Fed Cites These 3 Factors Behind Last Week’s Decision
|
HEADLINES Greek exit polls show left-wing win. Projections suggest that the left-wing Syriza party responsible for the debt showdown likely won Sunday’s elections. The win could mean that further austerity fights are in store for Greece’s creditors.[i] Housing starts fall more than expected. Groundbreaking on new houses dropped more than projected in August, though permits for new construction rebounded, pointing to underlying strength in the housing market.[ii] Weekly jobless claims fall to multi-month low. The number of Americans filing new claims for unemployment benefits fell to the lowest level since mid-July, suggesting that the labor market continues to improve, though the data may be volatile due to the Labor Day holiday.[iii] Consumer prices fall. Prices on a range of U.S. goods and services fell last month as gasoline prices dropped again and the U.S. dollar gained strength. Falling inflation complicates the Fed’s decision on interest rate raises.[iv]
[i] http://www.foxcarolina.com/story/30071997/exit-poll-shows-left-wing-syriza-likely-winning-greek-vote [ii] http://www.foxbusiness.com/economy-policy/2015/09/17/housing-starts-fall-permits-rebound-in-august/ [iii] http://www.cnbc.com/2015/09/17/us-weekly-jobless-claims-sep-6-2015.html [iv] http://www.cnbc.com/2015/09/16/us-consumer-price-index-august-2015.html |