U.S. CPI

G7 Meetings, ECB Press Conference, and Released CPI and Industrial Production Share Spotlight

June 10, 2021

Climate change and challenges from China and Russia headline the agenda of this year’s Group of Seven summit in Cornwall, U.K.. This is U.S. President Biden’s first summit. The Governing Council of the European Central Bank, as expected, did not modify its accommodative monetary stance nor forward guidance regarding future policy. Key interest rates (a […] More

CPI Inflation Rose in April to 24-, 14- and 151-Month Highs Germany, France and the United States

May 12, 2021

Equity markets remain vulnerable to fears that higher inflation will compel central banks to raise interest rates sooner than forward guidance has been suggesting. Markets closed down today by 4.1% in Taiwan, 1.6% in Japan, 1.5% in South Korea, and 0.7% in Singapore and Australia. U.S. stock futures are somewhat lower, too. Share prices recovered […] More

Spotlight on the United States

April 13, 2021

U.S. consumer prices rose 0.6% last month, which was marginally more than forecast and the largest month-on-month increase in 103 months. The 2.6% 12-month increase in the CPI was 0.9 percentage points more than in February and constitutes a 31-month  high. The energy component advanced 5.0% on month and 13.2% on year, but non-energy service […] More

Somewhat Firmer Dollar as Long-Term U.S. Treasury Yields Rise Anew

March 10, 2021

The dollar is trading 0.2% higher on a trade-weighted basis and versus the yen and Australian dollar. The greenback also shows a gain of 0.3% relative to the Swiss franc and 0.1% against the euro, loonie, kiwi, and yuan. U.S. stock futures are narrowly mixed, and Japan’s Nikkei closed unchanged. Continental European stocks are higher, […] More

Price and Industrial Production Data, Fed Chair Powell Speaking, and More of the Trump Trial

February 10, 2021

The dollar is unchanged today on a trade-weighted basis and remains near a 2-week low. Equities closed up 1.9% in Hong Kong and 1.4% in China but only +0.2% in Japan. Share prices are pretty flat so far today in the U.K., France, Germany, and U.S. futures trading. Prices for WTI oil and Comex gold […] More

Revolting Developments in the United States but Dollar Narrowly Mixed

January 13, 2021

The United States experienced a new record high daily death count yesterday from Covid that exceeded 4.4k and was accompanied by almost 230k new reported cases of the illness. A drop of 10 years in the government’s recommended minimum age for getting a vaccine now and other sudden shifts in guidelines for administering the shot […] More

Lower Bond Yields, Mixed Dollar and Softer Equities in Face of Relentless Covid

November 12, 2020

Covid cases in the last 24 hours exceeded 600k and 140k globally and in the United States. Global and U.S. deaths from the illness over the past two days averaged more than 10k and 1.45k per day. While vaccine development seems to be making good progress, a new worry is that Covid’s ability to mutate […] More

Dollar and Share Prices Mixed

August 12, 2020

The dollar rose overnight by 0.6% against the kiwi, 0.4% versus the Japanese yen and 0.2% relative to sterling and the Australian dollar but also fell 0.3% against the euro, 0.4% versus the Swiss franc and 0.1% vis-a-vis the loonie. Share prices dropped 1.2% in New Zealand, 0.9% in Taiwan and 0.6% in China, advanced […] More

Continuing Interplay of Covid and Economic Data

July 14, 2020

Covid-19 infestations in Texas, Florida, and California cast a big cloud on U.S. economic recovery prospects. The global Covid case and death counts climbed 204k and 4.1k in the past 24 hours. The dollar rose overnight by 0.3% versus the Chinese yuan, 0.2% against sterling and the kiwi, and by 0.1% relative to the yen […] More

Continuing Market Volatility, an Unscheduled Bank of England Rate Cut, and Big Night for Biden

March 11, 2020

Share prices in Asia fell 2.3% in Japan, 2.8% in South Korea, 3.6% in Australia, 1.7% in Singapore and 0.9% in China. U.S. futures are down, but in Europe, stocks have so far risen 1.3% in France, 1.0% in Germany, 0.7% in Spain, and 0.6% in both the U.K. and Switzerland. The ten-year U.S. Treasury […] More

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