Headline: +0.60% vs. 0.8% exp. vs. 23.7% (r prev.)
X-Autos: -0.40% vs. 0.5% exp. vs. 15.7% (r prev.)
Mtl JP 22:37:40 GMT - 09/17/2020
WOW !! I am impressed:
Weekly Jobless Claims: 860,000 vs 825,000
under a million. a MILLION !
it appears trump and jerome are doing something right
As donkeyhole economist is fond of saying on the other hand:
(remember the promise: the meek shall inherit)
A majority of young adults in the U.S. live with their parents for the first time since the Great Depression
..."In July, 52% of young adults resided with one or both of their parents, up from 47% in February,
BOE discussion on negative rates has seen GBP fall.
AT Trader john 11:05:15 GMT - 09/17/2020
No surprise from BOE.
AT Trader john 11:00:13 GMT - 09/17/2020
September 17, 2020 Bank of England Policy Decision
-- NEWS ALERT --
Policy: Repo rate steady at 0.10%
Vote: 9-0 Bank of England
AT Trader john 09:01:42 GMT - 09/17/2020
Eurozone final HICP (CPI) August 2020
yy:-0.2% vs. -0.20% exp. vs. -0.20% prev.
yy: +0.4% vs. +0.40% exp. vs. +0.40% prev.
AT Trader john 18:26:35 GMT - 09/16/2020
For release at 2:00 p.m. EDT
The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals.
The COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world. Economic activity and employment have picked up in recent months but remain well below their levels at the beginning of the year. Weaker demand and significantly lower oil prices are holding down consumer price inflation. Overall financial conditions have improved in recent months, in part reflecting policy measures to support the economy and the flow of credit to U.S. households and businesses.
The path of the economy will depend significantly on the course of the virus. The ongoing public health crisis will continue to weigh on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook over the medium term.
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. With inflation running persistently below this longer-run goal, the Committee will aim to achieve inflation moderately above 2 percent for some time so that inflation averages 2 percent over time and longer-term inflation expectations remain well anchored at 2 percent. The Committee expects to maintain an accommodative stance of monetary policy until these outcomes are achieved. The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and expects it will be appropriate to maintain this target range until labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2 percent and is on track to moderately exceed 2 percent for some time. In addition, over coming months the Federal Reserve will increase its holdings of Treasury securities and agency mortgage-backed securities at least at the current pace to sustain smooth market functioning and help foster accommodative financial conditions, thereby supporting the flow of credit to households and businesses.
In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals. The Committee's assessments will take into account a wide range of information, including readings on public health, labor market conditions, inflation pressures and inflation expectations, and financial and international developments.
Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michelle W. Bowman; Lael Brainard; Richard H. Clarida; Patrick Harker; Loretta J. Mester; and Randal K. Quarles.
Voting against the action were Robert S. Kaplan, who expects that it will be appropriate to maintain the current target range until the Committee is confident that the economy has weathered recent events and is on track to achieve its maximum employment and price stability goals as articulated in its new policy strategy statement, but prefers that the Committee retain greater policy rate flexibility beyond that point; and Neel Kashkari, who prefers that the Committee to indicate that it expects to maintain the current target range until core inflation has reached 2 percent on a sustained basis.
Implementation Note issued September 16, 2020
Mtl JP 18:04:40 GMT - 09/16/2020
pompous they are :
..."The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals." .../..
AT Trader john 18:03:48 GMT - 09/16/2020
Fed very dovish as expected.
AT Trader john 18:01:35 GMT - 09/16/2020
U.S. Fed Policy Decision September 16, 2020
Fed Funds Target Range unchanged at 0.00% to 0.25%
sterling higher after tories look to have come to a deal on the internal mkt bill. boris threaten to break the WA if necessary and this upset some MPs but now it looks like MPs will get a veto on this issue. while this is a step forward here, it doesnt alter the post brexit deal. in fact, boris was to only use the threat on renaging on the WA if the EU backtracked themselves, so in the event that the EU does this and Boris goes to the MPs, the MPs are likely to give the green light anyway. what the whole thing might do is slightly weaken Boris' position at the table with the EU, but armed with the backing of MPs its debatable.
AT Trader john 14:34:05 GMT - 09/16/2020
US EIA Weekly Inventories
Crude Oil: -4.390 v +2.000 exp v +2.000 prev.
Distillates: 3.4610 v +400 exp v -1.700 prev.
Gasoline: -0.381v -0.600 exp v -3.000 prev.
Import Prices May 2020
+0.50% vs. +0.50% exp. vs. +0.70% prev.
I think you don't have correct no. for Import Prices .... data I have is +0.9% and not +0.5% as you stated
AT Trader john 12:34:38 GMT - 09/15/2020
Import Prices May 2020
NEWS ALERT +0.90% vs. +0.50% exp. vs. +0.70% prev.
AT Trader john 12:32:43 GMT - 09/15/2020
EMPIRE PMI September
+17.0 vs. +6.0 vs. +3.7
AT Trader john 09:10:18 GMT - 09/15/2020
ZEW beats expectations.
AT Trader john 09:04:32 GMT - 09/15/2020
German ZEW Survey September 2020
Current Situation (Sentiment): 77.4 vs. +60.0 exp. vs. +71.5 prev.
Conditions: -66.2 vs. -70.3 vs. -81.3.
Actionable trading levels delivered LIVE to YOUR charts
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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