October 25, 2023 United States: Strongest US Economic Growth Since 2021 Puts Fed in Tough Spot The US economy likely expanded in the third quarter at the fastest clip in nearly two years, a surprising acceleration primarily powered by a consumer reaping the benefits of resilient job growth, rising wealth and easing inflation. Gross
October 24, 2023 According to the Federal Statistical Office (Destatis), Germany’s producer prices for industrial products fell 14.7% in September relative to September 2022, down 0.2% compared to August 2023. This was the greatest year-on-year fall since 1949. In August 2023, the year-on-year change rate was -12.6%, mainly due to a base effect from
October 24, 2023 United States: Deficit Doubling as US Economy Grows Shows Why Yields Are at 5% In a year when the US economy exceeded almost everybody’s expectations, the underlying federal deficit roughly doubled, spotlighting a dire fiscal trajectory likely to only worsen the partisan budget battles in Washington. The government ran a $2.02
October 23, 2023 United States: Treasury 10-Year Yield Breaches 5% for First Time Since 2007 The 10-year Treasury yield crossed 5% for the first time in 16 years, propelled by expectations the Federal Reserve will maintain elevated interest rates and that the government will further boost bond sales to cover widening deficits. The yield
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 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 According to England’s Office of National Statistics (ONS) the Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 6.3% in the 12 months to September 2023, same rate as in August. The Consumer Prices Index (CPI) rose by 6.7%, same rate as in August. On a monthly basis, CPIH rose
October 18, 2023 According to the statistical office of the European Union (Eurostat), in September 2023, the Euro area annual inflation rate was 4.3%, down from 5.2% reported in August 2023. The prior year’s rate was 9.9%. Annual inflation in the European Union was 4.9% in September 2023, down from 5.9% in August 2023. The
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
