Written by The dollar dropped against the euro and yen Friday after disappointing U.S. jobs data sparked fresh worry over the pace of the economic recovery. READ MORE »
Posts tagged economic recovery
Index of U.S. Leading Economic Indicators Rose 0.1% in July
The index of U.S. leading indicators rose in July for the second time in four months, extending a see-saw pattern that indicates slower growth through the end of the year. READ MORE »
Treasuries Rise, 10-Year Yield Drops to 19-Month Low on Signs of Slowdown
Treasuries gained, pushing the yield on the 10-year note to the lowest level in 19 months, as new home sales unexpectedly dropped in July to a record low and orders for durable goods rose less than economists forecast. READ MORE »
PRECIOUS METALS: Gold Futures Pull Back After Bernanke Speech
Gold futures have eased slightly after comments from the head of the U.S. Federal Reserve about deflation, but the metal isn’t losing much ground as concerns about the economic recovery continue to support it as a refuge investment. READ MORE »
Consumer Credit in U.S. Fell $3.6 Billion in July, Fed Says
Consumer borrowing in the U.S. declined for a sixth straight month in July, indicating Americans are reluctant to take on more debt without faster job growth. READ MORE »