US labor market gives hollow feeling to recovery

Oct 28, 2015 04:39 am UTC| Commentary Economy

Deep dissatisfaction with US labor market has been a hallmark of the current US economic recovery, as well as the previous ones since the 1990s. Despite significant improvement on a wide variety of other labor market...

Polarization helping to keep USD relatively lower

Oct 28, 2015 04:38 am UTC| Commentary

The continued low inflation outlook in United State, despite falling unemployment, suggests the risks are skewed toward a later hike than December. Polarization may be having a mixed effect on the USD despite its...

Strong GBP and Europe's week growth impacts UK's exports

Oct 28, 2015 04:34 am UTC| Commentary Economy

UKs private consumption is stimulated by a combination of low interest rates, very high consumer confidence, increasing house prices, high employment and positive real wage growth for the first time since 2009. Going...

Investors likely to be pressurised by not so great US economic data

Oct 28, 2015 04:31 am UTC| Commentary

US durable goods orders fell for the second month in a row, falling 1.3 percent in September, after a sharp drop of 3 percent in August. The strong dollar is indeed a drag on manufacturers doing business abroad....

Polarization may help explain U.S. soft wages

Oct 28, 2015 04:28 am UTC| Commentary Economy

In U.S., polarization may be breaking the usual links between standard measures of labor market capacity and inflation. A growing puzzle for markets and policymakers has been the apparent decline of the non-accelerating...

U.S. Q3 GDP tracking 1.0% after September durable goods orders

Oct 28, 2015 04:12 am UTC| Commentary

U.S. durable goods orders fell 1.2% m/m in September, broadly in line with expectation. A sharp 35.7% m/m drop in nondefense aircraft orders subtracted 2.2pp from the headline reading. Excluding transportation, orders fell...

BoE's focus on UK CPI inflation

Oct 28, 2015 04:08 am UTC| Commentary Central Banks

In the three months to August, UK employment was 0.5% higher compared to the three months to May. The last observation in Q3 is still missing but this suggests that there was no productivity growth in Q3 (employment and...