January 16, 2025 United States: US Retail Sales Broadly Advance, Capping a Solid Holiday Season US retail sales broadly advanced in December, indicating strong consumer demand to wrap up the holiday season. The value of retail purchases, not adjusted for inflation, increased 0.4% after an upwardly revised 0.8% gain in November, Commerce Department data
January 15, 2025 United States: US Core CPI Eases to 0.2% After Months of Firm Inflation US consumer prices rose in December by less than forecast after months of faster underlying inflation persuaded the Federal Reserve to signal a pause in interest-rate cuts. The so-called core consumer price index — which excludes food
January 14, 2025 United States: US Wholesale Inflation Surprisingly Eases on Drop in Food Prices US wholesale inflation unexpectedly cooled in December, helped by a drop in food costs and flat services prices that may help temper concerns of lingering price pressures. The producer price index for final demand rose 0.2% from a month earlier,
January 13, 2025 United States: Treasuries Selloff Ripples Through World Markets After Jobs Data Treasuries fell as traders scaled back bets on Federal Reserve interest-rate cuts following Friday’s blowout US employment report. Yields on benchmark 10-year bonds rose as much as four basis points on Monday to 4.80%, the highest level since November
January 10, 2025 United States: US Payrolls Rise Most Since March, Jobless Rate Drops to 4.1% US employment in December advanced by the most in nine months and the unemployment rate unexpectedly fell, capping another year of resilience in the labour market. Nonfarm payrolls increased 256,000 following a slight downward revision to the
January 9, 2025 United States: Fed’s Collins Favors More Patience and Fewer Rate Cuts in 2025 Federal Reserve Bank of Boston President Susan Collins said she favours fewer rate cuts in 2025 than she had anticipated just a few months ago, following strong employment data and lingering inflation. Collins, who emphasized the need for patience,
January 8, 2025 United States: US Firms Add 122,000 Jobs in ADP Data, Fewest Since August US private sector hiring and wage growth slowed in December, indicating an ongoing moderation in demand for workers. Employment rose by 122,000 last month — the least in four months — following a 146,000 increase in November,
January 07, 2025 The seasonally adjusted unemployment rate for the euro area was 6.3% in November 2024, down from 6.5% in November 2023 but constant from October 2024. In November 2024, the unemployment rate in the EU was 5.9%, a decrease from 6.1% in November 2023 but stable compared with October 2024. Eurostat estimates that 12.968 million persons
January 7, 2025 United States: US Trade Deficit Widens on Largest Jump in Imports Since 2022 The US trade deficit widened in November, reflecting the biggest jump in imports since March 2022 as companies accelerated shipments ahead of a possible dockworkers’ strike and in anticipation of potential tariffs by the Trump administration. The gap in
January 6, 2025 United States: US Yields Hit 14-Month High Before $119 Billion of Debt Sales The yield on US 30-year bonds climbed to the highest since late 2023, as a rattled Treasury market prepares for $119 billion of fresh government debt issuance this week. The 30-year rate climbed as much as four
