Updates – Macro Trend

Rising Rates Make Big Companies Even Richer

September 15th, 2023|

James Mackintosh The Wall Street Journal September 15, 2023 The amount companies earn from cash in the bank is going up even as interest costs fixed during the pandemic stand still. The Federal Reserve jacked up interest rates to slow the red-hot economy. At some of the biggest and most secure companies, the moves had the opposite

US services sector picked up in August, along with prices

September 6th, 2023|

Ann Saphir Reuters September 6, 2023  The U.S. services sector unexpectedly gained steam in August, with new orders firming and businesses paying higher prices for inputs -- potential signs of still-elevated inflation pressures. The Institute for Supply Management (ISM) said on Wednesday its non-manufacturing PMI rose to 54.5 last month, the highest reading since February

Fed Officials Set to Double Growth Forecast Amid Strong Data (1)

September 6th, 2023|

Steve Matthews Bloomberg September 6, 2023 Resilience may lead to fewer rate cuts penciled in for 2024 Separate tracker from Atlanta Fed is at 5.6% for third quarter The US economy has been looking so solid lately that Federal Reserve officials will probably need to double their projection for growth in 2023 when they publish

Will the rest of the world feel China’s deflation pain?

August 21st, 2023|

Chris Gills Financial Times August 16, 2023 Beijing’s economic woes worsened last week after it emerged China had fallen into deflation. The news highlights how the country is struggling to live up to expectations of a strong recovery after emerging from extended Covid lockdowns. But will falling prices have an impact beyond China’s borders, in

US Retail Sales Top Forecasts, Showcasing Consumer Resilience

August 15th, 2023|

Reade Pickert Bloomberg August 15, 2023 July sales rose 0.7% after upward revisions to prior months Broad gain included firmer sales at online, clothing retailers US retail sales rose in July by more than forecast, suggesting consumers still have the wherewithal to sustain the economic expansion. The value of retail purchases increased 0.7% in July after upward

China Now Sells Fewer Goods to the US Than Mexico or Canada Do

August 8th, 2023|

Augusta Saraiva Bloomberg August 8, 2023 Mexico and Canada have replaced China as the top providers of goods to the US as a nearshoring push encourages more diversified supply chains. The US imported about $203 billion in goods from China in the first six months of the year, 25% less than in the same period in 2022,

JPMorgan Scraps Recession Call in Latest Sign of Rising Optimism

August 4th, 2023|

Reade Pickert Bloomberg August 4, 2023 JPMorgan Chase & Co. economists scrapped their call for a recession in the US, joining a growing number of forecasters who now expect the economy to avert the downturn that was once viewed as inevitable. The bank, which had previously said it expected a recession to begin in 2023,

US Productivity Jumps by Most Since 2020, Blunting Labor Costs

August 3rd, 2023|

Reade Pickert Bloomberg August 3, 2023 US labor productivity logged its biggest increase in the second quarter in nearly three years, helping to offset rising labor costs. Productivity, or nonfarm business employee output per hour, rose at a 3.7% annual rate in the second quarter after registering a decline in the first three months of

S&P 500 Profits Get a Lift From the Crack in King Dollar’s Reign

July 31st, 2023|

Jessica Menton Bloomberg July 29, 2023 Traders bet greenback will fall more, helping overseas sales End of Fed rate hikes adds to pressure weighing on US currency With the Federal Reserve nearing the end of its most disruptive monetary-tightening campaign in a generation, a softening US dollar is poised to boost profit growth for nearly half of

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