October 20, 2023 United States: Economists Boost US Growth Projections, Reduce Recession Odds Economists raised their US growth projections through early 2024 and trimmed recession odds to a one-year low as consumers continue to spend. The economy probably expanded at an annualized 3.5% rate in the third quarter, the fastest in nearly two years,
October 19, 2023 Gas Price Movement - October 19, 2023 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
October 19, 2023 The Statistical Institute of Jamaica (STATIN) reported that for September 2023, the point-to-point inflation rate was 5.9%; 0.9 percentage points lower than the prior point-to-point inflation rate due to lower prices for some agriculture produce. However, for the month of September 2023, the inflation rate was +0.5%. The main driver of
October 19, 2023 United States: US Treasuries at 5% Are a Buy, Says Morgan Stanley Investment If 10-year US Treasury yields hit 5% or higher, that’s a good entry point for investors, according to Morgan Stanley Investment Management. “Those will be great levels to get longer in your portfolio from a duration perspective” under
October 18, 2023 United States: US Housing Starts Rise on Pickup in Multi-Family Projects New US home construction rose in September, led by a pickup in multi-family groundbreakings. Residential starts increased 7% last month after falling by the most in over a year in August, according to government data released Wednesday. Multi-family dwellings rose
October 17, 2023 Image Plus Consultants Limited (IPCL) for the six months ended August 31, 2023, reported a slight decrease in revenue totalling $554.14 million compared to $554.82 million in the corresponding period last year. Revenue for the second quarter had a 7% decrease to close at $253.96 million relative to $273.73 million for
October 17, 2023 United States: US Retail Sales Top Forecasts in Sign of Durable Consumer Demand US retail sales increased in September by more than forecast in a broad advance that suggests durable household demand as the third quarter drew to a close. The value of retail purchases, unadjusted for inflation, increased 0.7% after
October 13, 2023 Paramount Trading (Jamaica) Limited (PTL) for the first quarter ended August 31, 2023, reported a 28% decrease in revenue totalling $426.05 million compared to $595.17 million in the corresponding three months last year. Management noted that the most notable impact on this decline was observed in the Construction business unit due
October 13, 2023 United States: Fed’s Harker Reiterates Call for Holding Interest Rates Steady Federal Reserve Bank of Philadelphia President Patrick Harker said disinflation is under way and reiterated that he favors holding interest rates where they are, barring a sharp change in data. “I believe that we are at the point where we
October 10, 2023 United States: New York Fed’s Perli Says Balance-Sheet Runoff Smooth, Eyes Risk A senior official at the Federal Reserve Bank of New York said the central bank’s balance-sheet runoff has been running smoothly with “no significant” disruptions to markets, but the Fed will continue to monitor for risks. “Recently, our implementation
