Fed’s Fischer Givers More Clarity on Rate Hike Path

The markets are getting a new look at "just one more" view from the Federal Reserve on the timing of the interest rate hike cycle. Stanley Fischer, Vice Chairman of ...
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Consumer Sentiment Drop Takes Stock Market Volatility Into Account

It is the last Friday of the month, so we get to see the revised consumer sentiment reading from the University of Michigan. It is usually the case that revisions are ...
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Personal Income Outgrows Spending, Savings on the Rise

The Bureau of Economic Analysis (BEA) has released its reading on personal income and spending for the month of July. Personal income rose by $67.1 billion, or 0.4%, right in ...
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Sea Levels Rising Faster Than Anticipated — NASA

Warming ocean water will cause the levels at which they will rise to be faster than earlier believed. This is among the conclusions of new data examined and published by ...
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Kansas City Fed Confirms Economic Weakness

The Federal Reserve Bank of Kansas City released its regional August Manufacturing Survey on Thursday. This is far from a market-moving event, but it does show regional economic weakness on ...
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Euro Area Leading Indicators Ticked Up in July Too

The Conference Board has released its Leading Economic Index for the euro area in July. Despite all the fears and woes that were taking place then, the euro area's leading ...
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Q2 GDP Revised Even Higher Than Expected

Thursday's economic numbers brought a revision to the second quarter gross domestic product (GDP). While the number was expected to increase, it rose even more than anticipated. The prior 2.3% ...
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Can GDP Be Revised This Much Higher?

Thursday morning is going to be an interesting reading for second-quarter gross domestic product (GDP). This is the first revision for the second-quarter reading, and the preliminary report was shown ...
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Fitch Warns That Market Pessimism in China Could Be Overdone

Fitch Ratings has issued one of those reports that may actually move some of the most negative views from investors either more positive or at least toward being less negative. ...
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Durable Goods Proved to Be Quite Durable in July

The U.S. Department of Commerce has reported that durable goods orders were rather durable in July. New orders rose by 2.0%, much better than the -0.4% expected by Bloomberg and ...
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Federal Reserve

Fed Funds Futures Signal December 2015 to January 2016 Fed Rate Hike Bias

With every stock market pullback, or a mini-crash, investors just about always have to consider what it means for interest rates. In the latest case, with the Dow Jones Industrial ...
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Richmond Fed Shows Sharp Drop in Manufacturing Gains in August

The Federal Reserve Bank of Richmond released its reading on manufacturing, showing a sharp drop in August. The Manufacturing Index fell to 0 in August, after having risen by seven ...
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Consumer Confidence Rockets Higher, but Timing Misses Latest Woes

The Conference Board has released a consumer confidence reading so strong you might wonder about its validity. That being said, the cutoff date for the preliminary results was August 13, ...
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Markit Shows Positive Reading in Flash Services PMI

If investors want any good economic news, they are getting at least a bit of it from the Markit Flash U.S. Services PMI reading. At 55.2 in August, the report ...
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How the Markets See China Rate Cut and Bank Reserve Requirement Cut

China has decided to respond to the major market concerns out of Shanghai. The move has bolstered exchange levels, although some of the moves may feel a bit muted compared ...
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