- Wednesday, 11 October 2017
- News
Fed divide on inflation intensified at September policy meeting
Federal Reserve policymakers had a prolonged debate about the prospects of a pickup in inflation and slowing the path of future interest rate rises if it did not, according to the minutes of the U.S. central bank's last policy meeting on Sept. 19-20 released on Wednesday. The readout of the meeting, at which the Fed announced it would begin this month to reduce its large bond portfolio mostly amassed following the financial crisis and unanimously voted to hold rates steady, also showed that officials remained mostly sanguine about the economic impact of recent hurricanes.
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- Wednesday, 11 October 2017
- News
JOLTS Job Openings little changed in August
The number of job openings was little changed at 6.1 million on the last business day of August, the U.S. Bureau of Labor Statistics reported today. Over the month, hires and separations were also little changed at 5.4 million and 5.2 million, respectively.
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- Friday, 06 October 2017
- News
US Unemployment Rate fell to 4.2%
The unemployment rate declined to 4.2 percent in September, and total nonfarm payroll employment changed little (-33,000), the U.S. Bureau of Labor Statistics reported today. A sharp employment decline in food services and drinking places and below-trend growth in some other industries likely reflected the impact of Hurricanes Irma and Harvey.
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- Wednesday, 04 October 2017
- News
ISM Non-Manufacturing PMI grew to 59.8
Economic activity in the non-manufacturing sector grew in September for the 93rd consecutive month, say the nation’s purchasing and supply executives in the latest Non-Manufacturing ISM Report On Business. The NMI registered 59.8 percent. This is the highest reading since August 2005 when the index registered 61.3 percent. The NonManufacturing Business Activity Index increased to 61.3 percent, 3.8 percentage points higher than the August reading of 57.5 percent. The New Orders Index registered 63 percent, 5.9 percentage points higher than the reading of 57.1 percent in August.
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