

Nearly half of the fund managers polled, 48%, believe the U.S. central bank will introduce what would be its first rate tightening in nine years in the second quart

U.S. Consumer Prices Drop for First Time in a Year

Posted by Forexsq 3 days ago (
img The cost of living in the U.S. unexpectedly dropped in August for the first time in more than a year, showing inflation still is falling short of the Federal Reserve’s goal as policy makers meet.

The consumer-price index declined 0.2 percent, the first decrease since April 2013, a Labor Department report showed today in Washington. The median forecast of 83 economists surveyed by Bloomberg cal

U.S. jobless claims data point to firming labor market | Top Forex Brokers

Posted by Forexsq 2 days ago (
img The number of Americans filing new claims for unemployment benefits fell more than expected last week, suggesting that a sharp slowdown in job growth last month was probably an aberration.... moreShare it now!

Yellen says poor Americans live in ‘sobering’ conditions

Posted by Forexsq 2 days ago (
img The condition of lower-income families in America is “sobering” even as the economy recovers, Federal Reserve Chairwoman Janet Yellen said Thursday.

“We have come far from the worst moments of the crisis and the economy continues to improve, but the effects of the recession are still being felt by many families, particularly those that had very little in savings and other assets beforehand,“ Y

Markets rally as Scotland votes to stay | Top Forex Brokers

Posted by Forexsq 1 day 15 hours ago (
img Investors breathed a deep sigh of relief Friday as Scotland voted to stay in the United Kingdom, averting months of turmoil that would have hurt the economy. Results from the... moreShare it now!

Scots Breakaway Seen at 45% Probability by Economists

Posted by Forexsq 5 days ago (
img Scotland’s nationalists have a 45 percent chance of winning the independence referendum this week and there’s a risk of a capital flight from the country if that happens, according to a Bloomberg survey of economists.

Asked to quantify the odds of a “yes” and “no” vote in the Sept. 18 ballot, economists said there is a 55 percent probability the anti-independence Better Together campaign will

An economic puzzle has been revised away

Posted by Forexsq 8 days ago (
img Payrolls growth has been strong, the unemployment rate has come down, manufacturing and service sentiment was buoyant, consumer credit was expanding, the stock market continues to improve, house prices are still mending, consumer confidence was improving — but consumers weren’t spending?

Well, the new Commerce Department report on retail sales indicates that, actually, spending wasn’t so disas

Retail Sales Increase in U.S. by Most in Four Months

Posted by Forexsq 8 days ago (
img Sales at retailers climbed in August at the fastest pace in four months and prior readings were revised up, boosting prospects for U.S. economic growth this quarter.

The 0.6 percent gain matched the median forecast of 82 economists surveyed by Bloomberg and followed a 0.3 percent increase the prior month that was stronger than previously reported, Commerce Department figures showed today in Wa

U.S. retail sales increase broadly; import prices subdued | Top Forex Brokers

Posted by Forexsq 8 days ago (
img U.S. retail sales rose broadly in August, which should ease some concerns about consumer spending and support expectations for sturdy growth in the third quarter. The Commerce Department said on... moreShare it now!

U.S. Jobless Claims Hit Two-Month High, Breaking Steady Decline | Top Forex Brokers

Posted by Forexsq 9 days ago (
img The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, but that probably does not signal a material shift in labor market conditions as claims remain... moreShare it now!

Scotland's banks threaten to leave

Posted by Forexsq 9 days ago (
img Scotland risks losing the heart of its financial services industry if it votes in favor of independence from the United Kingdom.

The biggest names in banking and insurance say they would move headquarters and parts of their businesses to England if next week's referendum backs a split.

Treasuries Drop With Commodities Fall as Dollar Climbs

Posted by Forexsq 11 days ago (
img Treasuries fell and the dollar strengthened to its highest level since 2008 against the yen on prospects for higher U.S. interest rates. European government bonds retreated with commodities.

The yield on 10-year Treasury notes increased three basis points to 2.50 percent at 7:08 a.m. in New York. Two-year U.K. yields climbed five basis points after Bank of England Governor Mark Carney said off

JPMorgan Had Exodus of Tech Talent Before Hacker Breach

Posted by Forexsq 15 days ago (
img As hackers pierced JPMorgan Chase & Co.’s defenses in June, the bank’s cybersecurity chief was just getting acquainted with his employer and its sprawling technology infrastructure.

Greg Rattray, a former U.S. Air Force commander for information warfare, became JPMorgan’s head of information security that month after upheaval at the highest levels of the bank’s tech division. His predecessor,

‘Disaster in August jobs!’ and more payrolls reactions

Posted by Forexsq 15 days ago (
img Here’s a roundup of comments about Friday’s nonfarm payrolls report, showing 142,000 jobs were created in August -- far fewer than expected by economists. The unemployment rate, meanwhile, fell to 6.1%.

Whoops! Jobs recovery lost steam in August

Posted by Forexsq 15 days ago (
img Yuck. The jobs market lost some steam in August, with only 142,000 jobs added last month.

The consensus forecast from economists surveyed by ForexSQ was for a jobs gain of 226,000 jobs. The unemployment rate dipped slightly to 6.1%, down from 6.2% in July. That was in line with estimates, but it wasn't much for job seekers to celebrate.

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