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Economic Data Forecasts For The Weeks Of April 29 & May 6
Article By:
Peter Morici
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Sunday, April 28, 2024 6:34 PM EDT
Here are my expectations for upcoming economic data releases,including Auto Sales, FOMC, Nonfarm Payrolls, Consumer Credit.
Between The Lines
Article By:
WisdomTree
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Sunday, April 28, 2024 5:45 PM EDT
Ignoring data can be useful. Because not all data is, in fact, useful. As the number of datasets has proliferated, so too has the noise created by them. But there can also be signals in the noise, particularly when it comes to survey-based soft data.
Gold Falters, Treads Water
Article By:
Mark Mead Baillie
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Sunday, April 28, 2024 3:40 PM EDT
Through just the first third of this year, gold has already achieved our forecast high of 2375, reaching up to 2449 -- although it should be mentioned that the price settled on Friday below both of those levels, at 2350.
The Week Of April 29 Will Be A Busy One For Markets
Article By:
Michael J. Kramer
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Sunday, April 28, 2024 3:00 PM EDT
This will be one of the busier weeks of the year, as it features earnings, the Fed, data, and a Treasury Quarterly Refunding announcement. There are many differing views on the QRA, and there is a good chance that it will turn out to be a non-event.
Markets Snap Back - But Uncertain Economic Conditions Persist
Article By:
Donn Goodman
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Sunday, April 28, 2024 2:20 PM EDT
The stock market gyrated this past week, as it was influenced each day on another new data point. As you may be aware, the markets have just gone through a two-week pullback, with the Nasdaq and the Dow giving up most of their year-to-date gains.
Federal Deficit Spending (Quarterly) And Inflation
Article By:
EconCurrents
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Sunday, April 28, 2024 8:44 AM EDT
This article concludes the analysis of the correlation patterns between quarterly Federal Deficit Spending (FDS) and Consumer Inflation (CPI).
Natural Gas: Buying The Dip
Article By:
Dimitris Kontoulis
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Sunday, April 28, 2024 8:20 AM EDT
Natural gas on the Nymex had a very volatile week before closing 3% lower than the previous one at $1.92. EIA reported on Thursday a build of 92 Bcf in working underground stocks.
WTI Crude Oil Weekly Forecast: Slight Move Higher
Article By:
Robert Petrucci
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Sunday, April 28, 2024 5:37 AM EDT
WTI Crude Oil finished last week’s trading within the stronger part of its weekly technical chart and may remain a speculative favorite in the coming days.
Make No Mistake - Debt Matters
Article By:
MoneyShow.com
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Sunday, April 28, 2024 2:20 AM EDT
When asked what specific factors about money lead to stress, 68% said inflation, 31% said rising interest rates, and 29% said lack of a stable income or job security.
Why Isn’t The USA In A Recession ?
Article By:
Angry Bear
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Sunday, April 28, 2024 12:30 AM EDT
Briefly, high interest rates can cause a recession by causing an appreciation of the national currency which causes a sharp decline in net exports.
Central Banks Are Wrong About Rate Cuts
Article By:
Mises Institute
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Saturday, April 27, 2024 11:06 PM EDT
When we talk about monetary policy, people do not understand the importance of interest rates reflecting the reality of inflation and risk.
Growth In Spending Exceeds Growth In Income For Most Of The Last 10 Months
Article By:
Mish Shedlock
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Saturday, April 27, 2024 4:35 PM EDT
A deeper dive into personal income and outlays for March shows significant signs of consumer stress to maintain standards of living.
This Week's Massive Data Dump May Send The Dollar And Rates Soaring
Video By:
Michael J. Kramer
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Saturday, April 27, 2024 3:20 PM EDT
This week will bring a massive data dump to the market, an FOMC meeting, and a Treasury quarterly Refunding announcement. What will this lead to?
Weekly Market Outlook – To The Brink, But Not Past It
Article By:
BigTrends
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Saturday, April 27, 2024 3:00 PM EDT
The bulls answered the call last week, pushing firmly back against the prior week’s rout. That is, the previous week’s 3.0% tumble, the S&P 500 bounced 2.7% last week. It’s a much-needed glimmer of hope. Just don't grow too hopeful too soon.
Forex And Cryptocurrencies Forecast For April 29 - May 3
Article By:
Roman Butko
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Saturday, April 27, 2024 1:40 PM EDT
Rate cut forecasts led to the US currency rising to five-month highs in mid-April against the euro, British pound, Australian, and New Zealand dollars, with the USD/JPY pair reaching a 34-year price record. However, that was in mid-April.
Week Ahead: FOMC, US Jobs, EMU Inflation, JPY Pressure
Article By:
Marc Chandler
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Saturday, April 27, 2024 1:00 PM EDT
The backing up of US rates did not broadly lift the dollar as it appeared to have done previously. The dollar-bloc currencies, led by the Australian dollar, advanced last week, while the Swiss franc and Japanese yen were unable to find traction.