Yearly rate increase is lowest since March 2021

Inflation showed further signs of cooling in June, according to a gauge released Friday that the Federal Reserve follows closely. The personal consumption expenditures price index excluding food and energy increased just 0.2% from the previous month, in line with the Dow Jones estimate, the Commerce Department said. related investing news So-called core PCE rose […]

Key inflation gauge for the Fed rose 0.3% in March as expected

Despite a year’s worth of interest rate increases, inflation rose again in March, according to economic data released Friday that the Federal Reserve watches closely. The personal consumption expenditures price index excluding food and energy increased 0.3% for the month, in line with the Dow Jones estimate. On an annual basis, so-called core PCE increased […]

Inflation rose 0.1% in March, and 5% from a year ago’

Inflation cooled in March as the Federal Reserve’s interest rate increases showed more impact, the Labor Department reported Wednesday. The consumer price index, a widely followed measure of the costs for goods and services in the U.S. economy, rose 0.1% for the month against a Dow Jones estimate for 0.2%, and 5% from a year […]

Jobs report March 2023:

Nonfarm payrolls growth in March was about in line with expectations, but showed signs that the jobs picture is in the early stages of a slowdown. The Labor Department reported Friday that payrolls grew by 236,000 for the month, compared to the Dow Jones estimate for 238,000 and below the upwardly revised 326,000 in February. […]

ADP March 2023:

A “Now Hiring” sign is displayed on a shopfront on August 5, 2022 in New York City. John Smith | View Press | Corbis News | Getty Images Private sector hiring decelerated in March, flashing another potential sign that U.S. economic growth is heading for a sharp slowdown or recession, payroll processing firm ADP reported Wednesday. […]

Market Talk – March 27, 2023

ASIA:   Local governments in China are facing a debt crisis, with direct debt exceeding 120% of revenue, which is more than what Beijing has unofficially said is an acceptable debt level. The country’s explicit local government debt nearly doubled over five years to the equivalent of $5.14 trillion last year, and there are rapidly […]

Market Talk – March 24, 2023

  ASIA:   Japan’s economy narrowly averted a recession in the final months of 2022, barely growing on frail consumption after shrinking in the third quarter, revised data showed, underscoring the challenge for policymakers trying to shore up a wobbly recovery. Record high inflation and slowing global growth amid sweeping monetary tightening across many countries […]

Market Talk – March 21, 2023

ASIA:   The major Asian stock markets had a green day today: NIKKEI 225 closed Shanghai increased 20.74 points or 0.64% to 3,255.65 Hang Seng increased 258.05 points or 1.36% to 19,258.76 ASX 200 increased 56.90 points or 0.82% to 6,955.40 Kospi increased 9.15 points or 0.38% to 2,388.35 SENSEX increased 445.73 points or 0.77% […]

Market Talk – March 15, 2023

  ASIA: China’s embattled property sector made new progress in its climb out of a months-long slump as official data for January-February on Wednesday showed much narrower declines in home sales, developer investment and construction starts. Home sales by floor area in the first two months of 2023 fell 3.6% from a year earlier, according […]

Fed unlikely to raise rates at March meeting, Moody’s Analytics says

Moody’s Analytics chief economist Mark Zandi thinks the Federal Reserve is unlikely to raise interest rates at its March meeting as there is a “boatload of uncertainty” around the recent bank failures. The financial turmoil of the past few days will certainly affect monetary policy decision making when the Federal Open Market Committee meets next […]