Date: October 8, 2018 Jamaica’s Net International Reserves (NIR) totaled US$3,026.72 million as at September 2018, reflecting a decrease of US$31.70 million relative to the US$3,058.42 million reported as at the end of August 2018 (see figure 1). Changes in the NIR resulted from a decrease in Foreign Assets of US$39.45 million to total US$3,568.84 million
Date: October 8, 2018 United States: Bullard Says U.S. Growth Depends on Productivity Picking Up The better-than-expected growth rates in the U.S. economy are set to dissipate unless productivity picks up, Federal Reserve Bank of St. Louis President James Bullard said. “The U.S. will likely need faster productivity growth in order to maintain current real
Date: October 5, 2018 United States: Will U.S. Economic Growth Dip, or Will the Rest of the World Catch Up? An important issue facing the global economy and markets in the final quarter of the year is divergence—the widening economic and policy differences among advanced economies as U.S. growth outpaces that of Europe and Japan.
Date: October 4, 2018 United States: Bond Bears Popping Champagne Say U.S. Yields Have Room to Rise A week after Treasuries mysteriously rallied in the wake of the Federal Reserve lifting its long-term interest-rate forecast, short sellers in the $16 trillion market have reason to celebrate. The bond selloff deepened Thursday after data Wednesday on
Date: October 3, 2018 United States: Fed's Evans Says He's Comfortable With Prospect of December Hike Chicago Fed President Charles Evans says he’s “quite comfortable” with the prospect of another interest-rate hike in December. In a Bloomberg Television interview in London on Wednesday, Evans, who has been among the more dovish Fed officials over the
Date: October 1, 2018 For the period of April 2018 to August 2018, the GOJ reported Total Revenues & Grants of $229.97 billion, $6.18 billion more than the Government’s projection. Furthermore, year over year, this represents an increase of approximately 7.9% relative to the $213.07 billion recorded for the corresponding period in 2017. ‘Tax Revenue’,
Date: October 2, 2018 Untied States: Powell Doesn’t See High Recession Risk Though Eyeing Yield Curve Federal Reserve Chairman Jerome Powell played down the signal being sent by a flatter yield curve and said the risk of recession was not especially high. “There’s no reason to think that the probability of a recession in the next
Date: September 28, 2018 Lasco Manufacturing Limited (LASM) held its 80th annual general meeting today at the Knutsford Court Hotel. The meeting commenced with Chairman Hon. Lascelles A. Chin highlighting that the most recent financial year ended March 2018, was one of challenges and opportunities in which they continued to build the Company. The Company
Date: October 1, 2018 United States: Two-Thirds of U.S. Business Economists See Recession by End-2020 Two-thirds of business economists in the U.S. expect a recession to begin by the end of 2020, while a plurality of respondents say trade policy is the greatest risk to the expansion, according to a new survey. About 10
Date: September 28, 2018 United States: Trillion-Dollar Deficit? Whatever, Says New Washington Consensus With its plaintive call for balanced budgets, the fiscal hawk once pervaded Washington. But it’s getting harder to spot one. That’s because of President Donald Trump, and the equal-and-opposite reaction he’s provoked on the U.S. left. Trump is proving as indifferent to
