March 15, 2024 United States: Fed Seen Sticking With Three 2024 Cuts Despite Higher Inflation A recent pickup in inflation isn’t likely to shift Federal Reserve policymakers’ forecasts for three interest-rate cuts this year and four in 2025, according to economists surveyed by Bloomberg News. The Federal Open Market Committee will keep rates steady
March 14, 2024 United States: US Producer Prices Jump, Adding to Signs of Persisting Inflation Prices paid to US producers rose in February by the most in six months, driven by higher fuel and food costs that add to evidence inflation remains elevated. The producer price index for final demand increased 0.6% from January,
March 13, 2024 United States: US Inflation Tops Forecasts in Blow to Fed Rate-Cut Hopes US consumer prices jumped at the start of the year, stalling recent disinflation progress and likely delaying any Federal Reserve interest-rate cuts. The consumer price index rose by more than forecast across the board in January — on a
March 12, 2024 United States: US Core Inflation Tops Forecasts Again, Reinforcing Fed Caution Underlying US inflation topped forecasts for a second month in February as prices jumped for used cars, air travel and clothes, reinforcing the Federal Reserve’s cautious approach to cutting interest rates. The so-called core consumer price index, which excludes food
March 11, 2024 United States: End of Fed Tool That Buoyed US Banks Puts Reserves in Spotlight Wall Street banks are hunting for alternative ways to shore up their coffers as an emergency lending tool that helped resolve last year’s regional banking crisis expires. The Bank Term Funding Program, which was established in March
March 8, 2024 United States: Concentrated US Payrolls Growth Likely Masked Cooling, Bloomberg Economics Says The US Bureau of Labor Statistics will likely issue another strong jobs report Friday, but one that shows hiring in February was concentrated in just a few sectors and masked a broader cooling in the labor market, according to Bloomberg Economics.
March 7, 2024 On March 7, 2024, the Governing Council made the decision to keep the three key interest rates set by the European Central Bank (ECB) unchanged. Therefore, the interest rate on the main refinancing operations, the marginal lending facility, and the deposit facility will all remain at 4.50%, 4.75%, and 4.00%, respectively. Since
March 7, 2024 Gas Price Movement - March 7, 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
March 7, 2024 United States: US Stock Buybacks to Hit $1 Trillion in 2025, Goldman Says US share buybacks are set to surpass $1 trillion next year for the first time ever, thanks to strong megacap technology earnings, strategists at Goldman Sachs Group Inc. said. For 2024, the bank expects S&P 500 stock repurchases
March 6, 2024 United States: US Companies Added 140,000 Jobs in February, ADP Data Show US companies boosted hiring in February at a moderate pace, pointing to a resilient demand for workers across industries. Private payrolls increased by 140,000 last month after a 111,000 gain in January, according to figures published Wednesday by the
