Page 20 - Philly Fed News Today

US resilience endures; China FDI weaker; Turkey hikes; Argentina tries shock therapy; NZ loan growth limp; freight rates jump; UST 10yr 3.90%; gold up and oil slips slightly; NZ$1 = 62.8 USc; TWI-5 = 70.8

Wall Street rallied a little, the day after a hole in the market caused by a massive put purchase on the S&P500, which forced the market maker to hedge by selling a large number of S&P ETFs, causing...

Philadelphia-area manufacturing activity unexpectedly contracted at an accelerated rate in the month of December, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

A top ranked economics and finance blog with a focus on the housing market

The transition to monetary easing could be a hot theme in 2024. Global central banks excluding the Bank of Japan were more or less synchronized in their battle against high inflation following the pandemic price shock, delivering the most aggressive rate hiking cycle in decades. It’s still uncertain if this disinflation is mainly a result of normalizing supply chains or indeed because of tighter financial conditions (or both). In any case, inflation reacted in the right way, cooling subs...

It will be a quiet Asian session in terms of economic data.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Investors' focus over the next to last trading week of 2023 will shift to Asia, with the Bank of Japan and People's Bank of China both scheduled to announce policy decisions.

A top ranked economics and finance blog with a focus on the housing market