Later before the stock open, the industrial production and capacity utilization came out weaker which helped to quell any concerns about overheating growth.įed officials also allayed fears of a 100 basis point hike. The retail sales did come out at 1.0% vs 0.8% with the control group up 0.8% vs 0.3% est, but there was a revision to that measure to -0.3% vs 0.0% last month which took out some of the sting of the increase Recall from last month, the sharp fall in consumer sentiment was a catalyst for the Fed to hike by 75 basis points as concerns about inflation threatened the growth prospects in the economy.įor retail sales, after stronger than expected CPI this week, a runaway report could tilt the markets and the Fed to a 100 basis point hike at their July 27 meeting. The US retail sales were anticipated today along with the Univ.
ForexLive European FX news wrap: Dollar in focus with US retail sales up next.The CHF is the strongest and the USD the weakest as the NA session begins.Empire Fed July manufacturing +11.1 vs -2.00 expected.US import prices for June 2022 0.2% vs 0.7% estimate.US June advance retail sales +1.0% vs +0.8% expected.Fed's Bostic: Moving 'too dramatically' could undermine economy and add to uncertainty.Italy central bank sees GDP rising 3.2% this year.The market is voting that retail sales weren't 'material' enough.Fed's Bullard: Now sees 3.75% Fed funds at year end from 3.50% previously.US June industrial production -0.2% vs +0.1% expected.Canadian housing activity continues to slow.Bullard: Doesn't make much difference on 75 or 100 bps.US July UMich prelim consumer sentiment 51.1 vs 49.9 expected.US business inventories for May 1.4% vs.Dollar moves lower after better-than-expected Michigan.Lower inflation expectations helps.Daly: Fed is working to get inflation down without stalling economy.Atlanta Fed GDPNowfor 2Q growth -1.5% vs -1.2% last.European indices close the day with solid gains What key earnings releases will be announced next week.Bloomberg: Draghi is determined to quit as Italy's PM.
#Social empires level 100 series
0 kommentar(er)
