UK central bank votes to keep interest rates at 0.75%, and warns that Brexit is making economic data volatile
- OECD cuts 2019 and 2020 growth forecasts
- Last night, Federal Reserve cut rates by 25 basis points...
- ..and was called gutless by Donald Trump
Just in: The US jobs market continues to look healthy, according to the latest weekly jobless report.
Just 208,000 Americans filed new claims for unemployment benefit last week, up 2,000, but still a low level in historical terms.
U.S INITIAL JOBLESS CLAIMS ACTUAL: 208K VS 204K PREVIOUS; EST 213K
U.S CONTINUING JOBLESS CLAIMS ACTUAL: 1661K VS 1670K PREVIOUS; EST 1672
Over in America, the Federal Reserve is holding another liquidity operation to ensure US banks can cover their overnight liquidity needs.
This is because the ‘repo rate’ (the cost of short-term lending between banks) has spiked this week. Policymakers insist this isn’t a sinister development, but obviously want to ensure there’s no shortage of dollars out there...
Today's NY Fed repo has begun with US $75 billion on offer. Yesterday it was $5.05 billion short, so let's see how it goes....Continue reading...
From our friends over at the : Business | The Guardian
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