July’s Beige Book Shows Slowdown in Growth Fed’s beige Book (Forex)
July’s Beige Book Shows Slowdown in Growth
Fed’s beige Book covering the period spanning mid-June through late-July reported that ‘economic activity has continued to increase, on balance, since the previous survey’ but economies in 2 (Cleveland and Kansas City) of the Fed’s 12 districts ‘held steady’ while 2 (Atlanta and Chicago) showed slowdown in the pace of
Chart of the Day – AUD/NZD
Since May, the AUD/NZD has been on a downward to sideways trend. Today, price action broke above our bearish trend line and our 200 day simple moving average. If bullish momentum continues, traders could see a testing of the 1.2485 over the next couple days. Today’s New Zealand rate hike
July’s Beige Book in a Mid-Year Lull
The qualitative assessment of economic conditions across the United States is attune with the anticipated slowdown in the pace of economic growth in the second quarter. Following average annualized growth of 3.5% over the first three quarters of recovery, real GDP growth likely slowed to around 2.0% in the second
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