U.S.: Gross Domestic Product: Fourth Quarter and Annual 2017
March 28, 2018 Estimates released by the Bureau of Economic Analysis, show an increase in real gross domestic product (GDP) at an annual rate of 2.9 percent in the fourth quarter of 2017, a marginal decrease from the 3.2 percent recorded in the third quarter. The slowdown in real GDP growth rate in the fourth quarter reflected a downturn in private inventory investment that was partly offset by accelerations in PCE, exports, state and local government spending, non-residential fixed investment, and federal government spending, and an upturn in residential fixed investment. Import also increased, which added to the deceleration in
BOJ maintains policy rate
Bank of Jamaica announces its decision to maintain the policy interest rate (the rate offered on overnight placements with Bank of Jamaica) at 2.75 per cent. This policy stance reflects the Bank’s assessment that headline inflation for the next eight quarters should remain within the target of 4.0 per cent to 6.0 per cent, with the risks assessed to be balanced. Over the next three quarters, inflation is expected to track close to the lower bound of the target, primarily reflecting a decline in food prices as a result of a recovery in agricultural supplies. Thereafter, headline inflation is expected
Daily Market Summary March 27, 2018
Daily Market Summary 27.03.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.