Updates – Macro Trend

US inflation powering ahead in October, inflation cooling

December 1st, 2022|

Lucy Nicholson ReutersDecember 1, 2022 U.S. consumer spending increased solidly in October, while inflation moderated, giving the economy a powerful boost at the start of the fourth quarter as it faces rising headwinds from the Federal Reserve's aggressive monetary policy tightening.The labor market, the economy's other pillar of support, continues to show resilience. The number

Senior Fed Economist Says Odds of Avoiding Recession Have Risen

November 18th, 2022|

Matthew Boesler BloombergNovember 18, 2022 Latest data raise soft-landing chances slightly, Raffo says Minneapolis Fed’s director of research speaks in interview (Bloomberg) A senior Federal Reserve economist said the latest data on consumer spending, wages and prices suggest the central bank’s chances of achieving a soft landing for the US economy have improved a bit

US Producer Prices Cool by More Than Forecast on Heels of CPI

November 16th, 2022|

Reade Pickert BloombergNovember 15, 2022 Index rose 8% from October 2021; up 0.2% from month earlier Core goods prices declined, while services costs also eased (Bloomberg) --US producer price growth stepped down in October by more than expected in the latest sign that inflationary pressures are beginning to ease. The producer price index for final demand advanced

US Retail Sales Rise Most in Eight Months as Consumers Hold On

November 16th, 2022|

Augusta Saraiva BloombergNovember 16, 2022 Value of purchases rose 1.3% in October, topping estimates Sales declined at department stores and electronics outlets (Bloomberg) --US retail sales posted the biggest increase in eight months in October, indicating demand for goods is broadly holding up despite decades-high inflation and a worsening economic outlook. The value of overall retail

U.S. consumer is soldiering on despite soaring inflation and recession risk, credit card giants say

October 21st, 2022|

Yun Li CNBCOctober 21,2022 U.S. consumers have demonstrated a willingness to continue to pay higher prices in the face of a sluggish economy that could be tipped into a recession, according to credit card giants American Express and Bank of America. American Express on Friday reported stronger-than-expected third-quarter earnings and revenue, while raising its full-year

After two years of shipping snarls, things are starting to turn around

October 17th, 2022|

Su-Lin Tan CNBC October 16,2022 After two years of port congestions and container shortages, disruptions are now easing as Chinese exports slow in light of waning demand from Western economies and softer global economic conditions, logistics data shows. “The retailers and the bigger buyers or shippers are more cautious about the outlook on demand and

US Services Growth Remains at Solid Pace, Price Pressures Ease

October 5th, 2022|

Augusta Saraiva Bloomberg October 5, 2022 Measures of business activity, orders softer but elevated Index of service provider employment highest in six months Growth at US service providers remained firm in September, reflecting solid business activity and orders, while a measure of prices fell to the lowest since the start of 2021. The Institute for

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