Economic Highlights
Date: January 31, 2019 United States: Fed Adopts ‘Patient’ Rate Stance With Balance-Sheet Flexibility The Federal Reserve signaled it’s done raising interest rates for at least a while and will be flexible in reducing its bond holdings, a sweeping pivot from its bias toward tighter monetary policy just last month. U.S. stocks rallied, Treasury yields
Date: January 30, 2019 Based on the latest information received by the Federal Open Market Committee (FOMC) since December, The FOMC has indicated the labor market has continued to strengthen and that economic activity has been rising at a solid rate. In addition to this, Job gains have been strong on average in recent months.
United States: Powell to Stress Fed Patience on Rate Hikes: Decision Day Guide Jerome Powell will debut the Federal Reserve’s latest communications strategy -- a press conference eight times a year -- by emphasizing patience in raising interest rates, a message the chairman struggled to deliver in December. The Federal Open Market Committee is widely
Date: January 29, 2019 138 Student Living Jamaica Limited (138SL) held its 4th Annual General Meeting today at the Mona Visitors Lodge, UWI Mona. Chairman, Mr. Richard Byles, in his opening remarks, highlighted that this was a very challenging year for the Group which concluded with a loss after taxation of $16.25 million. The Chairman
United States: U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit The U.S. Treasury Department is set to maintain elevated sales of long-term debt to finance the government’s widening budget deficit, with new issuance projected to top $1 trillion for a second-straight year. Many strategists at primary-dealer firms predict
Date: January 25, 2019 Net interest income for the three months ended December 31, 2018 increased by 30%, relative to 2017, to total $9.85 billion (2017: $7.55 billion). The Group stated that, “The increase was fuelled by a 22% growth in National Commercial Bank Jamaica Limited’s (NCBJ’s) loan portfolio which resulted in a 16% rise
United States: State of Play: U.S.-China Trade Negotiations `Miles' From Deal We’re about five weeks away from a deadline for the U.S. to escalate tariffs on $200 billion of Chinese goods if no breakthrough deal on trade relations is reached. Following a round of negotiations in Beijing in early January, Chinese Vice Premier Liu He
Brent Oil Brent oil prices decreased by 0.08% or US$0.05, as prices fell this week relative to the prior week. Oil traded on January 24, 2019 at a price of US$61.13 per barrel relative to US$61.18 on January 17, 2019. Brent oil began the year at US$53.80 per barrel. Petrojam prices 87 Octane prices increased
United States: U.S. Jobless Claims Fall to 49-Year Low Despite Federal Shutdown Filings for U.S. unemployment benefits fell last week to the lowest level since 1969, signaling the labor market remains tight despite the partial federal-government shutdown. Jobless claims declined 13,000 to 199,000 in the week ended Jan. 19, bucking economist forecasts for an increase,
Date: January 23, 2018 Please click below to view December 2018’s Monthly Economic Review. Monthly Economic Review - December 2018 Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research
