US Equity Futures opened in green on the last day of the trading week, as investors focus on the mixed series of US macroeconomic data, with speculation that the Federal Reserve (Fed) may delay cutting the its stimulus program until December.
Following the massive fall in the previous session, Wall streets’ S&P 500 rose 0.25% to $1,659.95 at the time of writing.
Investors worries about when the Federal Reserve (Fed) would begin to taper its bond-buying program, as the September Federal Open Market Committee meeting is approaching.
A series of mixed data’s of the world’s largest economy’s indicators has left investors worried the Fed will proceed with scaling back its stimulus program. Analysts are predicting the quantitative easing (QE) program is highly likely to begin on tapering by September, as the US economy is showing signs of recovery and growth.
On Thursday, reports from the Department of Labor shows that the unemployment figures in the US dropped to its lowest level since January 2008*, dropping to 320,000 from previous record of 15,000.
The Fed have prioritize two major goals to achieve before they would start tapering its quantitative easing (QE) program, which are price stability and the drop in unemployment and reinforcing full employment .
US Equity Futures – DoL Figures Released
Figures from the last reports released by the Department of Labour shows that the US Consumer Price Index advanced 0.2% in the month of July from June and a gain of 2.0% from July of 2012.
Regardless of the driven speculations that the Fed will begin its tapering its monthly bond-purchasing program soon, some analysts are saying the Fed would not begin until the industrial production rate meets the Federal Reserve’s expectation of a 0.3% increase.
Investors are keeping an eye on the expected Census Bureau, where analysts are expecting to see this month’s figures at approximately 945,000.
The US Bureau of Labour Statistics is also expected to publish its Unit Labour Costs index that measures the total costs that is required to produce a unit of output.
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