Economic News by ForexMart

[Syazfirul Enterprise]

Next Inflation is in Check According to Fed
Thu Jun 01, 2017
watermarkEconomic news

The U.S. economy grows at a steady but slow rate in the second quarter of the year based on the regional economic survey of the Federal Reserve. The sluggish pace also supports the inflation as described by some enterprises.

Rates are about to be tightened as the economy progresses after a long hiatus of almost a decade holding rate close to zero following the financial crisis. Employment and wages also grew but at an average pace with the U.S. unemployment rate measured at 4.4 percent at a 10-year low. Although the labor market is seen to tighten, there are signals implying the need for a rate hike.

Commodity markets, particularly lumber and steel, are increasing its prices for some manufacturers and the construction sector while other divisions are easing their costs. The policymakers are anticipated to raise its rates in the next policy meeting this June.

Sumber : https://www.forexmart.com/my/economic-news/article/732

 

[Syazfirul Enterprise]

Surge in Chinese Trades Amid Weakened Economic Growth
Thu Jun 08, 2017

Reports indicating China is gaining momentum in the economy as both exports and imports rallied in May, denoting an improvement in the economy. Exports climbed to $191billion gained 8.7 pc while imports rose to $150.2 billion gained 14.8 pc. It exceeded the expectation of 7.2 pc and 8.3 pc for exports and imports respectively. On the other hand, the trade surplus grew $2 billion to $40.8 billion in April.

However, concern arises that it would be difficult for Beijing to sustain the current pace. Future trade data could hamper growth aiming to curb the large debt of the country. A sluggish credit growth amid weak economic activity in the succeeding quarters will affect progress, warned by an economist. Other data also reflects weakened growth with the ongoing weaker demand and surplus in industrial capacity because of debt-driven infrastructure.

Concerns about increasing debt levels prompted Moody’s agency to cut its Chian credit rating for the first time in almost 30 years. In 2016, its economy growth was at its weakest rate and it is anticipated that growth will further weaken this year.


Sumber : https://www.forexmart.com/my/economic-news/article/760