www.varchev.com

Temperature of U.S. Economy Running Cooler Than Forecast

Rating:

12345
Loading...

The Bloomberg U.S. Economic Surprise Index, which measures whether incoming economic data beat or miss expectations of surveyed economists, fell below zero Thursday for the first time this year to the lowest point since just after last November's election. Economists, though, still project a pickup in second-quarter growth.

Since the election, businesses and consumers have evinced confidence that the new administration would bolster the economy with less regulation, lower taxes and spending on infrastructure. While there has been some reduction in rules, Congress has yet to act on major programs to cut taxes or spend on airports or highways.

"Economic surprise indexes give you some kind of clue whether the economy is gaining momentum or losing momentum," said Mark Vitner, a senior economist at Wells Fargo Securities LLC in Charlotte, North Carolina. "Folks were expecting too much too soon."

Among the reports released this month, data on employment, auto purchases, consumer prices and retail sales have all come in below economists' expectations.

The Federal Reserve on Wednesday raised interest rates by a quarter point, which "reflects the progress the economy has made and is expected to make," Chair Janet Yellen said at a press conference following the policy makers' meeting. "Economic growth appears to have rebounded, resulting in a moderate pace of growth so far this year."

Source: Bloomberg Pro Terminal

Junior Trader Stefan Panteleev


 Varchev Traders

Read more:

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance

London


25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256

Universal numbers

World Financial Markets - 0700 17 600    Varchev Exchange - 0700 115 44

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.


Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

chat with dealer
chat with dealer
Cookies policy