Updates – Macro Trend

U.S. inflation muted, economic outlook strengthening

U.S. labor costs increased steadily in the first quarter as a jump in transportation and manufacturing wages was offset by small gains elsewhere, pointing to moderate inflation pressures even as the labor market tightens.

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U.S. consumer spending roars back, but inflation tame

U.S. consumer spending increased by the most in more than 9-1/2 years in March as households stepped up purchases of motor vehicles, but price pressures remained muted, with a key inflation measure posting its smallest annual gain in 14 months.

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Strong U.S. growth, weak inflation leave Fed stuck happily on hold

The Federal Reserve is expected to hold interest rates steady at its policy meeting this week as policymakers balance recent stronger-than-expected U.S. economic growth against sluggish inflation.

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US core capital goods orders post the biggest gain in 8 months

New orders for U.S.-made capital goods increased by the most in eight months in March.

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S&P 500 and Nasdaq close at record highs after strong GDP report

The S&P 500 and Nasdaq Composite closed at record highs on Friday as better-than-expected economic data offset a mixed batch of corporate earnings.

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Trade, inventories power U.S. economy to 3.2 percent growth in first quarter

U.S. economic growth accelerated in the first quarter, but the burst in growth was driven by a smaller trade deficit and the largest accumulation of unsold merchandise since 2015, temporary factors that are likely to reverse in the coming quarters.

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Global tightening cycle over, slower ride for growth ahead: Reuters Poll

Major central banks are done tightening policy, according to a majority of economists polled by Reuters, with the growth outlook wilting across developed and emerging economies along with scant prospects for a surge in inflation.

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Exports, inventories seen boosting U.S. first-quarter growth

The U.S. economy likely maintained a moderate pace of growth in the first quarter, which could further dispel earlier fears of a recession even though activity was driven by temporary factors.

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US weekly jobless claims post biggest rise in 19 months

The number of Americans filing applications for unemployment benefits increased by the most in 19 months last week.

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The feared ‘earnings recession’ is not showing up in the first-quarter numbers

Now that more than a third of the S&P 500 companies have reported, earnings growth looks to be flat this quarter, not negative as many Wall Street analysts expected.

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