In the news

U.S. mortgage rates hit four-month high

Philadelphia regional Fed lower

U.S. jobless-benefits claims increase

ECB says rates will be at present or lower levels ‘for extended period of time’

Moodys warns

In a quarterly Global Macro Outlook 2016-17 report released Thursday, the ratings agency said that growth prospects were being hammered by China’s slowdown, a slump in commodity prices and tighter financing conditions in some emerging markets.


Lloyds List says …

Capesize rates plunge to global financial crisis low

Demand for large vessel classes falls to levels last seen when the big banks went belly-up.


In the news ….

At the July 29-30 meeting, the Federal Open Market Committee voted 9-1 to maintain its current policy of slowly withdrawing stimulus from the U.S. economy. The majority also reiterated the Fed is likely to keep the short-term federal funds rate below what is considered normal for “some time.”


The October employment report showed 204,000 jobs were created, beating the average
economist forecast of 125,000 jobs.

US Personal Spending

Consumer spending in the U.S. fell 0.2% in October, the first decline in five months, while incomes were essentially flat, the Commerce Department said Friday.