Monthly archive July, 2018

The dollar stood firm against its rivals on Thursday, supported by bullish comments from the U.S. Federal Reserve chairman, which cemented expectations for at least two more interest rate hikes this year.

In closely followed congressional testimony on Tuesday Read More →

Two weeks ahead of the next monetary policy meeting, the Federal Reserve released its Beige Book economic report on Wednesday. The Beige Book, a compilation of anecdotal evidence on economic conditions in the twelve Fed districts, said economic activity continued Read More →

Federal Reserve Chairman Jerome Powell reiterated during testimony on Capitol Hill on Tuesday that the central bank believes gradually raising interest rates is the "best way forward." Appearing before the Senate Banking Committee, Powell offered an upbeat assessment of the Read More →

Australia's consumer confidence improved during the week ended July 15, a weekly survey compiled by the ANZ bank and Roy Morgan Research showed Tuesday.Original Article Read More →

Eurozone is forecast to grow slower than earlier projected this year, as economic momentum moderated in the first half after vigorous expansion, the European Commission said Thursday. Moreover, the EU warned that further escalation of trade tensions could take a Read More →

First-time claims for U.S. unemployment benefits fell by more than expected in the week ended July 7th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims dropped to 214,000, a decrease of Read More →