FED leaves rates unchanged

Federal Reserve issues FOMC statement

Information received since the Federal Open Market Committee met in January indicates that the labor market remains strong but that growth of economic activity has slowed from its solid rate in the fourth quarter. Payroll employment was little changed in February, but job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Read more

The ECB; Rates remain unchanged at least through the end of 2019

At yesterday’s meeting the Governing Council of the European Central Bank (ECB) took the following monetary policy decisions:

(1) The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. The Governing Council now expects the key ECB interest rates to remain at their present levels at least through the end of 2019, Read more

4Q 2018 GDP shows U.S. economy is better than thought

The U.S. economy was better than expected at the end of 2018, but it’s probably too soon to give it a clean prediction of health for 2019. That’s the main takeaway from the shutdown-delayed yesterdays report on fourth-quarter GDP, which cooled by less than expected (2.2 percent) to a 2.6 percent annualized gain thanks to surprisingly robust business investment and a stalwart consumer. Read more

US Unemployment Rate 2009 – 2019

Total nonfarm payroll employment increased by 304,000 in January, and the unemployment rate edged up to 4.0 percent from the previous 3.7 percent from September and November 2018, the U.S. Bureau of Labor Statistics reported on February 02. So, let’s take a quick look at the 10 year US Unemployment chart, from the highest crisis point at 10 percent, which was on October 31. 2009. After that date, the unemployment rate was in constat fall, with short-term increases from time to time. That’s how, the average in this 10 years is 6.8 percent Read more