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Showing 1 - 10 of 61 results for "latest US"

Chief economist update: The US inflation dilemma

BENJAMIN ONG  |  TUESDAY, 9 FEB 2021
... would take unprecedented job growth to return to full employment in the next few years." Madam Yellen's is backed by the latest US non-farm payrolls report that showed the economy added 49,000 jobs in January -- lower than market expectations for a 50,000 ...

Chief economist update: A tiny bug takes down the largest economy

BENJAMIN ONG  |  FRIDAY, 31 JUL 2020
"Toto, I've a feeling we're not in Kansas anymore." - Wizard of Oz Data revealed in the latest US National Accounts gave meaning to declarations that we are living in unprecedented times. Some would be concerned, but most would understand, reading ...

Chief economist update: The power of money (and a cure)

BENJAMIN ONG  |  WEDNESDAY, 17 JUN 2020
... the coronavirus has resurfaced in Beijing and, with it, the re-imposition of lockdowns. Have money, will travel. The latest US retail sales report - up 17.7% in May from April - underscores the power of money. Cheaper borrowing costs and money printing ...

Chief economist update: It'll hurt me more than it hurts you

BENJAMIN ONG  |  FRIDAY, 24 MAY 2019
... this now is reversing in Beijing's favour. No use re-inventing the wheel, here's Factset's news stories on latest US stats: "May IHS Markit Flash Manufacturing PMI down 2.0 m/m to 50.6 (est. 52.7), lowest since Sep-2009. New orders declined ...

Chief economist update: Two indicators giving the Fed a headache

BENJAMIN ONG  |  TUESDAY, 9 APR 2019
... participants' estimates of the longer-run normal rate of unemployment ranged from 4-4.6% and had a median value of 4.3%." The latest US non-farm payrolls report put the unemployment rate at 3.8% in March - the 19th straight month that the jobless ...

Chief economist update: US economic growth is slowing and accelerating

BENJAMIN ONG  |  FRIDAY, 1 MAR 2019
... third quarter of the same year. However, most other economies use the year-on-year growth rate and applying this to the latest US National Accounts update, America's economy continues to power on. US GDP grew by 3.1% in the year to the December 2018 ...

Chief economist update: RBA more likely to cut

BENJAMIN ONG  |  MONDAY, 3 DEC 2018
... same - steady interest rates. This is because the RBA will find that although global growth is continuing - and the latest US-China trade war got a stay of execution over the weekend (Trump will hold off from raising the 10% tariff on Chinese exports ...

Chief economist update: Fed flattens the yield curve

BENJAMIN ONG  |  THURSDAY, 14 JUN 2018
Given the US equity market's reaction to the latest US Federal Reserve missive, one would think that Wall Street is against strong(er) growth. All major benchmark indices - DJIA, S&P 500, Nasdaq and Russell 2000 - closed lower after the Fed announced ...

Chief economist update: Talking trade tariffs

BENJAMIN ONG  |  FRIDAY, 4 MAY 2018
... tariffs and quotas will increase business costs and consumer prices, sending inflation higher. It's as well that the latest US international trade statistics show that America's external account is improving and this could help temper tensions between ...

Chief economist update: Inflation is heading Fed's way

BENJAMIN ONG  |  FRIDAY, 13 APR 2018
... The minutes revealed that: "all participants expected inflation on a 12-month basis to move up in coming months." The latest US CPI report gives credence to this expectation. The headline CPI shows the annual inflation rate accelerated to 2.4% in March ...
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