Daily Data Flow
Daily Data Flow: Fed Pulls Trigger on QEIII; Gold Jumps 2% on Fed Move; Apple Shares Rise Due to iPhone 5 Launch
Fed Undertakes QE3 With $40 Billion Monthly MBS Purchases (Bloomberg) The Federal Reserve said it will expand its holdings of long-term securities with open-ended purchases of $40 billion of mortgage debt a month as part of a third round of quantitative easing intended to boost growth and reduce unemployment. The Fed’s policymaking committee said it probably would hold the […]
Daily Data Flow: Killing of U.S. Envoy Triggers Need to Boost Diplomatic Security; U.S. Stocks Rise as German Court Allows European Bailout Plan; Wholesale Inventories Climb
U.S. Envoy Killed in Libya (Marketwatch) Rioters angered by the release of a film they considered insulting to Islam burned down the U.S. consulate in Benghazi, Libya, in an attack late Tuesday that killed J. Christopher Stevens, the U.S. ambassador to the country, and three diplomatic staffers. President Obama and Secretary of State Hillary Rodham […]
Daily Data Flow: New iPhone Could Boost U.S. GDP; Watch for Higher Long-Term Yields
New iPhone could boost U.S. GDP by up to 0.5 percent, JP Morgan says (Reuters) Sales of the new iPhone could add between a quarter and a half percentage point to fourth quarter annualized growth in the United States, according to J.P. Morgan’s chief economist. Using the so-called retail control method, sales of iPhone 5 could boost annualized […]
Daily Data Flow: Expect Low U.S. Interest Rates for Three Years; China Widens Trade Surplus; AIG Update
Fed Stuck at Zero Into 2015 Seen in Swaps, QE Odds Reach 99% (Bloomberg) Money Market traders now expect to see U.S. borrowing costs at record lows for three more years as the economic outlook worsens. Current bond prices indicate slow growth possibly for a prolonged period. A U.S. interest rate strategist cautioned that the problems […]