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Annual PCE Index Shows Inflation Lower Than Expected
The annual core Personal Consumption and Expenditures index, the Federal Reserve’s preferred measure of inflation, rose 0.1% annually and 1.8% monthly in October, slightly…
Unforeseen Growth in Personal Income and Spending
US personal income and consumer spending surpassed growth estimates last month, growing 0.5% in October instead of the projected 0.4%, with a 0.2% jump seen the month prior.…
Weekly Jobless Claims at 6-Month High
The number of Americans who applied for unemployment benefits during the week of Thanksgiving saw a sharp rise to 234,000. This figure represented a rise of 10,000 claims from…
Federal Reserve Chairman Describes Interest Rates as Near Neutral, Stocks Rise
Federal Reserve Chairman Jerome Powell made a statement today saying that the benchmark interest rate laid out by the central bank is near a neutral level, perhaps indicating…
New Home Sales Drop 8.9% in October
New home sales in the US plummeted almost 9% last month according to today’s report released jointly by the Census Bureau and Department of Housing and Urban Development, with…
Home Prices Lowest Since January 2017
The Case-Shiller S&P Index report released today shows that home prices have sunk to their lowest since January 2017, with rising interest rates impacting housing demand.…
Gold Slips as Dollar Strengthens
Gold has given up its earlier gains and is now trading moderately lower in mid-am action. Prices are currently down $10 per ounce at $1211.60. The dollar has moved up to the…
Gold Slightly Higher on Outside Market Action
Gold prices are inching slightly higher to kick off the new trading as crude oil and stocks attempt to rebound while the dollar loses steam. This week will likely see a return…
The Market Week Ahead: November 26 – November 30
Happy Monday, traders.
I’m sure we’re all excited and/or struggling to be back at our monitors after a long weekend of relaxing and/or hiding from family.
As we…
The Market Week Recap: November 19 – November 23
Happy Friday, traders. (*hiccup*)
What kind of (*turkey burp*) week has it been?
Thankfully it’s been a mild week of gold trading, and I hope you all have been…
US Services PMI Shows Slowdown, Continued Growth
The Flash US Composite PMI data from IHS Markit has shown a moderate slowdown in growth in the services industry which is nevertheless described as healthy with a reading of 54…
US Markit Manufacturing PMI Hits 3-Month Low
The seasonally adjusted IHS Markit Flash U.S. Manufacturing Purchasing Managers’ Index has come in lower than expected with a reading of 55.4 compared to the predicted level of…
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