Federal Reserve Bank

Good day, everyone. The Philadelphia Federal Reserve's manufacturing index, one of the broad indices that  businesses and investors toss into their analytical stew, rose in January to a seasonally adjusted reading of 17 from 9.1 in December. Any reading above zero indicates improving...

After an impressive start to the week, markets appear to face some tough sledding Thursday as investors eye disappointing earnings from Morgan Stanley (NYSE: MS), lack of progress on China trade, and no end in sight to the U.S. government shutdown. While focus in the early going might be on MS, the...

Data on producer prices shows that overall inflation pressure calmed further in December, weighed down again by declines in energy prices. Industry detail showed that trucking rates continued to surge, however, driven by another large gain in long-distance trucking rates. The Bureau of Labor...

Earnings season starts to pick up the pace this week, with reports from JP Morgan (NYSE: JPM) and Wells Fargo (NYSE: WFC) scheduled before market open on Tuesday, Jan. 15.  Between the Fed’s rate hike path, growing concerns regarding global economies and future growth, and geopolitical...

Today’s opening bell rings in the U.S. earnings season, but many investor eyes glanced warily across the Pacific in the early going as markets around the world reeled from more bearish Chinese economic data. There’s a lot to take in as the week gets underway, including earnings from...

Although stocks have been chalking up gains in recent days, the market is looking like it is beginning to doubt that the rally has much more steam left. Stocks seesawed between losses and gains Thursday as investors digested a bevy of inputs, some bearish and others encouraging. The market ended...

EUR/USD consolidates gains at the highest levels since October after the dovish Fed twist. The Fed remains in focus as Chair Powell, and other members speak. The technical picture is looking good for the pair. EUR/USD is holding onto its gains around 1.1550. The pair finally broke out of range on...

EUR/USD is edging higher within the range as a new week begins. Developments on US-Chinese talks and a top-tier US figure stand out. The technical picture is mixed for the pair. ​​​​​​EUR/USD is moving up as the first full week of 2019 commences. Markets are optimistic after Fed Chair Jerome...

Crucial payrolls report as equities signal global economic concerns spreading to United States Christmas retail sales indicate American healthy consumer spending Moderate improvement expected in job creation The U.S. Labor Department will issue its Employment Situation Report on Friday January...

What you need to know before markets open Main themes: The Chicago Fed national activity index increased to +0.22 in November, up from a neutral reading in October. Secretary Mnuchin conducted a series of calls today with the CEOs of the nations six largest banks to discuss banking sector...

(Wednesday Post-Fed) After putting the pedal to the floor on rate hikes this year, the Fed appears ready to ease off a bit in 2019. As the Fed raised rates Wednesday for the fourth time in as many quarters, it projected only two for next year. This comes amid a murky backdrop of tariff wars,...

Following the release of strong U.S. data, the euro took a hit as investors saw the direction of the eurozone economy diverging from that of the U.S. The common currency traded at $1.3466 at 8:20 GMT on Wednesday, near an eight-month low reached on Tuesday. On Tuesday, the U.S. Labor...