Posts Tagged ‘eur usd rate today’

The ISM Services Index exceeded consensus expectations in August, reaching 54.5, the highest level since February. This monthly increase demonstrates the sustained strength of the service sector and the resiliency of the U.S. economy as a whole despite rising interest rates. In addition, the rise in the prices paid component of the ISM services index…

In the US, last week’s data indicate that the economy continues to be robust. Employers added a net of 187,000 new positions in August. While the labor market modifies, we do not anticipate another interest rate increase in this cycle. Nevertheless, significant rate reductions are not imminent, given the labor market’s continued tightness and wage…

The US durable orders appear to stagnate due to rising mortgage rates, which pressure the housing market. Simultaneously, preliminary benchmark revisions from the BLS indicate that the labor market’s strength is not as intense as previously believed. The PMI surveys released last week for Europe highlight the growth challenges facing the continent’s main economies and…

The data for the retail and manufacturing sectors revealed unexpected outcomes that exceeded expectations. Simultaneously, residential construction gained impetus. The FOMC meeting minutes acknowledged the resilience of the economy and reaffirmed the Committee’s commitment to bringing inflation back to the 2% target. In other countries, the most recent U.K. The GDP report confirmed the impressive…

The U.S. economy continues to experience a reduction in price pressure. In July, both the overall and core Consumer Price Index (CPI) registered a modest 0.2% increase. From a yearly perspective, the core CPI increased by 4.7% in July.  The core CPI has maintained a three-month annualized growth rate of 3.1% over the past few…

After the encouraging updates on the easing inflation, the latest week provided an early look at key indicators for the month of July. This glimpse provided evidence of the labor market’s gradual decline. The burden within credit markets is palpable. The quarterly SLOOS report, which was released on Monday, detailed stricter lending standards and a…

Last week, the US real GDP grew at an annualized rate of 2.4% in the second quarter, which was stronger than expected. While inflation and compensation costs have moderated, the Federal Open Market Committee (FOMC) prefers to observe sustained moderation before concluding that inflation is sufficiently low and stable. At its July meeting, the Federal…