November 15, 2023 According to England’s Office of National Statistics (ONS) the Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 4.7% in the 12 months to October 2023, down from 6.3% in September. The Consumer Prices Index (CPI) rose by 4.6%, down from 6.7% in September. On a monthly basis, CPIH rose
November 15, 2023 United States: US Producer Prices Decline by Most Since April 2020 on Gasoline Prices paid to US producers unexpectedly declined in October by the most since April 2020, adding to evidence of abating inflationary pressures across the economy. The producer price index for final demand decreased 0.5% from a month earlier,
November 14, 2023 United States: US Inflation Report to Keep Fed Leaning Toward More Rate Hike A monthly US government report on consumer prices due Tuesday is set to show slower progress toward the Federal Reserve’s 2% inflation target, keeping the central bank biased toward more tightening, according to Bloomberg Economics. The figures are
November 13, 2023 United States: Goldman Sachs, Morgan Stanley Diverge on Fed Rate-Cut Forecasts Morgan Stanley economists forecast the Federal Reserve to make deep interest-rate cuts over the next two years as inflation cools, while Goldman Sachs Group Inc. analysts expect fewer reductions and a later start. The central bank will start cutting rates
November 10, 2023 United States: US Futures Gain as Traders Look Past Hawkish Talk: Markets Wrap US equity futures edged higher as investors waited to see if more Federal Reserve speakers today echo the hawkish message from Chair Jerome Powell. Futures for the S&P 500 rose about 0.3%. Treasuries also recovered from the previous
November 9, 2023 Gas Price Movement - November 9 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
November 9, 2023 United States: Stocks Up, Bonds Down After Jobless Claims Data: Markets Wrap Stock futures rose and bonds fell after jobless claims figures added to evidence that the labor market is cooling, with traders also awaiting remarks from Jerome Powell and a raft of Federal Reserve speakers. S&P 500 contracts signaled the
November 8, 2023 United States: US 30-Year Mortgage Rate Tumbles by Most in More Than a Year The average 30-year mortgage rate plunged last week by the most in more than a year, helping generate the biggest advance in home purchase applications since early June. The contract rate on a 30-year fixed mortgage slid 25 basis
November 7, 2023 United States: US Debt Interest Bill Rockets Past a Cool $1 Trillion a Year US Treasuries may face renewed selling pressure into the new year if the nation’s swelling debt repayment bill is any guide. Estimated annualized interest payments on the US government debt pile climbed past $1 trillion at the
November 6, 2023 United States: Stocks Hold Gains After Big Rally on Fed Rates: Markets Wrap Stock and bond markets steadied after last week’s blockbuster rally, with traders still optimistic that US and European central banks may start cutting interest rates as soon as next year. US futures added about 0.1%, with Tesla Inc.
