Yesterday, the Federal Open Market Committee convened to decide on the Fed’s monetary policy and US interest rate. As expected the FOMC decided to keep the US interest rate unchanged at 0% to 0.25%. In the meeting there were no…
Category: News Feed
OPEC oil production rose by 0.5 million bbl/d -OPEC August report
In the recent Organization of the Petroleum Exporting Countries report the OPEC oil production inclined during July compared to June 2011: OPEC’s crude oil production rose by 404 thousand bbl/d during July as it reached 30,069 thousand bbl/d compared to…
S&P downgraded US’s credit rating from AAA to AA+
Standard and Poor’s, one of the most important rating agency worldwide, announced yesterday it downgraded the US credit rating from AAA to +AA; This is a one level drop. It’s also the first time in US history that the United…
U.S employment rose by 117,000 during July – August report 2011
The US labor force rose at a much faster pace than in the past couple of months, as the number of non-farm employees increased during July by 117,000 compared with an increase of 18,000 during June and 25,000 during May.…
ECB kept interest rate at 1.5% – August 4
As expected the European Central Bank decided to keep the interest rate at the same level of 1.5%; this rate decision didn’t seem to surprise the market and concerns over the debt in Europe continues to be one of the…
US PMI manufacturing index declined to 50.9%
According to the recent U.S. Manufacturing ISM report regarding the U.S. Manufacturing PMI– an index that estimate the economic activity in the U.S. manufacturing sector –grew for the 24th consecutive month; on the other hand, the growth rate declined from…
The House voted for raising U.S. debt ceiling by $2.1 trillion
As expected, the House of Representatives voted for raising the U.S.debt limit ; this approval was made possible after very long deliberations over the weekend between Democrats and Republicans; in the end, the two parties agreed to raise the US debt ceiling,…
Recommended posts for the weekend – July 30
Last week continued to revolve around the US debt ceiling talks and the effect this news had on the financial markets. The US GDP 2011 was published yesterday and showed a 1.3% annual growth rate in Q2011. Here are several…
U.S. GDP 2011 Q2 rose by only 1.3%
The bureau of economic analysis published today its advance estimate of U.S. GDP 2011 second quarter: According to the report, the growth rate of the real US GDP 2011 in the second quarter of 2011 reached 1.3%; according to the…
U.S. new home sales slightly fell in June 2011
Yesterday the U.S. Census Bureau issued its monthly report on U.S. new homes sales for June 2011. According to the report, in June 2011 the annual rate of number of U.S. new home sales reached 312,000 (seasonally adjusted); this figure …