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US Consumer prices are expected to have risen 0.6% last month and 5.8% over the prior year, according to estimates. Excluding the cost of food and fuel, core inflation is projected to be 4.3% on a year-over-year basis.
US PPI 0.6% M/M, Exp. 0.6% PPI Core 0.4% M/M, Exp. 0.5% PPI 8.6% Y/Y, Exp. 8.6% PPI Core 6.8% Y/Y, Exp. 6.8%
Last week, The Fed announced a $15 billion monthly cut to its $120 billion in monthly purchases of Treasuries and mortgage-backed securities, but chair Jerome Powell said the U.S. central bank would be patient in deciding when to raise its benchmark overnight interest rate from near-zero levels.
:Headline: 531,000 vs 455,000 expected and a higher revision to 312,000 last -Average hourly earnings: 0.4% vs and expected 0.4% and 0.6% last -Unemployment Rate: 4.6% vs 4.7% expected
The US Jobs Report will be announced in 15 minutes. US Nonfarm Payrolls are expected to rise 450K in October from 194K in the previous month. The Unemployment Rate is expected to drop to 4.7% from 4.8%. Average hourly earnings are expected to come out 4.9%, year on a year basis
Pay attention to the US Non-Farm Payrolls today! The US Jobs Report will be released at 12:30 p.m. (GMT). Why Is This Important? The Non-Farm Payrolls track the change in the number of people employed by the US in manufacturing, construction, and goods compani...
The Bank of England defied market expectations by keeping interest rates on hold, putting concerns about slowing growth above predictions for a spike in inflation. Policy makers led by Governor Andrew Bailey voted 7-2 to keep the benchmark lending rate at 0.1%, and 6-3 to maintain their bond buyi...
- While tapering, Fed will continue to provide strong support to the economy - Covid has stunted the economic recovery - Real GDP growth has slowed notably - Economic growth should build momentum as Covid subsides - The rate of job growth has slowed...
- While tapering, Fed will continue to provide strong support to the economy - Covid has stunted the economic recovery - Real GDP growth has slowed notably - Economic growth should build momentum as Covid subsides - The rate of job growth has slowed...
- Federal Reserve announces it will begin tapering of asset purchases in November - Fed to trim monthly Treasury purchases by $10 billion per month - Fed to trim MBS purchases by $5 billion per month
FED SAYS TAPER STARTING NOVEMBER, MONTHLY REDUCTIONS OF $15B FED SAYS PREPARED TO ADJUST PACE OF TAPER AS WARRANTED FED: INFLATION ELEVATED DUE FACTORS EXPECTED TO BE TRANSITORY
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