Economy

By Marc Chandler The yen is largely sidelined as the market's focus is elsewhere--ECB policy trajectory, the European debt crisis, MENA, etc. This is reflected by the fact that dollar-yen volatility (implied 3-month) is sitting on its…

I don't think people realize that the Chinese have just made a rather sizable shift in economic policy. The Chinese are moving on multiple fronts now toward a new economic paradigm that includes slower growth but more domestic consumption.…

Egypt reserves for February were reported today, and fell almost 5% ($1.7 bln) from January to $33.3 bln. This follows a $1 bln decline in January, and the stock market hasn't even reopened yet. While officials are likely very concerned…

Here are a few bullet points that outline some of the major takeaways from this job report. I have put them in pro versus con format, with pro being good data and con being bad data. PRO The headline numbers of 8.9% unemployment…

The US Department of Labor released the Employment Situation Summary for February 2011 this morning at 830ET. The data showed an increase of 192,000 jobs from non-farms payrolls with the headline rate of unemployment declining to 8.9% from…

The last time Ray Dalio conducted a major interview, the global economy seemed to be headed toward a major depression. This was in February 2009 when Barron's had a conversation with Bridgewater Associates' Ray Dalio. For his part, Dalio…

With the jobs numbers coming out tomorrow, it bears noting that the official U.S. data have been marred by low labour participation rates. The reality is that while the jobs picture is improved, many of the long-time unemployed have dropped…

Initial jobless claims fell to 368,000 in the last week. This is the lowest level in nearly three years and demonstrates that the sluggish employment market is slowly improving. Yesterday, the private payroll company ADP said that the…

By Win Thin Korea February inflation data came in much higher than expected, and supports our view that a rate hike on March 10 is a done deal. The central bank kept rates steady February 11 after a 4-2 vote in favor of a 25 bp rate hike…

Oil prices are on the march higher again today. Brent is trading above $115 a barrel. While WTI is now above $100. Federal Reserve Chairman Ben Bernanke does not believe the recent rise in oil prices will cause the U.S. recovery to buckle…