Economic data released in September again show soft global economic growth and slow progress reducing inflation. Several central banks reduced official interest rates, including the US Federal Reserve for the first time this cycle and by 50bps taking the Funds rate...
The latest labour force report for August shows employment up more strongly than widely expected. Total employment is up 47,800 in August after a revised 48,900 gain in July. Over the year ending August employment is up 374,700, or 2.7% y-o-y, a remarkable increase...
Over recent months several major central banks around the world have started to cut official interest rates and this week the US Federal Reserve looks set to join the group. None of the central banks cutting official rates have brought inflation down to their...