April 18, 2024 United States: US Yields Rise as Solid Data Keeps Lid on Fed Bets: Markets Wrap Treasury yields edged higher after solid economic data spurred bets the Federal Reserve will be in no rush to cut interest rates. Ahead of the start of the Fed’s pre-meeting silent period, the bond market saw
April 17, 2024 The Statistical Institute of Jamaica (STATIN) reported that for March 2024, the point-to-point inflation rate was +5.6%; 0.6 percentage points lower than the prior point-to-point inflation rate. However, for the month of March 2024, the inflation rate was -0.5%, the third consecutive monthly decline. The main driver of the monthly decrease
April 15, 2024 Express Catering Limited (ECL) for the nine months ended February 29, 2024, reported a 23% increase in revenue totalling US$18.67 million compared to US$15.15 million in the corresponding period last year. Revenue for the third quarter had a 17% increase to close at US$7.09 million compared to US$6.04 million for the
April 15, 2024 United States: Fed’s Williams Still Expects Rate Cuts to Begin This Year Federal Reserve Bank of New York President John Williams said the central bank will likely start lowering interest rates this year if inflation continues to gradually come down. Williams said monetary policy is in a good place, and pointed
April 12, 2024 United States: US Lawmakers Plan to Extend Africa Trade Pact AGOA Through 2041 US senators introduced a bill to extend the nation’s trade program with about 40 sub-Saharan African nations until 2041, helping them maintain duty-free access to the world’s biggest economy. Jim Risch, a Republican from Idaho, and Delaware Democrat
April 11, 2024 Gas Price Movement - April 11, 2024 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
April 11, 2024 United States: Williams Signals Fed Still Has Work to Do in Its Inflation Fight Federal Reserve Bank of New York President John Williams said the central bank has made “tremendous progress” toward better balance on its inflation and employment goals, but acknowledged policymakers are not yet done. “The economy has come
April 10, 2024 United States: US Core CPI Tops Forecasts Again, Likely Delaying Fed Rate Cuts A measure of underlying US inflation topped forecasts for a third straight month, heralding a fresh wave of price pressures that will likely delay any Federal Reserve interest-rate cuts until later in the year. The so-called core consumer
April 9, 2024 United States: State Street Sees Half-Point Fed Rate Cut as Soon as June State Street Global Advisors is bucking the recent hawkish shift in market consensus to bet that the Federal Reserve will cut interest rates by 50 basis points as soon as June. The $3.6 trillion asset manager thinks the
April 8, 2024 United States: Traders Favor Two Fed Cuts in 2024 With US Rates at Year’s Highs Traders’ conviction on three quarter-point interest-rate cuts from the Federal Reserve this year is quickly dissipating, with markets now favoring just two reductions. Interest-rate swaps imply around 60 basis points of US monetary easing this year,
