From CNBC Philadelphia Federal Reserve Bank President Patrick Harker said on Friday that the U.S. central bank remains on track to meet its inflation goal and reiterated his support for a further two interest rate increases this year. "Turning to inflation, things are still on track, despite a couple of months trending in the wrong direction," Harker said in prepared...
From CNBC Philadelphia Federal Reserve Bank President Patrick Harker said on Friday that the U.S. central bank remains on track to meet its inflation goal and reiterated his support for a further two interest rate increases this year. "Turning to inflation, things are still on track, despite a couple of months trending in the wrong direction," Harker said in prepared...
It's difficult to tell from the headlines of May's job situation was good or bad. The unemployment rate slumped to a near-record low of 4.3%, but the nation only added 138,000 new jobs last month. That fell well short of the expected 185,000, and was a bit shocking considering payroll processor ADP reported a whiz-bang beat of its payroll-growth estimates...
It's difficult to tell from the headlines of May's job situation was good or bad. The unemployment rate slumped to a near-record low of 4.3%, but the nation only added 138,000 new jobs last month. That fell well short of the expected 185,000, and was a bit shocking considering payroll processor ADP reported a whiz-bang beat of its payroll-growth estimates...
If crude prices can just get over a couple of nearby humps, the undertow will take care of the rest. ———————————————————————————————- Though they've been burned before, the proverbial natives are restless. That is to say, the oil bulls and would-be buyers are getting antsy in anticipation of a long-awaited breakout from crude, and there's good reason for the optimism. On...
If crude prices can just get over a couple of nearby humps, the undertow will take care of the rest. ———————————————————————————————- Though they've been burned before, the proverbial natives are restless. That is to say, the oil bulls and would-be buyers are getting antsy in anticipation of a long-awaited breakout from crude, and there's good reason for the optimism. On...
Oil’s long-term trading average is crossing above its short-term average, charts show By Mark DeCambre, MarketWatch After taking a beating over the past several months, crude-oil prices may be turning a corner, with a bullish chart pattern crystallizing in recent trade. A so-called golden cross, which occurs when the long-term trading average of an asset crosses above its short-term average,...
Oil’s long-term trading average is crossing above its short-term average, charts show By Mark DeCambre, MarketWatch After taking a beating over the past several months, crude-oil prices may be turning a corner, with a bullish chart pattern crystallizing in recent trade. A so-called golden cross, which occurs when the long-term trading average of an asset crosses above its short-term average,...
The San Francisco Fed president would let prices grow faster—sometimes. By Peter Coy, Bloomberg The Federal Reserve would never get a medal in archery. Since January 2012, when it publicly adopted a target of 2 percent for annual inflation, it has undershot in 59 of 63 months. John Williams, president of the Federal Reserve Bank of San Francisco, believes there’s...
The San Francisco Fed president would let prices grow faster—sometimes. By Peter Coy, Bloomberg The Federal Reserve would never get a medal in archery. Since January 2012, when it publicly adopted a target of 2 percent for annual inflation, it has undershot in 59 of 63 months. John Williams, president of the Federal Reserve Bank of San Francisco, believes there’s...
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