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FED 2016

Fed cuts benchmark interest rates by quarter point to 3.5%/3.75% amid apparent split over economy

Bankinter | The Fed cuts benchmark interest rates (Fed Funds) by a quarter of a point to 3.5%/3.75% as expected. The decision was not unanimous, with one vote in favour of cutting by 50bp (Miran) and two in favour of maintaining rates (Goolsbee and Schmid). They announced that from 12 December they will increase their balance sheet again by purchasing treasury bills, not as part of their monetary policy, but…


empleo hosteleria

Unemployment remains stable in more than half of OECD countries in October

Unemployment remains stable in more than half of OECD countries in October 11 December 2025 CdM | In October, the unemployment rate remained stable in 21 of the 32 OECD countries with available data. Seven OECD countries experienced an increase and four a decrease. Specifically, Mexico, Korea, Japan and Israel recorded unemployment rates of 3% or less. In contrast, Spain maintained a double-digit unemployment rate of 10.5%, while Finland reached…


EUU empleo casco trabajador

Layoffs give Fed doves one last reason to be cautious: job vacancies in October rise to 7.67 million, well above 7.12 million estimated

Intermoney | As a prelude to today’s Federal Reserve meeting, on Tuesday we learned the latest labour market data. Specifically, job vacancies in October rose to 7.67 million, well above the 7.12 million estimated by the Bloomberg consensus, although there were nuances that detracted significantly from the overall figure. Lower hiring and increased layoffs suggest a somewhat weaker labour market. On the one hand, the number of layoffs in October…


US jobs data

Layoffs in US rise in November less than October but remain at historically high levels

Bankinter | Layoffs increased in November by 23.5% year-on-year to 71,321 (versus 48% and 85,436 expected) according to Challenger. Layoffs eased compared to October levels of 153,074, but remain at historically high levels. Since 2008, only in November 2022 had layoffs exceeded 70,000 in a single month. For the year as a whole, layoffs are up 62% on 2024 levels. The sectors most affected in November were telecommunications (21%) and…


economia global

Global economy to grow 3.2% in 2025 and 2.9% in 2026, before slowing to 3.1% in 2027, according to OECD

Link Securities | According to new macroeconomic estimates published yesterday by the OECD, the global economy will grow by 3.2% in 2025 and 2.9% in 2026, before slowing to 3.1% in 2027. Risks to growth will stem from increased trade barriers. The US economy will grow by 2.0% in 2025, 1.7% in 2026 and 1.9% in 2027, against a backdrop of lower job creation and fiscal adjustment. For its part,…


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US Black Friday retail sales, excluding automobiles, up almost 4.1% on 2024, according to Mastercard

Link Securities | According to various sources cited by the financial portal Barron’s, Black Friday sales in the US were higher than a year ago, both online and in stores. • Mastercard SpendingPulse indicated that retail sales in the US, excluding automobiles, increased by approximately 4.1% compared to Black Friday 2024. E-commerce sales increased by 10.4% over last year, while in-store sales increased by a modest 1.7%. • Adobe, meanwhile,…


china componentes

China’s manufacturing PMI rises to 49.2 points in November, in line with expectations

Link Securities | China’s official manufacturing purchasing managers’ index, the manufacturing PMI, rose slightly in November to 49.2 points, from 49.0 points the previous month, in line with analysts’ consensus expectations. We note that a reading above 50 points indicates expansion of activity compared to the previous month, while a reading below that level indicates contraction. The underlying components showed an improvement, with production turning neutral. Meanwhile, declines in new…


compras navidad

Black Friday online sales increase 9.1% to $11.8 billion, according to Adobe Analytics

Bankinter | Black Friday online sales increase by 9.1% to $11.8 billion, according to Adobe Analytics. – According to Mastercard, 10.4%. AI-induced sales 805%. Companies such as Walmart (Sparky) and Amazon (Rufus) have launched AI search tools this year that facilitate a faster and more guided product selection process. Salesforce estimates that AI has generated global online sales of $14.2 billion (£12.6 billion) ($3 billion in the US, 25% of…


EEUU consumidores conference board 1

US consumer confidence deteriorates significantly to 88.7 points in November

Intermoney | Consumer confidence, as measured by the Empire State index, deteriorated significantly in November, falling to 88.7 points (from 95.5 previously). This figure was significantly below the consensus expectation of 93.3. Future expectations also took a clear step backwards to 63.2, while perceptions of the current situation fell 4.3 points to 126.9 points. Consumers’ perceptions of the current labour market were slightly weaker, and the labour market differential, the…


compras navidad

National Retail Federation expects spending to grow 3.7% to 4% during Christmas period

Norbolsa | On the eve of Thanksgiving and with data delayed due to the shutdown (today we will learn the retail sales figures for September), the market is looking at other consumer benchmarks. This Tuesday, it echoes the National Retail Federation’s sales estimate for the Christmas period (November-December), which expects spending to grow by between 3.7% and 4% this year, exceeding the billion-pound mark. For the period between Black Friday…