Source: Bureau of Economic Analysis Personal income in the United States slipped in September, as government social benefits decreased during the month. Personal income fell $216.2 billion, down 1.0% from the previous month. This follows three consecutive months of growth.Disposable personal income fell $236.9 billion or 1.3%, while private consumption expenditures grew … [Read more...] about Personal Income Down in September as Social Benefits Decrease
Forex News
Eurozone Inflation Seen at 13-Year High in October
Source: Eurostat Annual inflation in the Euro area is expected to have surged to a 13-year high in October, driven mainly by higher energy and services prices. IEV is down 0.53% premarket. Inflation is expected to clock in at 4.1% in October, up from 3.4% in September and -0.3% in October.Should it be realized, the figure is the fastest in 13 years since July 2008 and … [Read more...] about Eurozone Inflation Seen at 13-Year High in October
Eurozone, EU Economic Growth Slow Down in Q3
Source: Eurostat Annual economic growth in both the Euro area and the European Union slowed in the third quarter of the year, according to preliminary flash estimates. IEV is down 0.53%. Seasonally annual adjusted GDP increased by 3.7% in the Euro area from 14.2% the previous quarter, and to 3.9% in the EU from 13.7%.Monthly economic growth increased by 2.1% in the EU, up … [Read more...] about Eurozone, EU Economic Growth Slow Down in Q3
US Mortgage Rates Climb to the Highest Level in Nearly Seven Months
Source: Bloomberg Mortgage rates in the United States continued to climb to hit the highest level in nearly seven months. XHB is up 1.80%. Rates have climbed along with the yields for treasuries, with the 30-year average up to 3.14%. This is the highest level since April 1.The latest increase will bring the monthly payment on a $300,000 mortgage to $1,288, up from $1,209 … [Read more...] about US Mortgage Rates Climb to the Highest Level in Nearly Seven Months
US Pending Home Sales Down 2.3% in September
Source: National Association of Realtors Pending Home Sales in the United States retreated in September, as some prospective buyers have paused their plans until next year. XHB is up 1.78%. The Pending Home Sales Index stood at 116.7 in September, down by 2.3% from August’s 119.4 and 8.0% lower than the 126.9 in September 2020.The month-on-month decline was the biggest in … [Read more...] about US Pending Home Sales Down 2.3% in September
