The Federal Reserve, also known as the FOMC, is the central banking system of the United States and is responsible for guiding the monetary policy of the
The pound was one of the weakest currencies last week after suffering a massive sell-off following the release of weak economic data. This selling pressure was
The British Manufacturing Purchasing Managers’ Index (PMI) measures the activity level of manufacturing purchasing managers. A reading above 50 indicates
The U.S. Retail Sales Index measures the change in the value of total sales at the retail level. This index is the primary index of consumer spending, which
The Gross Domestic Product (GDP) index measures annual changes in the inflation-adjusted value of all goods and services produced in the economy. This index is
The term Federal Interest Rate refers to the target interest rate set by the Federal Reserve Committee (FOMC). This target rate is the interest rate at which
The Consumer Price Index (CPI) measures the annual change in prices for goods and services from the consumer’s perspective. This is an important way to
The Gross Domestic Product (GDP) index measures annual changes in the inflation-adjusted value of all goods and services produced in the economy. This index is
The U.S. Producer Price Index (PPI) measures the change in prices of goods sold by producers. This index is the consumer price inflation index, which forms the
The markets were relatively weak last week. However, the exception was the Canadian dollar, which was pressured by the drop in oil prices and the sharp rise in