Bipartisan negotiators working on a $908 billion pandemic relief package are planning to unveil finer details of their proposal on Monday, according to Bloomberg. The negotiators seek to wither differences…
U.S. nonfarm payrolls rose by only 245,000 in November, remaining below the expected 440,000, and October's 610,000 gains, according to CNBC. The unemployment rate met expectations despite falling from 6.9%…
U.S. recorded a Composite PMI Output Index of 58.6 in November, up from 56.3 in October, the sharpest rate of growth since March 2015, according to IHS Markit press release.…
U.S. initial jobless claims for the week ended November 28 was 712,000, a 75,000 decline from the previous week and below expected 775,000, according to the Department of Labor press…
U.S. private-sector employment rose 307,000 in November, on a seasonally adjusted basis, according to ADP Research press release. Job growth remained positive across all industries and sizes, although the pace…
U.S. November Manufacturing PMI was 57.5%, down 1.8% from October’s 59.3%, and below expected 58.0, according to press release. Manufacturing strengthened for the sixth straight month, but at slower rates…
A bipartisan group of senators are expected to unveil a $908 billion stimulus proposal on Tuesday, according to The Washington Post. The stimulus proposal will break a months-long partisan impasse…
U.S. Consumer confidence plummeted to a reading of 96.1 in November, down from October's 101.4, and expected 98, according to Nasdaq. The fall in consumer confidence was attributed to a…
Emily Murphy, the General Services Administrator, said on Monday that she would avail resources and services to help President-elect Joe Biden begin his presidential transition, according to Business Insider. The…
Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell clashed over whether the U.S. should maintain emergency lending programs to support the economy. In a letter to Fed on…
U.S. seasonally adjusted initial claims for the week ending November 14 was 742,000, up 31,000 from the previous week's revised level and above expected 700,000, according to the Department of…
In a look at news making headlines, Fed voting issues, stimulus packages, and ECB policy are the focus. Here are the monetary policy developments: Shelton’s time is running out in…