During last Fed FOMC meeting, many Fed officials saw another rate hike warranted this year. Probability of another rate hike in December is around 75%.
U.S. CPI ticked down while U.S. Core PPI inflation data were higher than expected. U.S. employment has surpassed officials’ expectations. The U.S. jobless rate... more
EXPLENATION OF THE ECONOMIC NEWS
The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation. A higher than expected reading should be taken as positive/bullish for the... more
Crude oil prices rose during Asian trade. Yesterday an Iraqi forces offensive began in the Kurdish region of Iraq (where there are large oil fields), and on Friday, the number of wells in the United States fell by five units (743 in total). At the end of the Asian session,... more
Dax30 rose 0.07% on Friday. A magic number of 13,000 points, for now, seems impenetrable. The winner of the day was the company Bajersdorf whose share increased 1.22%. This morning, data on the growth of the wholesale selling price index in Germany were above expectations (+ 0.6% instead of predicted... more