Written by Mary Amiti, Oleg Itskhoki, and Jozef Konings from Liberty Street Economics Changes in exchange rates directly affect import prices. Since the beginning of 2014, the U.S. dollar has strengthened by 17 percent against the currencies of its major trading partners while import prices have fallen by 4 percent. The pass-through from exchange rates into…
Hot stocks of the day: SPY, AKS, EWZ Video length: 00:5:53
If the Federal Reserve’s March policy meeting wasn’t a big enough hint in its own right, then yesterday’s speech by Fed Chair Janet Yellen should have gotten the message across loud and clear: the Fed’s rate liftoff will be gradual, and that accommodative monetary policy remains in place. Markets have certainly gotten the message. While some non-voting FOMC members…
ADP reported non-farm private jobs growth at 200,000. The rolling averages of year-over-year jobs growth rate remains strong but the rate of growth continues in a downtrend (although unchanged this month). The market expected 165,000 to 225,000 (consensus 203,000) versus the 200,000 reported. These numbers are all seasonally adjusted; In Econintersect‘s March 2016 economic forecast released…
The relief of above-$40 oil, felt in mid March, was short-lived as oil has returned to the declining trail once again. Yes, the possibility of a rebalancing of the oil market in the wake of the potential output freeze deal by major producers spread optimism in the oil patch; but the double whammy of a…
Technical Outlook: SPX had a solid day yesterday following dovish remarks about future rate increases from Janet Yellen. Her dovish outlook as it pertains to rate hikes has been, in large part, the reason for the massive rally off of the February lows. Volume yesterday on the SPY was notably higher than recent days, but…
Now that Yellen has taken us back to square one where the worse the news, the better for assets, the latest announcement by Boeing (BA), which overnight announced it will eliminate about 4,000 jobs in its commercial airplanes division by the middle of this year and another roughly 550 jobs in a division that conducts…
EUR/USD The EUR/USD pair initially fell during the day on Tuesday, but found enough noise and support below to turn around and shoot much higher. With this, it’s very likely that we will continue to see quite a bit of bullish pressure and now that we are touching the 1.13 level, I now think that…
The DAX 30 (FXCM: GER30) is higher by 0.83% at the time of writing as the Fed’s Yellen hinted on Tuesday that the Fed will be careful when it comes to further rate hikes. External pressures such as softer emerging markets and crude oil prices appear to be playing a bigger role in the Fed’s monetary policy….
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Because chronic conditions are difficult to manage by patients at home, with complications, hospitalizations and other expensive interventions sometimes necessary, they account for more than 75% of healthcare costs worldwide. To meet this…
