Natural gas retreats as traders react to the bearish EIA report….Read More
Tag: financial market
Powell Says Time Has Come For The Policy To Adjust
He noted that his confidence has grown that inflation was on the path to Fed’s 2% target. According to Powell, the Fed does not seek or welcome further cooling of…
Germany’s HCOB Services PMI Drops to 51.4 in August, with Input Prices Lower
According to the Flash Survey, New business across the German services sector barely increased in August. Firms also reported sharp falls in new export business orders. Backlogs of work declined,…
FOMC Minutes Show Fed Sees Significant Progress On Inflation
The Minutes showed that total PCE inflation was near the 2% target at an annual rate, while core PCE inflation was just below 2%. The participants “expected core nonhousing services…