Tag Archives: U.S.
Mixed Signals from Retail Sales and Manufacturing, Markets React Positively
In May 2024, US retail sales experienced a slight uptick of 0.1% month-over-month, coming from a revised 0.2% decline in April, and fell short of the anticipated 0.2% growth. Such movement signals a dip in consumer sentiment. Conversely, manufacturing output saw significant growth, rising 0.9% in the same month and outperforming the expected 0.3% increase. […]
US Economic Growth Slows Sharply in Q1 2024 Amid Persistent Inflation
The US economy expanded at an annualized rate of 1.6% in Q1 2024, the slowest growth since the contractions in the first half of 2022. The reading was lower than the previous quarter’s 3.4% growth and below the forecasted 2.5%. Consumer spending growth decreased to 2.5% from 3.3%, mainly due to a 0.4% fall in […]
Producer Inflation Accelerated Again, highlighted ‘Last Mile’ Challenge for Federal Reserve
In February 2024, the United States observed a month-over-month escalation in the Final Demand Producer Price Index (PPI) by 0.6%, indicating the largest growth since the previous August, exceeding the 0.3% advance anticipated by the market. A significant rise of 1.2% was seen in the prices of goods, driven largely by a boost of 4.4% […]
US Inflation Mixed Bag, Fed May Delay Rate Cut
The US recorded a 0.3% growth in its personal consumption expenditure price index in January 2024, conforming to the anticipated market predictions of 0.3%. This marginally increased compared to an adjusted 0.1% surge experienced the previous month, December. Service prices experienced a 0.6% rise while goods showed a 0.2% decrease. The year-on-year growth rate declined […]
Service Sector Drives Upswing in U.S. Producer Price Inflation for January
In January 2024, producer prices for final demand in the United States experienced a month-over-month uptick of 0.3%. This represented the most significant increase over a five-month period, succeeding a 0.1% decline in December and surpassing the projected growth of 0.1%. Service costs rose by 0.6%, marking the highest surge since July 2023, propelled by […]
U.S. Core PCE Dips, Rate Cuts Imminent
U.S. Core PCE Prices Dip: Implications for Rate Cuts In December 2023, the core PCE prices in the United States, which do not take into account food and energy, saw an increase of 0.2% compared to the previous month, marching in step with projected market predictions. This was a small uptick from November’s increase of […]
ISM Manufacturing PMI Disappoints, Igniting Economic Alarms
ISM Manufacturing PMI Falls Short of Expectations In November 2023, the Institute of Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI) maintained its position at 46.7, mirroring the October reading and falling short of economists’ expectations set at 47.6. This steady figure underscores the persistent challenges faced by the manufacturing sector, signaling ongoing contractionary pressures. […]
US Jobless Claims Plummet, Empowering the Dollar Resilience
Key Indicators and Market Impact Jobless Claim Decline in Jobless Claims The United States Department of Labor’s most recent statistics shows a notable decrease in unemployment claims for the week ending November 18. Unemployment claims fell to 209,000, below market forecasts and reversing a three-month high from the week before. Continuing claims, measuring ongoing unemployment, […]
