U.S. PPI and jobless insurance claims
Divergent Interest Rate Decisions, Geopolitical Concerns, and Higher U.S. PPI Inflation Than Forecast
December 12, 2024
Central bank interest rates have been hiked by 100 basis points in Brazil and 50 bps in Ukraine but were also cut today by 50 bps in Switzerland and 25 bps in Euroland. The threats of coming tariff hikes and other sharp diversions in long-established U.S. policies have other economies around the world on edge. […] More
25-Basis Point Interest Rate Cut By ECB; Coming Fed Rate Unlikely to Exceed That Increment
September 12, 2024
Like yesterday’s release of U.S. consumer prices, today’s producer price data pose no resistance to an initial 25-basis point cut of the federal funds rate but are unlikely to warrant a larger reduction by the Federal Open Market Committee next Wednesday. Overall producer prices went up 0.2% versus an expected 0.1%, but their level was […] More
More Evidence of Slower Inflation Reported
April 13, 2023
Ahead of the U.S. producer price data releases, ten-year sovereign bond yields were sporting increases of 4 basis points in the United States and two basis points in Germany, France and Great Britain. The 10-year Japanese JGB yield, in contrast, had eased two basis points. The dollar is softer, with losses of 0.7% against the […] More
Bracing for the Potential of More Disruptive U.S. Releases Today
May 13, 2021
Last Friday brought the biggest monthly under-performance of U.S. jobs relative to analyst expectations, and yesterday’s consumer price report crushed market forecasts. Instead of monthly and yearly rises of 0.2% and 3.6%, the total CPI jumped 0.8% on month and to a 151-month year-on-year high of 4.2%. Even worse, core CPI recorded its largest monthly […] More
