US Economy

By My Trading Buddy | News & Stories affecting the US Economy and those that are Investing and Trading Assets associated with the US Dollar, whether Stocks, Options, Futures or Forex

USD Extends Recovery from Four-Month Lows | MTB Market Analysis

Contrary to popular wisdom, the U.S. dollar declined sharply in the wake of the Federal Reserve’s March 15 rate hike. The decline culminated in fresh …

U.S. economic growth revised higher, boosted by consumer spending

WASHINGTON (Reuters) - U.S. economic growth slowed less than previously reported in the fourth quarter as robust consumer spending provided a boost that was partially offset by the largest gain in imports in two years.<p>People cross Broadway with shopping bags in Manhattan, New York City, U.S. …

Economy

Fed Rate Rise Triggers Massive Slide in US Dollar | MTB Market Analysis

The Federal Reserve’s decision to raise interest rates earlier this month has triggered a landslide in the US dollar, proving once again that …

Central Banks Rundown: Monetary Policy Continues to Drive Markets | MTB Market Analysis

Monetary policy has been a key driver of the global financial markets since the 2008 U.S. subprime mortgage crisis, which quickly devolved into the …

Trump and VIX - A Volatile U.S. President - A Volatile Market

Donald Trump’s surprise election win triggered a meteoric rise in global equities, as investors rallied behind expectations of faster economic …

More Bank Capital Could Kill the Economy

In the decade since the financial panic of 2008, politicians and bureaucrats joined in a remorseless and determined effort to tighten regulation. Banks have been required to hold more capital against their risky assets, in the belief that this would make them—and the economy—safer. Neel Kashkari, …

Economy

Experts Divided on What Trump Policies Mean for the Economy

Despite rising stock prices, some experts remain concerned that economic proposals from the campaign of President Donald Trump will hurt the economy. …

Economics

March 2017 Market Outlook - Important Economic Events | MTB Market Analysis

Although Donald Trump’s victory in the US Presidential elections resulted in an immediate upturn in business sentiment in the country, the highly …

These are the facts about the US trade deficit Trump has failed to mention

President Donald Trump regularly tells Americans they're getting "killed on trade," a reference to the U.S.'s trade deficit — that is, the amount by …

Economics

As Trump Eyes Trade War, These Countries Could Be the Next Targets | MTB Market Analysis

U.S. President Donald Trump has made international trade the centre of his campaign to “make America great again.” So far, he has singled out China …

Mid-Week Markets Bullet Report - Yellen Testimony in Focus | MTB Market Analysis

<b>Mid -Week Markets Bullet Report – February 15, 2017</b><p>The momentum in Dollar strength and Stock markets has continued yesterday and this morning as FED …

Trump Vs. Yellen: Could This Relationship Affect the Economy? | MTB Market Analysis

Wouldn’t it be wonderful if the president of the United States and the Federal Reserve saw eye to eye? But this is the real world and this is an era …

Fed Economist Using News, Social Media to Track Economy

What'd You Miss?<p>February 13th, 2017, 4:12 PM UTC<p>Daniel Wilson, San Francisco Federal Reserve Bank research adviser, discusses the predictive power of …

Economy

The U.S. Wage Data For 2016 Shows An Odd Gender Anomaly

The Federal Reserve is pleased to see unemployment falling. It’s one reason they are now taking small steps toward tighter interest rates. Rising wages will be an important signal that inflation is picking up.<p>We see in this chart from the Atlanta Federal Reserve Bank that wages are indeed rising, …

Economy

Trump's Trade Policies Only Make the Dollar Stronger

Expect another leg up for the greenback of 10 percent to 15 percent.<p>Donald Trump is off to a controversial start as U.S. president, but for the most part financial markets have been fairly relaxed about American and global economic prospects despite the lack of any precise contours for the new …

Economics

Kashkari Says Economy Still Needs Low Rates as Inflation Lags

Federal Reserve Bank of Minneapolis President Neel Kashkari justified his vote last week to leave interest rates unchanged by saying inflation is in …

Economy

Goldman economists see more risks for U.S. economy

(Reuters) - A fiscal boost to the United States is more likely in 2018 than this year, according to Goldman Sachs economists, as “the balance of risks is somewhat less positive” one month into the new year and as U.S. President Donald Trump’s growth-boosting agenda could be offset by negative …

Economy

Economists estimate the long-term consequences of big tax cuts

President Trump and Congress are likely to consider an historically broad range of tax and spending changes over the next year. But they’ll be doing …

After Trump moves to undo financial regulations, Sanders calls him 'a fraud'

Former presidential candidate Sen. Bernie Sanders on Sunday cast President Donald Trump's moves this week to undo financial regulations enacted following the 2008 financial crisis as a betrayal of his campaign promises to stand up against Wall Street.<p>"This guy is a fraud," Sanders, I-Vt., said on …

Bernie Sanders

The US tried extra-high tariffs before, in 1930. It was a disaster.

US President Donald Trump talks a lot about the evils of trade deals and trade imbalances. To combat this, one of his proposals is to slap tariffs — taxes on imports — on US trading partners.<p>Yet vast economic research shows: trade makes us much more prosperous. So, what’s going on?<p>To understand how …

Economics

STOCKS GO NOWHERE AFTER FED HOLDS: Here's what you need to know

Stocks didn't move much after the Federal Reserve kept their key interest rate on hold.<p>Stocks moved slightly after the news, but didn't make major gains on the day as all three major US stock indexes pushed into the green.<p>Bond yields did sink slightly following the Fed's decision, but remained up …

Economy

It`s The Fed`s Responsibility To Pop Asset Bubbles

By EconMatters<i></i><br>It is pretty obvious the stock market is not, and has not been trading on actual earnings for a long time, but at these valuations it …

Economy

GDP shows economy slows to 1.9% growth - MarketWatch

A previous version of this report misstated the rate of GDP growth for 2016. It has been corrected.<p>WASHINGTON (MarketWatch) — The U.S. economy’s …

Economy

UK remains fastest growing economy in western world after growing 0.6pc in final quarter of 2016

Supermarket price wars will limit the strain on household budgets this year, the Chancellor said on Thursday, as official figures cemented the UK's position as the fastest growing major advanced economy in 2016.<p>Philip Hammond said the "incredible market share war" between supermarkets over the past …

Here's every US state's December unemployment rate

The Bureau of Labor Statistics recently released the December unemployment rates for each of the 50 states and DC.<p>According to the Bureau, the unemployment rate fell in 10 states from the previous month, rose in one state, and stayed more or less unchanged in 39 states and Washington, …

Economy

Trump didn’t kill TPP, the people did

Don’t let him take the credit for the Trans-Pacific Partnership’s demise, it was already dead – and no thanks to Hillary Clinton<p>Can everyone stop saying Donald Trump killed off the Trans-Pacific Partnership? He didn’t. It was already dead. Thanks to pressure from ordinary Americans – yes, it really …

Bernie Sanders

This is How Trump Can Fix the U.S. Economy's Biggest Problem

The biggest risk to the U.S. economy is lopsided growth said American Enterprise Institute President Arthur Brooks.<p>“All growth is stuck in the top quintile distribution,” Brooks told the FOX Business Network’s Maria Bartiromo on Tuesday. “Effectively, the top fifth of the American income …

American Enterprise Institute

Holiday spending surpasses expectations

Initial reports about holiday spending bode well for retailers.<p>Consumers spent 16% more on holiday purchases this year than in 2015, according to the …

Loynes: U.S. Economy Close to Capacity Pushes Inflation

Bloomberg Surveillance<p>January 12th, 2017, 12:32 PM UTC<p>Jonathan Loynes, chief economist at Capital Economics, and Stephen King, senior economic …

Economy