U.S. CPI
Several Central Banks Left Rates Steady, But Fresh Price Data Fan Concern
February 10, 2022
The Reserve Bank of India‘s repo and reverse repo rates were left unchanged at 4.0% and 3.35%. A released statement explains, “The MPC notes that inflation is likely to moderate in H1:2022-23 and move closer to the target rate thereafter, providing room to remain accommodative” And adds “the ongoing domestic recovery is still incomplete and […] More
Several Countries Releasing Price Data Today
January 12, 2022
The following price data were reported before the highly awaited U.S. CPI report: Chinese consumer price inflation slowed more than predicted in December, dropping 0.8 percentage points from a 15-month high of 2.3% in November to a 2-month low of 1.5%. Average CPI inflation in 2021 of 0.9% was only a third of the government’s […] More
More Signs of Intensifying Inflation and Another Central Bank Rate Hike
November 10, 2021
The dollar didn’t move much right after U.S. CPI data were released but had already advanced by 0.0.4% overnight on a weighted basis before then to within 0.2% of its 52-week high. Dollar gains amounted to 0.5% against the kiwi and sterling, 0.4% relative to the euro and yen, and 0.3% vis-a-vis the Swiss franc […] More
Global Stock Markets and Dollar Pause
November 9, 2021
The strength of equities in October and the first week of November was fed by the tapering patience of major central banks, evidence of continuing economic recovery in spite of Covid and inflation, and robust corporate earnings. But new concerns are adding to the pile. Biden’s still-unannounced choice to lead the Fed Board of Governors […] More
Good, Bad and Ugly
September 14, 2021
Start with the ugly. New Covid cases in the United States spiked to more than 172.4k yesterday, and deaths topped 1800. Even as almost half the whole population remains unvaccinated, there is confusion over who is eligible for boosters and when children under age 12 will be allowed to get vaccinated. As Covid goes, so […] More
Several Equity Markets in Unchartered Waters; Today’s Data Front Features CPI and Retail Sales
August 11, 2021
The weighted dollar index touched an 18-week high overnight but is currently down 0.1% on balance. The dollar is also 0.1% lower against the euro, sterling and Swissie but unchanged relative to the yen and loonie. The dollar has dropped 0.6% against the Mexican peso but shows a 0.7% rise versus Turkey’s lira. In early […] More
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
