US Economy

Will soft GDP drag down the dollar?

A raft of data releases this week, including trade balance, retail sales and building approvals, should have little effect on the Australian dollar. But if GDP comes in weaker than forecast, expect its recent trading range to be tested.

Cautious consumers aren't helping the US recovery

3 comments
Household spending used to be a reliable source of growth, but with consumers remaining cautious post-GFC the US needs to look to business, public spending and exports for support.

Chicago PMI jumps in August

Closely watched gauge for economics activity surges we ahead of expectations.

US pending home sales rebound

by AFP
US pending home sales jump to their highest levels in nearly a year.

US economy tipped to grow 1.5%

by AP
Latest Congressional Budget Office forecast sharply lower than Obama administration's.

US consumer confidence hits 6-year high

by AFP
Sentiment at highest level since February 2008 as August sees fourth straight monthly gain.

US home price growth stalls

US home price index increased 6.2% in 12 months to June, broadly in line with expectations.

US new home sales dip 2.4% in July

US new home sales fell again in July, with numbers falling well short of expectations.

US jobs market improving: Yellen

2 comments
Federal Reserve Chair non-committal about policy impact.

The Week Ahead

Capital expenditure figures for the June quarter will be closely watched, while profit-reporting season moves into the home straight, with earnings expected from Bluescope Steel, Lend Lease and Qantas.

US home sales rise for fourth month

by AP
After a rough start to the year, US housing market recovery shows signs of picking up.

US rate hike debate heating up

Minutes of latest Fed meeting show intensifying debate over timing of rate hikes.

The Fed's doves can't fly forever

1 comment
Risks to US inflation are modest and are mainly on the upside, particularly if wages respond to a strengthening labour market. The Fed's loose policy will be hard to justify for much longer.

The world must inflate or bust; Australia mustn't join in

13 comments
Central banks around the globe are desperately trying to inflate the world's excessive debt away, but for Australia, it would be more damaging in the long term to take part in this inflation race.

US producer prices rise 0.1%

Inflationary pressures remain modest across US economy.

Bonds, not bailouts, for 'too big to fail' banks

Call the bonds Class R -- for reorganisation. Owners might take a haircut, but they'd also become owners of the bank.

The Fed fuels investors' sweet dreams, but for how long?

3 comments
As US inflation and unemployment edge closer to the Federal Reserve's targets, it will be more difficult for Janet Yellen to suppress interest rate volatility and keep markets stable.

Fed officials caution on bank risk

Senior US Federal Reserve officials warn on instability of 'repo' markets.

US budget deficit narrows in July

The US budget deficit contracts again in July as tax revenues lift.

US job openings hit 13-year high

by AP
Data show US employers advertised near-record monthly job openings in June.

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