Weekly reviews

Analysts suggest that the US economy will allow the Fed to raise interest rates in 2015 while the Eurozone and Japan central banks will continue to stimulate the economic growth.

The Fed acknowledged the US labor market improvement and highlighted the economy progress towards achieving the inflation and employment target level.

The U.S. Labor Department published initial jobless claims that decreased by 3,000 to a seasonally adjusted 294,000 from the previous week’s total of 297,000.

The Labor US Department reported that the initial jobless claims fell by 17,000 to 297,000 last week from the revised 314,000.

The jobless claims rose to 313 000 the peak from the September beginning while the consumer spending in October rose less than expected – 0,2%. The durable goods orders have risen in line with expectations – 0,4%, but the durable goods orders volume excluding vehicles have unexpectedly declined for 0,9%.

The Labor Department showed that this week initial jobless claims fell by 2000 to 291000 from an upwardly revised 293,000 last week.

The dollar has risen for the recent weeks as the investors are preparing for the US monetary policy changes.

The dollar rose by nearly 12 % from its May lowest level as the Federal Reserve stopped the money infusion into the market in October.

The market sentiment got improved after the US Commerce Department report that the gross domestic product had grown at the seasonally adjusted annual 3.5% rate for the three months ended September 30, above expectations for 3 % growth.

The U.S. Labor Department said the initial jobless claims increased by 17,000 to a seasonally 283,000 in the week ending October 18 from the previous week’s revised total of 266,000. The analysts had expected jobless claims to rise by 16,000 to 282,000 last week.