August 24, 2023 United States: Bullard Says Reaccelerating US Economy Could Prompt Higher Rates Former Federal Reserve Bank of St. Louis President James Bullard said a pickup in economic activity this summer could delay plans for the Fed to wrap up interest-rate increases. “This reacceleration could put upward pressure on inflation, stem the disinflation
August 23, 2023 United States: US Home Purchase Applications Hit Lowest Since 1995 on Rate Rise US mortgage applications for home purchases stumbled last week to an almost three-decade low, indicating residential real estate is reeling from the recent spike in borrowing costs. The Mortgage Bankers Association index of home-purchase applications fell 5% to
August 22, 2023 United States: Half a Million US Jobs at Risk of Vanishing in Payroll Revision US payrolls growth in the year through March is forecast to be weaker than current data illustrate — by one estimate about 500,000 jobs weaker. JPMorgan Chase & Co.’s Daniel Silver estimates Wednesday’s government preliminary benchmark revision
August 21, 2023 United States: Fed Can’t Celebrate Yet as Investors Expect Rates, Inflation to Remain Elevated If they’d been offered today’s economy a year ago – with inflation downgraded from emergency to mere headache, still-low unemployment, and growth that’s slowed without stalling – the world’s top central bankers would’ve taken it like a
August 18, 2023 Gas Price Movement - August 17, 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
August 18, 2023 According to the statistical office of the European Union (Eurostat), in July 2023, the Euro area annual inflation rate was 5.3%, down from 5.5% reported in June 2023. The prior year’s rate was 8.9%. Annual inflation in the European Union was 6.1% in July 2023, down from 6.4% in June 2023. The
August 18, 2023 United States: Economists Lift US Growth Forecasts, See Fed Higher for Longer Economists see a stronger US economy into the next year and a smaller rise in unemployment, supporting expectations that the Federal Reserve will keep interest rates higher for longer. Gross domestic product is expected to advance an annualized 1.8%
August 17, 2023 United States: US Jobless Claims Decline in Sign of Resilient Labor Market Applications for unemployment benefits fell by the most in five weeks, suggesting the resilient economy is making employers reluctant to reduce headcount. Initial claims decreased by 11,000 to 239,000 in the week ended Aug. 12, according to Labor Department
August 16, 2023 According to England’s Office of National Statistics (ONS) the Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 6.4% as at July 2023, down from 7.3% in June. The Consumer Prices Index (CPI) rose by 6.8%, down from 7.9% in June. On a monthly basis, CPIH fell by 0.3% in
August 16, 2023 United States: Fed Minutes Set to Show Only a Minority Saw End of Tightening A record of the Federal Reserve’s July policy meeting due Wednesday is set to show only a minority of officials favored holding interest rates steady over the remainder of the year, according to Bloomberg Economics. At the
