News | Forex Optimum



U.S. core inflation surprises consensus expectations – TD Securities

Analysts at TD Securities note that the U.S. headline inflation came in line with expectations in July at 0.3% m/m, which lifted the annual measure higher to 1.8% y/y (TD: 1.8%; consensus: 1.7%).

  • “Core inflation surprised consensus expectations for a second straight month at 0.3% m/m (0.291% unrounded) and 2.2% y/y — its highest level in eight months. Strength in the monthly print was broad-based, with both the core services and core goods segments posting firm increases in July. The latter, at 0.2% m/m, continues to reflect the ongoing rebound in some of the items the kept core goods prices depressed in recent months.
  • Despite the firmer July core CPI print, we do not see the reading fundamentally changing the calculus for the Fed. We continue to expect the Fed to deliver cuts at its September and October FOMC meetings, with global growth, manufacturing, and trade remaining key concerns.”

You may also be interested:

19:03 10.12.2019
U.S. small business owners see better days ahead – Wells Fargo
Analysts at Wells Fargo note the data released today showed that the NFIB Small Business Optimism Index climbed to 104.7 in November, signaling that small business owners feel better about the overall economy and are looking to expand and hire more workers.“Small business optimism rose solidly in November, with the overall index rising 2.3 points to 104.7, just slightly below its cycle high. Seven of the 10 index components rose during the month, with earnings trends jumping 10 points. Business
18:41 10.12.2019
U.S. economy expected to be in a recession in the second half of 2020 - Rabobank
Analysts at Rabobank note that, while the coincident and lagging indicators show that the U.S. economy is still going strong, the leading indicators suggest that the future looks less bright."The un-inversion of the yield curve, strong employment growth, solid growth in consumer spending, the low unemployment rate and a possible US-China trade deal do not change our forecast that the US economy is heading for a recession next year.The arguments put forward to dispel our forecast of a recession
18:24 10.12.2019
China's credit data encouraging – TDS
Analysts at TD Securities note that China’s November aggregate financing and new loans came in above expectations, rising to CNY 1,750bn and CNY 1390bn, respectively, from CNY 618bn and CNY 661bn, previously.“M2 money supply increased by a smaller than expected 8.2% y/y, from 8.4% previously. The data are encouraging and suggest some opening of the credit taps in November. Indeed following October's disappointment when loans dropped to their lowest level in almost two years, the bounce back will
Bonuses VIP