Mcgee wealth management _ portland, or _ weekly market snapshot
The Federal Open Market Committee left short-term interest rates unchanged, as expected, and tweaked the wording of the policy statement slightly. Binary to text translator There were no solid clues as to the timing of the next increase in short-term interest rates, but officials noted the improvement in consumer and business sentiment and seemed a little more confident that inflation “will” increase to the 2% goal.
While January numbers are often suspect due to the magnitude of the seasonal adjustment, the economic data continued to paint a picture of the economy that is in good shape.
Exchange rate euro to us dollar today Nonfarm payrolls rose by 227,000, more than expected, but November and December were revised down by a net 39,000 (making it about a wash relative to expectations). Text to binary translator Prior to seasonal adjustment, payroll fell by nearly 3 million (similar to last year). Gbp usd exchange rate chart The unemployment rate edged up to 4.8%, as labor force participation increased (don’t read too much into that). Fraction to number calculator Average hourly earnings rose 0.1%, up just 2.7% y/y – however, there may have been some issues in finance (which was reported down 1.0% m/m). Text editor windows 7 Personal income and spending showed relatively good momentum in December, but unit auto sales fell sharply in January. Usa stock market futures Hence, the growth of consumer spending (69% of GDP) appears likely to be at a more moderate pace in 1Q17. Gbp usd graph New orders and shipments of capital goods were strong through December, suggesting that business fixed investment will make a positive contribution to 1Q17 GDP growth.
Next week, the economic calendar is thin. Euro pound exchange rate today We already had an initial look at December trade in the report on Advance Economic Indicators (strong exports of capital goods, further increases in imports). 1 usd to aud Import prices are never a market-mover, but the report may suggest a fading impact of a strong dollar. Exchange rate usd to myr The following week will be more eventful (with Yellen’s semi-annual monetary policy testimony to Congress).
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US government bonds and treasury bills are guaranteed by the US government and, if held to maturity, offer a fixed rate of return and guaranteed principal value. Binary domain US government bonds are issued and guaranteed as to the timely payment of principal and interest by the federal government. Funny quotes Treasury bills are certificates reflecting short-term (less than one year) obligations of the US government.
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Tax Equiv Muni yields (TEY) assumes a 35% tax rate. Exchange rate usd rmb Municipal securities may lose their tax-exempt status if certain legal requirements are not met, or if tax laws change.
Material prepared by Raymond James for use by its financial advisors. Us futures markets All expressions of opinion reflect the judgment of the Research Department of Raymond James & Associates, Inc. British pound us dollar exchange rate and are subject to change. Aud usd bloomberg There is no assurance any of the forecasts mentioned will occur. Binary converter Investing involves risks including the possible loss of capital.