Fed will raise rates in December – US jobs report review

Dec 04, 2015 18:30 pm UTC| Commentary

Despite some slowdown from an impressive October, hiring remained solid in November after payroll gains decelerated sharply in August and September. This underlines that outside of manufacturing and mining the US economy...

Russia's inflation begins its descent

Dec 04, 2015 18:08 pm UTC| Commentary Economy

Russia inflation decelerated to 15.0% y/y in November, from 15.6% y/y the previous month. This was slightly less than the forecast and the consensus. While inflation has declined, the monthly level at 0.8% m/m is still...

November jobs report gives Yellen green light

Dec 04, 2015 18:03 pm UTC| Commentary Central Banks

Todays jobs report was the last key release ahead of the FOMC meeting on 15-16 December and should make the Fed feel comfortable about raising the Federal funds rate target for the first time since 2006. The November...

Finnish economy still struggling

Dec 04, 2015 17:54 pm UTC| Commentary Economy

Finlands third-quarter GDP decreased by 0.5% from the previous quarter, according to Statistics Finlands preliminary estimate. Compared with the third quarter of 2014, GDP adjusted for working days contracted by 0.2%....

Canadian employment falls -36K post-election

Dec 04, 2015 15:48 pm UTC| Commentary

Canadian employment was down in November, declining by 36K net positions. This pullback follows on the heels of Octobers election-fueled increase of 44K net positions. The labour force was relatively unchanged on the...

Solid US jobs report clears way for Fed rate hike

Dec 04, 2015 15:44 pm UTC| Commentary

The Fed is very likely to increase interest rates at the December 15/16 meeting as the US labor market continues to improve. The US economy created 211k new jobs in November while the unemployment rate remained at its...

US October trade report trims GDP tracking estimates

Dec 04, 2015 15:25 pm UTC| Commentary

The US trade deficit came in at -$43.9bn October, wider than forecast and consensus expectations of $40.5bn in part due to a revision to prior months data. The September trade deficit was revised to $42.5bn, up from...