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Tag Archives: RBC

Fed raises interest rates 0.25 percent

(Dec. 17, 2015) -- Gross domestic product growth forecast ranges for 2016 and 2017, resulting in the median forecast rising to 2.4 percent next year (from 2.3 percent) and holding steady at 2.2 percent in 2017. Read More »

Jobless claims fall by 11,000 last week

(Dec. 17, 2015) -- Initial unemployment claims in the United States declined by 11,000 to 271,000 in the week ending Dec. 12, RBC Economics reported. That was slightly below market expectations for a 275,000 reading. Read More »

U.S. consumer prices hold steady in November

(Dec. 15, 2015) -- November consumer prices were unchanged in the month following a 0.2 percent increase in October, RBC Economics reported today, noting market expectations had anticipated prices holding steady in November. Read More »

U.S. retail sales rise in November

(Dec. 14, 2015) -- So-called control retail sales, which exclude sales at auto dealerships, gasoline stations, and building material stores, rose by a robust 0.6 percent after a 0.2 percent gain in October. Read More »

Unemployment claims jump higher last week

(Dec. 10, 2015) -- "The latest week’s jump brought initial claims to their highest level since early July, although that is still slightly below the average that prevailed during the first half of 2015," said Nye. Read More »

Unemployment rate at 5 percent

(Dec. 4, 2015) -- "A broader-based strengthening in labor markets bodes well for continued solid increases in domestic spending helped further by indications of rising wages," said Ferley. "This is expected to contribute to the Fed opting to start pulling back on the amount of monetary policy stimulus in the economy." Read More »

Canadian GDP returns to positive territory

(Dec. 2, 2015) -- Third-quarter 2015 GDP growth in Canada rose by an annualized 2.3 percent after declining by 0.3 percent (-0.5 percent previously) and 0.7 percent (-0.8 percent), respectively, in the second and first quarters. Read More »

Consumer prices post 0.1 percent gain

(Nov. 25, 2015) -- "The 0.1 percent increase in the volume of PCE in October was disappointing, although given the strength in income growth, our expectation is that this pace of spending will quicken during the remainder of the quarter," said Ferley. Read More »

Third quarter GDP adjusted higher

(Nov. 4, 2015) -- The second estimate of third-quarter annualized gross domestic product (GDP) growth in the United States was raised to 2.1 percent from the previously estimated 1.5 percent, RBC Economics reported. Read More »

Fed likely to raise interest rates in December

(Nov. 19, 2015) -- "While the minutes of the October meeting largely filled in details surrounding the changes to the policy statement, the overall message once again puts the focus squarely on December’s meeting," said Nye. "The committee seems to share RBC's view that, barring unforeseen developments, the Fed funds rate will be raised by 0.25 in December." Read More »

Initial jobless claims lower last week

(Nov. 19, 2015) -- "Although the dip in initial claims in the latest week did not prevent a modest increase in the four-week moving average, that measure in turn was still up only modestly from the 259,250 reading in late October that marked the lowest level for the series since December 1973," said Janzen. Read More »

Consumer prices rise 0.2 percent in October

(Nov. 17, 2015) -- October consumer prices rose by an expected 0.2 percent in the month, which reversed the 0.2 percent drop in September, RBC Economics reported. The increase contributed to the year-over-year rate rising to 0.2 percent from 0.0 percent in September. Read More »

Retail sales rise 0.1 percent in October

(Nov. 13, 2015) -- Spending in October was expected to be restrained by indications of flat sales at both gasoline stations and motor vehicle dealerships. In the event, both components showed small declines of 0.9 percent and 0.5 percent, respectively. Read More »

Initial unemployment claims steady

(Oct. 12, 2015) -- "Initial claims failed to reverse any of the unexpected increase from the prior week; however, the current level continued to indicate a tight labor market, said Nye. "The four-week moving average, despite rising to its highest level since late September, remained at or below the lows seen earlier in 2015. Read More »