Augusta Saraiva BloombergMarch 14, 2023 Underlying gauge rose 0.5% in February, most in five months Shelter accounted for more than 70% of overall monthly gain Underlying US consumer prices rose in February by the most in five months, forcing a tough choice for Federal Reserve officials weighing still-rapid inflation against banking turmoil in their next
Reade Pickert BloombergMarch 15, 2023 US producer prices unexpectedly declined in February, pointing to an easing of cost pressures in corners of an economy still battling the highest inflation in a generation. The producer price index for final demand fell 0.1% from the prior month and increased 4.6% from a year earlier, according to data out Wednesday
Reade Pickert BloombergFebruary 3, 2023 ISM index rebounds with six-point gain in January to 55.2 Orders measure matches highest since beginning of 2022 A gauge of US services snapped back in January after an end-of-2022 slump, suggesting a consumer demand resurgence that leans against concerns of an imminent economic slowdown. The Institute for Supply Management’s non-manufacturing
Molly Smith BloombergFebruary 1, 2023 December increase in vacancies led by leisure and hospitality Ratio of openings to unemployed climbed to near-record 1.9 Vacancies at US employers unexpectedly increased at the end of 2022, illustrating a solid appetite for labor that the Federal Reserve sees as one of the last hurdles to bring down inflation.
Augusta Saraiva BloombergJanuary 24, 2023 S&P Global composite measure at 46.6 in January after 45 Composite prices paid gauge firms for first time since May US business activity contracted for a seventh month, though at a more moderate pace, while a measure of input prices firmed in a sign of lingering inflationary pressures. The S&P
Tuesday, January 10, 2023 12:00 AMSource: Bloomberg by Eva Szalay Some of the world’s largest asset managers such as BlackRock Inc., Fidelity Investments and Carmignac are warning markets are underestimating both inflation and the ultimate peak of US rates, just like a year ago. The stakes are immense after (During 2022) Wall Street almost unanimously
Matthew Boesler BloombergDecember 16, 2022 ‘Extremely strong December numbers’ implicit in new projection Officials may not have updated numbers after Tuesday CPI data The Federal Reserve’s updated economic projections this week appeared to incorporate an assumption that raised eyebrows: inflation would prove resurgent at the end of this year. The quarterly projections showed Fed officials
Jesse Pound CNBCDecember 15, 2022 The Federal Reserve is going too far in its fight against inflation and will be under pressure to reverse course next year, according to Wharton School of Business professor Jeremy Siegel. But Siegel pointed out that the Fed had repeatedly changed its forecast over the course of this year and
Bob Pisani CNBCDecember 14, 2022 Once again, the direction for trading for the rest of the year is boiling down to what Fed Chair Jerome Powell says at his press conference Wednesday afternoon. Bears think Powell and Co. will hike rates by 50 basis points (half a percentage point), as expected, but then will reveal that
David Wilcox BloombergDecember 11, 2022 From the early days of the inflation outbreak in 2021, analysts and policymakers have feared that if rapid price gains persisted more than a few months, expectations might become unanchored, making the job of bringing actual inflation back down to 2% more difficult. Bloomberg Economics has run 72 models to