Deeper Analysis
U.S. CPI and Retail Sales Undershoot Expectations, Bringing Relief to Investors
May 15, 2024
Investors are hoping that the Fed eases sooner than now feared, and more importantly that the next interest rate change isn’t a further hike. Softer inflation and lessening consumer demand are thus seen as a good thing, and today brought modest support for each of those desires. Consumer prices in April increased by 0.3%, the […] More
New Overnight Developments Abroad - Daily Update
Marking Time Ahead of U.S. CPI and Retail Sales Releases
May 15, 2024
The dollar slipped overnight by 0.4% against the yen, 0.2% versus the Aussie dollar and sterling and 0.1% relative to the euro and Canadian dollar. Fed Chairman’s message yesterday didn’t deviate from what he said after the early May press conference: disinflation is currently stalled, so a cut in the federal funds target will have […] More
