Federal Reserve – Page 5

The Response by U.S. Investment to Oil Price Shocks: Does the Shale Boom Matter?

November 20, 2018

Kansas City Federal Reserve Bank economist Nida Cakir Melek asks the thought provoking question in a report released by the bank today. The bank posits that “the oil sector has become increasingly important to the U.S. economy over the past decade, and total U.S. business fixed investment appears to have followed oil investment’s pattern in recent years. “This positive correlation

Treasuries Sell-Off Pushes 10-Year Yield to Highest Since 2011

October 3, 2018

Yield on 30-year bond also tops 2018 peak to four-year high From Bloomberg The yield on 10-year Treasuries rose to the highest level since 2011, eclipsing the previous 2018 peak set in May as economic data helped fuel optimism about the American economy. The rate on 30-year securities reached a four-year high and the dollar gained. Improved investor appetite for

Texas Oil and Gas Employment at Highest Level Since 2015

April 19, 2018

The oil and gas sector in Texas remained strong through March according to the Dallas Fed’s new report. Prices for WTI crude oil rose slightly in March, staying close to $63 per barrel and oil production in the Permian Basin and Eagle Ford rose again. Employment spiked up in February and is at its highest level since late 2015, while

Texas Economic Activity, Oilfield Hiring Up: Dallas Federal Reserve

January 19, 2018

Activity in the Eleventh Federal Reserve District’s energy sector gained momentum in the fourth quarter of 2017, according to the Dallas Fed Energy Survey. The business activity index—the survey’s broadest measure of business conditions—climbed over 10 points to 38.1, with the increase driven by the exploration and production side of the industry. Oil and gas production increased for the fifth

Divergent Needs Put Fed, Central Banks on Different Paths

March 22, 2017

Fed is likely to raise its key rate two more times – Dallas Federal Reserve The last time the world’s central banks diverged on policy came as the Fed increased its key rate in December 2015. It’s happening again. The U.S. Federal Reserve continued its policy of quantitative tightening last week by raising the key rate 25 basis points, and

Texas Economy Finally Heading Up-ish: Comerica Bank

January 9, 2017

Permian rig count growth a boon to Texas’s overall economy Dallas-based Comerica Bank (ticker: CMA), released its Texas Economic Activity Index last week, saying its measure of the Texas economy advanced for a second consecutive month, gaining 0.4 percentage points in October to a level of 91.0. September’s index reading was 90.6. October’s index reading is 25%, above the index cyclical

Canadian Heavy Oil Prices are Falling Faster than Global Crude Benchmarks - Oil & Gas 360

Crude Oil Sees Inventory Draw, but in all the Wrong Places

December 14, 2016

Crude oil inventory draw beats expectations at 2.7 MMBO Crude oil inventories shrank for the fourth week in a row, according to information released from the Energy Information Administration. The total amount of crude in storage declined 2.6 MMBO, 1.2 MMBO more than economist expected, but WTI prices still fell over $1 per barrel as market watchers point out that

U.S. Jobs Report: Smallest Gain since 2010

June 3, 2016

The Bureau of Labor Statistics released the June report on unemployment today. Unemployment fell from 5.0% to 4.7% and the economy added only 38,000 jobs in May. The job gain was the lowest since 2010. In the last few years, the market has averaged gains of 200,000 jobs per month. April’s gains of 123,000 jobs and the May gain of

How do Yellen, the Fed, and the Dollar Affect Oil Prices?

May 20, 2016

June Hike Likely – What is the Effect on Oil? On Wednesday May 18, 2016, the Federal Reserve released the minutes from its April meeting, sending vibrations throughout the markets. The message from the Fed to the market was simple: stay on your toes because the Fed is seriously considering raising interest rates in June. There has been speculation as

Oil Climbs on Weak Dollar Despite Inventory Build

April 27, 2016

Oil jumped almost 3% on Wednesday April 27 to close above $45.33 a barrel for the first time since November 4, 2015, reaching new highs for 2016 amid mixed signs from the U.S. oil market and U.S. Federal Reserve. The oil market was the tale of two halves today with the inventory report coming in the morning and the Federal

Will Weak Oil Prices Push Fed Back to Zero?

December 18, 2015

First Lift Off in the History of U.S. Monetary Policy (Editor’s Note: Art Hogan, Wunderlich Securities, Inc. Director of Research & Chief Market Strategist, offered the following commentary about the Fed’s move this week to raise interest rates.) Seven years ago, the Federal Open Market Committee made the historically unprecedented move of targeting the zero bound for the federal funds

Fed Maintains Rates in a 9-1 Vote

October 28, 2015

The Federal Reserve decided to stand pat following its two-day October meeting The U.S. Federal Reserve today decided to maintain rates near zero, leaving them unchanged since 2008. The Fed did announce that it is open to raising rates at the next meeting in December. “In determining whether it will be appropriate to raise (interest rates) at its next meeting,

Premium Content