The FOMC concluded its first meeting this year and as the market had anticipated, the Fed left its policy unchanged: the Fed will continue purchasing mortgage-backed securities at a pace of $40 billion per month, and long term securities at…
The bureau of economic analysis came out today January 30th with its first estimate of the growth rate of the U.S. Gross Domestic Product for the fourth quarter of 2012. According to the latest update, U.S output of goods and…
The U.S. Census Bureau reported (opens pdf) on the changes in number of new homes sold in the U.S during December 2012: the number of new homes sales declined compared with the number of new homes sold during November 2012.…
Crude oil price resumed its upward trend during last week. The U.S stockpiles rose again according to the latest EIA report. The gap between Brent and WTI narrowed again to a range between $15 and $17 during last week. Brent…
Natural gas (short term delivery) resumed its rally during most of last week and this rally strengthened on the last couple of days of the week following the higher than anticipated draw from storage. According to the latest EIA report,…
According to the recent U.S. Census Bureau report regarding the new residential construction statistics for December 2012, the annual rate of housing starts spiked while rate of building permits inched up. This report sends a positive signal as to the…
Today, the first survey of 2013 for the Philly Fed Manufacturing Index for January was published. This survey estimates the U.S. manufacturing conditions. According to the latest update the conditions have deteriorated. Moreover, the index turned negative; the Philly Fed…
The Bureau of Labor Statistics published its latest report of the U.S CPI for December 2012. According to the latest report, the consumer price index remained unchanged after it had decreased by 0.3% in the previous month; in annual terms…
According to the recent January report published by the Organization of the Petroleum Exporting Countries regarding the recent developments in the crude oil market for December, the OPEC oil production inched down again during December compared with November’s oil production.…
Retails and foods services sales rose again for the second consecutive month, during December 2012 by 0.5% compared with November’s sales and were also above the sales at December 2011. The U.S. Department of Commerce (pdf file) published yesterday its…