Forexlive Americas FX news wrap: PCE data matches estimates
Markets: Gold down $1 to $1928 US 10-year yields up 2.5 bps to 3.51% WTI crude oil down $1.63 to $79.37 S&P 500 up 0.25% to 4070 JPY leads, EUR lags The week is winding down and FX is largely flat on the day. There was some USD buying into the London fix but it […]
Atlanta Fed GDPNow 4Q estimates are in the books
Atlanta Fed GDPNow history for Q4 growth The Atlanta Fed GDPNow estimate for 4Q growth came in unchanged at 3.5% after the existing home sales today. IN their own words: “The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2022 remains 3.5 percent on January 20. The […]
US December CPI in line with estimates, Fed expected to gear down to 25 bp tightening rate |
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Will December NFP Beat Estimates Again?
The BLS has reported that NFP have been above expectations for five months in a row. The most dramatic were the July figures which came in twice the number expected. It seems economists have been consistently underestimating the number of jobs the American economy can make. Of course, that this is a net figure instead […]