Source: US Labor Department Jobless claims in the United States retreated in the second week of March, following the increase recorded in the previous week. DXY is down 0.32%, while Gold is up 1.70%. Seasonally adjusted initial claims for the week ending March 12 fell by 15,000 to 214,000. This is the lowest since the 216,000 in the week ending February 26.The previous … [Read more...] about US Unemployment Claims Retreat to 214,000
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US Fed Hikes Rates by a Quarter Point for the First Time Since 2018
Source: Federal Reserve The Federal Reserve started a campaign of hiking interest rates that’s are set to be the most aggressive since the 2000s, as Chair Jerome Powell vowed to fight against inflation. DXY down -0.10%, EUR USD up +0.17% After hiking rates by a quarter-point, Powell informed reporters that inflation is extremely high, the labor market is overheated and … [Read more...] about US Fed Hikes Rates by a Quarter Point for the First Time Since 2018
US Monthly Retail Sales Growth Slows in February
Source: US Census Bureau Monthly retail sales in the United States continued to grow in February, albeit at a slower pace. QQQ is up 1.47%. Seasonally adjusted retail and food services stood at $658.1 billion in February, marking a 0.3% climb from the previous month and 17.6% growth from February 2021.The latest reading reflects a slower growth from the 4.9% increase in … [Read more...] about US Monthly Retail Sales Growth Slows in February
US Import Prices Rises 2.0% in January, Largest Increase in 11 Years
Source: US Bureau of Labor Statistics US import prices jumped 2% in January compared to the prior month, the biggest jump since April 2011. DXY down -0.34%, EUR USD up +0.29% The market had estimated a 1.3% monthly increase after a 0.4% decline in import prices in December. Prices for US imports advanced 10.8% over the past year, led by the higher fuel and nonfuel … [Read more...] about US Import Prices Rises 2.0% in January, Largest Increase in 11 Years
New York Manufacturing Activity Falls for the First Time in Almost 2 Years in March
gSource: New York Fed The general business conditions index gauging manufacturing in New York State dropped by fifteen points in March to mark the lowest level since May 2020 of -11.8. SPY is up +1.25%, DXY is down -0.23%. 24% of manufacturing firms said conditions have improved in the last one month, lower than 35% who pointed to worsening situations.Modest declines … [Read more...] about New York Manufacturing Activity Falls for the First Time in Almost 2 Years in March
