(Philadelphia Fed) Philadelphia Federal Reserve President Patrick T. Harker believes the central bank should slowly and methodically taper $120 billion in bond purchases. Harker says he sees a “cautious optimism”…
(Financial Times) US Democrats in Congress are seeking a way to raise the debt ceiling even as policymakers and some government officials warn of looming default. Top Democrats are already…
(European Commision) Economic sentiment shows stability in Europe, with the index up by 0.2 points to 117.8 in September in the euro area, but unchanged at 116.6 in the EU.…
(Bloomberg) The hidden debt held by China’s local governments stood at 53 trillion yuan or $8.2 trillion at the end of 2020, more than triple from 16 trillion yuan in…
(The Conference Board) US Consumer Confidence Index fell to 109.3 in September, from 115.2 in August following renewed fears over the spread of the Delta variant. The Present Situation Index…
(Census Bureau) The US registered an international trade deficit of $87.6 billion in August, up by $0.8 billion from July. Exports of goods rose by $1.1 billion from July to…
(NBS) China’s industrial profits eased to a 10.1% annual growth to reach 680.2 billion yuan or $105 billion in August, down from 16.4% expansion in the year to July. In…
(Federal Reserve Bank of Dallas) Texas manufacturing production index rose by three points to an above-average reading of 24.2 in September, signifying a robust output growth. The shipment and capacity…
(Census Bureau) US durable goods orders rose by 1.8% or $4.6 billion in August to hit $263.5 billion. The increase happens for fifteen of the last sixteen months after another…
(The Conference Board) The US Conference Board Leading Economic Index reached 117.1 in August, up 0.9% and after another increase of 0.8% in July. The index had risen by 0.6%…
(IHS Markit) US Composite Output Index was 54.5 in September, a decline from 55.4 in August. The output index was at a 12-month low as activity was hampered by slowdowns…
(Department of Labor) US Jobless claims rose by 16,000 to reach 351,000 in the week that ended September 18. The claims were higher than the projected 320,000. Fig: US Initial…