July 2, 2024 United States: US Labor Market Shows Signs of Losing Steam, Putting the Fed on Alert Economists and some Federal Reserve officials are increasingly on alert that pain could be on the horizon for American workers amid signs the labor market is losing steam. Companies are posting fewer job openings this year and
July 1, 2024 United States: Big Names in S&P 500 Overshadow the Risk of a Volatility Jump Shares of the largest US companies are moving wildly out of sync, creating a sense of calm in the S&P 500 Index not seen in years. But it’s a different story when it comes to the rest of
June 28, 2024 United States: Fed’s Favored Price Gauge Slows, Supporting Case for Rate Cut The Federal Reserve’s preferred measure of underlying US inflation decelerated in May, bolstering the case for lower interest rates later this year. The so-called core personal consumption expenditures price index, which strips out volatile food and energy items, increased 0.1%
June 27, 2024 Components of the broad monetary aggregate M3 The annual growth rate of the broad monetary aggregate M3 climbed to 1.6% in May 2024 from 1.3% in April, with an average of 1.3% in the three months preceding May. The components of M3 underwent the following developments. The annual growth rate of the
June 27, 2024 United States: Americans’ Pandemic Savings Are Gone — And the Economy Is Bracing for Impact The pandemic savings cushions that helped Americans weather high prices in recent years have worn through, contributing to a loss of consumer firepower that’s rippling through the economy. Delinquencies are rising. Executives are flagging caution among shoppers in
June 26, 2024 According to the European Central Bank's 2024 Convergence Report, non-euro area Member States of the European Union (EU) have achieved limited progress toward economic convergence with the eurozone since 2022. This is primarily due to the severe economic conditions. Over the last two years, the countries under review have been hammered by
June 26, 2024 United States: Dollar Soars to Fresh 2024 High as Fed Diverges From Major Peers A gauge of the dollar’s strength rose to its highest level since November as the first interest-rate reduction from the Federal Reserve appears distant. The Bloomberg Dollar Spot Index rose 0.4% to 1,271.36 on Wednesday, marking a new
June 25, 2024 United States: US Home-Price Growth Cools as Buyers Contend With High Rates Home-price gains in the US slowed in April as would-be buyers facing higher mortgage rates pulled back from the market. A national measure of prices rose 6.3% from a year earlier, less than the 6.5% gain in March, according to
June 24, 2024 United States: ICE Moves to Clear US Treasuries as Market Regulation Expands Intercontinental Exchange Inc., the market operator and parent of the New York Stock Exchange, is angling to become a central clearinghouse for US Treasuries and repurchase agreements — services required by new regulation for the world’s largest debt market. ICE
June 21, 2024 United States: US Adds Japan to Currency Watchlist as Trade Partners Struggle With Stronger Dollar The US Treasury Department added Japan to its “monitoring list” for foreign exchange practices, but stopped short of labeling it or any other trade partner as a currency manipulator. While pointing out that Japan intervened to support
