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Fed's Warning: Economic Hurdles to Persist (News: 17/06/16)

Today's Press

  • Housing starts in May fell 0.3 percent to a 1.16 million annualized rate from a 1.17 million pace the prior month, a Commerce Department report showed Friday in Washington. The median forecast of 77 economists surveyed by Bloomberg was 1.15 million. Permits, a proxy for future construction, were also little changed from April.

  • The Federal Reserve made a stark concession this week: The economy is likely to grow at a listless pace for the foreseeable future.

  • The European Central Bank is facing calls from a group of EU lawmakers to reconsider its opposition to raining-down so-called helicopter money on consumers, as the debate over whether it is pursuing the right policies to boost growth widens.

Forex Quotes:

  • USDJPY: 104.32
  • EURUSD: 1.1251

Indices:

  • S&P 500: 2,077.99
  • NASDAQ : 4,844.92

 


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