U.S. personal consumption and PCE price deflator
Mountains of Data to Absorb
May 30, 2025
Typical of the final business day of the calendar month, a great many data reports around the world have arrived. In addition, investors have again been whipsawed by fresh tariff news. It took only a matter of hours after yesterday’s U.S. Court of International Trade’s ruling against many of the Trump Administration’s tariff hikes for […] More
U.S. Trade Deficit Surprise
February 28, 2025
Financial markets around the world had been looking ahead all this week to today’s U.S. January report of personal income, consumption and PCE price deflator, which is the Federal Reserve’s favorite inflation measure. As things turned out, the price index arrived pretty much as investors had been expecting. The overall PCE deflator’s 12-month rate of […] More
A Fair Amount of Data Out But Most Markets Not Trading Because of Good Friday
March 29, 2024
The dollar has dipped so far today by 0.3% against the Mexican peso, 0.2% versus the New Zealand and Australian dollars, and 0.1% relative to the euro, yen and sterling. The Swiss franc and Canadian dollar are unchanged. Gold at $2,238 per ounce is close to all-time highs. Share prices closed up 1.0% in China on […] More
Dollar Strengthens Marginally Further
October 27, 2023
A statement from the Central Bank of Chile justifying a smaller interest rate reduction after today’s scheduled meeting ties a nice bow around the interconnection of the surprisingly resilient U.S. economy, the hawkish Fed stance, geopolitical danger, elevated long-term interest rates, dollar appreciation, and the vulnerability of share prices and developing country currencies. The main […] More
Indications that a Debt Ceiling Deal Will Be Reached in Time
May 26, 2023
While no deal has been attained yet to raise the U.S. debt ceiling, both sides of the discussions are expressing optimism, and investors are anticipating that the U.S. will not default. That’s why equities are higher, but the 10-year U.S. Treasury yield is also up two basis points to an 11-week high after the release […] More
