October 12, 2023
United States:
US Consumer Prices Rise at Brisk Pace for Second Straight Month
US consumer prices advanced at a brisk pace for a second month, reinforcing the Federal Reserve’s intent to keep interest rates high and bring down inflation.
The so-called core consumer price index, which excludes food and energy costs, increased 0.3% in September, Bureau of Labor Statistics data showed Thursday. Economists favor the core gauge as a better indicator of underlying inflation than the overall CPI. That measure climbed 0.4%, boosted by energy costs.
Europe:
ECB Officials Saw Rate Hike as ‘Close Call,’ Account Shows
European Central Bank officials saw last month’s decision to raise interest rates by another 25 basis points as a “close call,” according to an account of their last policy meeting.
Governing Council members assessed that the risks of tightening too much and the risks of tightening too little had become “more balanced,” the account of the Sept. 13-14 gathering published Thursday showed.
Asia:
India Inflation Eases Within Target Band as Food Prices Slow
India’s inflation slowed in September, returning to within the Reserve Bank of India’s target band, as food prices continued to ease.
The consumer price index rose 5.02% from a year earlier, statistics ministry data showed Thursday. That was lower than 6.83% in August and compared with a median forecast of 5.4% in a Bloomberg survey of economists.
Disclaimer:
Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.
Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
