AI
Friday, October 30, 2015 2:17:07 PM
Weak U.S. data clouds December rate hike possibility
U.S. consumer spending in September recorded its smallest gain in eight months as personal income barely rose, suggesting some cooling in domestic demand after recent hefty increases.
The Commerce Department data and another report from the Labor Department on Friday also showed weak inflationary pressures, which would argue against the Federal Reserve raising interest rates at the end of the year.
U.S. central bank policymakers this week put a rate hike in December on the table with a direct reference to their final meeting of the year. The Fed has kept benchmark overnight interest rates near zero since December 2008.
http://in.reuters.com/article/2015/10/30/us-usa-economy-idINKCN0SO1N320151030
U.S. consumer spending in September recorded its smallest gain in eight months as personal income barely rose, suggesting some cooling in domestic demand after recent hefty increases.
The Commerce Department data and another report from the Labor Department on Friday also showed weak inflationary pressures, which would argue against the Federal Reserve raising interest rates at the end of the year.
U.S. central bank policymakers this week put a rate hike in December on the table with a direct reference to their final meeting of the year. The Fed has kept benchmark overnight interest rates near zero since December 2008.
http://in.reuters.com/article/2015/10/30/us-usa-economy-idINKCN0SO1N320151030
My post is for my entertainment, do your own DD before pushing your
buy/sell buttons
Discover What Traders Are Watching
Explore small cap ideas before they hit the headlines.
