Category Archives: Macro

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.

Shipping

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.

Fed

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.”

Jobs

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