August 15, 2024 United States: US Debt-Cost Surge Is $100 Billion Worse When Fed Is Factored In Interest payments by the US government are rising fast, according to the latest budget numbers published by the Treasury — and even faster in reality. The Treasury shelled out some $861 billion in net interest on the national
August 14, 2024 GDP growth in the Euro Area and EU Seasonally adjusted GDP in both the Euro Area and the EU climbed by 0.3% in the second quarter of 2024 compared to the previous quarter. In the first quarter of 2024, GDP increased by 0.3% in both zones. In the second quarter of 2024,
August 14, 2024 United States: Core US Inflation Eases a Fourth Month, Sealing Fed Rate Cut Underlying US inflation eased for a fourth month on an annual basis in July, keeping the Federal Reserve on track to lower interest rates next month. The so-called core consumer price index — which excludes food and energy costs
August 13, 2024 United States: US Producer Prices Rise Less Than Forecast, Dragged by Services US producer prices rose in July by less than forecast, reflecting the first decline in services costs this year amid an ongoing moderation in inflationary pressures. The producer price index for final demand increased 0.1% from a month earlier, according
August 12, 2024 Gas Price Movement - August 08, 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 part
August 12, 2024 United States: Stocks Rise as Bets Grow CPI Won’t Derail Fed Cuts: Markets Wrap Stocks kicked off the week with gains on speculation key inflation data will keep the Federal Reserve on track to cut interest rates in September. Equities wiped out the losses from last Monday’s market meltdown that rattled trading
August 9, 2024 United States: Fed Seen Rejecting Calls for Jumbo Rate Cut in Economist Survey A large majority of economists surveyed see only a quarter-point decrease in interest rates coming in September — a finding that’s at odds with calls from some large Wall Street banks for a jumbo cut at the next meeting.
August 8, 2024 United States: US Initial Jobless Claims Decline by Most in Nearly a Year Initial applications for US unemployment benefits fell last week by the most in nearly a year, potentially alleviating some concerns that the labor market is cooling too fast following last week’s disappointing jobs report. Initial claims decreased by 17,000
August 7, 2024 United States: US Mortgage Rates Tumble to 6.55% in Biggest Drop in Two Years US 30-year mortgage rates plunged last week by the most in two years, reaching their lowest level since May 2023 and sparking a surge in refinancing applications. The contract rate on a 30-year fixed mortgage declined 27 basis
August 5, 2024 United States: Goolsbee Says Fed Less Reactive Than Markets, Won’t Overreact Federal Reserve Bank of Chicago President Austan Goolsbee reiterated the central bank’s job is not to react to one month of weaker labor data, adding markets are much more volatile than Fed actions. A worse-than-forecast US jobs report Friday, which capped
