Despite the September CPI report revealing slightly higher than anticipated inflation data, it’s likely not enough to alter the Fed’s rate trajectory.
Core inflation has been on a downward trend in the US, standing at 4.3% for the 12 months ending August 2023 (4.7% July 2023)—and significantly down from the September 2022 figure of 6.6%. The Federal Reserve Bank of New York’s one-year-ahead inflation e...
In September 2023, the University of Michigan consumer sentiment for the US dropped to 67.7 from 69.5 in the previous month. This decline continued the retreat from the near-two-year high of 71.6 in July and fell short of market estimates of 69.1. This figure aligned with the ongoing tren...
This could make the core Consumer Price Index (CPI) more stubborn ahead. Apart from the US GDP and factory orders, Initial Jobless Claims for the week ending July 21 remained below expectations. Individuals applying for jobless claims for the first time were 221K vs. the expected figure of ...
There is even speculation that Malaysia could become the new Taiwan, such is the scale of the FDI surge the country is experiencing. Malaysia reported US$69.5 billion of approved investments and US$39.7 billion in actual foreign investment in 2023. The approved investment figure is a record high...
The headline inflation figure shows thatU.S. consumer prices rose by 0.2% in September, the same increase as in August and July, according to the Labor Department’sOctober 10 report on the Consumer Price Index (CPI). The CPI, a closely watched inflation gauge, measures what A...
For New Zealand, the approach in Figure 2 suggests new infections peaked on March 16, over a week before the strictest restrictions began on 26 March. Even if a shorter lag from infections to deaths is assumed, the peak in new infections in New Zealand still will have occurred before the...
Bubbling Over: August CPI Stuns Inflation Doves at 8.3%, Higher Core; Stocks, 401ks, Seniors Being Wrecked Wednesday, September 14, 2022, 8:50 am ET Publisher's Note:Money Dailyfailed to publish Tuesday on its regular schedule due to a - largely self-imposed - internet outage that ran fr...
The bank expects the economy to contract by 9.5% in 2020 as opposed to the 14% figure published in May. The upward adjustment is because the recovery has occurred "earlier" and has been "more rapid" than it had assumed in May. Key factors are the faster easing of the lockdown restricti...
Individual investors, pensions, endowments, institutional investors, governments, are still sifting through the rubble in the aftermath of the 2008-2009 financial crisis. Experts and non-experts are still attempting to figure out how this mass destruction occurred and how it can be prevented in the...