Data Supportive of Fed Funds Hike in December
|U.S. Review
Data Supportive of Fed Funds Hike in December
- Three of the leading U.S. inflation indicators, the consumer price index, the producer price index and the import price index, collectively showed a firming of inflation in October.
- Industrial production growth surged in October, but the gain was overstated by rebound effects from Hurricanes Harvey and Irma.
- Retail sales rose 0.2 percent in October. Over the past year, sales are up 4.6 percent amid strength in building supplies and non-store retailers.
Global Review
Steady Growth in the Global Economy
- The global economy has continued to show signs of steady economic growth even though growth varies across countries. Case in point was this week’s release of Russia’s economic performance during the third quarter of the year, which came in lower than market expectations, up only 1.8 percent on a year-earlier basis.
- Meanwhile, the Eurozone reported that industrial production was down 0.6 percent in September on a sequential basis after a strong result in August, up 1.4 percent sequentially.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.