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Showing 61 - 70 of 127 results for "Economic Update"

Daily economic update

Growth in services and government spending boosted the economy of the United Kingdom to its fastest quarterly rate of growth in one year. UK GDP expanded by 0.6 per cent in the December quarter, building on the 0.5 per cent rise in the previous quarter. ...

Daily economic update

To no one's surprise, the US Federal Reserve's Federal Open Market Committee (FOMC) raised the federal funds rate by 25 basis points to 4.75 per cent. It also lifted the discount rate to 5.75 per cent. The accompanying statement said that the rebound ...

Daily economic update

The US Federal Open Market Committee (FOMC) began its two-day meeting last night - the first meeting under the chairmanship of Ben Bernanke. There is almost a unanimous expectation that the Federal Reserve will raise interest rates by 25 basis points ...

Daily economic update

US existing home sales rose by 5.2 per cent to a three-month high of 6.91 million units (annualised) in February. Expectations were for a decline to 6.50 million units. The gain was driven by an 8.8 per cent gain in condos/coops and a 4.7 per cent increase ...

Daily economic update

The Bank of England's Monetary Policy Council (MPC) voted 8-1 to keep interest rates unchanged for the seventh month in a row. The minutes of the MPC March meeting revealed that the almost unanimous decision to keep interest rates steady at 4.5 per ...

Daily economic update

Australian manufacturing production is up in the March quarter, while new motor vehicles sales were down. The Australian Industry Group (AIG)/PriceWaterhouseCoopers(PwC) latest quarterly survey of Australian manufacturing production showed that companies ...

Daily economic update

Financial markets will be hoping to get more clues on the outlook for US monetary policy from speeches by Federal Reserve officials later today. Fed Chairman Ben Bernanke will deliver a speech entitled, 'Reflections on the Yield Curve and Monetary Policy,' ...

Daily economic update

The US Federal Reserve will view last night's inflation report favourably. US headline CPI rose by 0.1 per cent in February and the core inflation measure also increased by a mild 0.1 per cent. Expectations were for a rise of 0.1 per cent and 0.2 per ...

Daily Economic Update

The Empire State manufacturing index rose to 31.16 in March from 21.02 the previous month. This is much higher than market expectations for a decline to 18.9, but note that this is a volatile series. All of the components were strong particularly the ...

Daily economic update

US retail sales dropped by 1.3 per cent in February with ex autos falling by 0.4 per cent. Expectations were for a decline of 0.8 per cent and 0.5 per cent, respectively. January sales figures were revised up to show a rise of 2.9 per cent from a gain ...