Search Moneycorp
Viewing 10 of 1673
While Jerome Powell’s speech sounded hawkish on the surface, the lack of significant pushback to improving risk conditions led to choppiness in yesterday’s session.
US CPI drops by 0.1% to +6.4% YoY, although a larger drop to +6.2% was expected in the bank survey.
The dollar surged to a one-month high yesterday, cementing strong gains across the board, aided by surging US Retail Sales data.
It is a big, big day for Canada, with both the latest Inflation and Retail Sales data due.
Ongoing dollar weakness has continued without disruption throughout this week. The dollar index is now around 0.7% lower.
The latest US PCE price index, released on Friday, followed a familiar pattern among recent global inflation updates. Annual headline inflation dipped to 5% (from 5.3%).
This week’s incoming US data releases have raised concerns over the outlook for the world’s largest economy.
US CPI drops by 1% to +5.0% YoY, 0.1% better than expectations.
US Producer price inflation (PPI) registered noteworthy declines over the past month. Headline annual inflation dropped to 2.7%, with core PPI now at 3.4%.
Viewing 10 of 1673