August 15, 2023 United States: US Retail Sales Top Forecasts, Showcasing Consumer Resilience US retail sales rose in July by more than forecast, suggesting consumers still have the wherewithal to sustain the economic expansion. The value of retail purchases increased 0.7% in July after upward revisions in the prior two months, Commerce Department data
August 14, 2023 United States: The Fed Is Playing a Waiting Game to Try to Avoid a Recession An increasing number of economists — including the Federal Reserve’s own staff — are predicting the US will escape a recession, though it’ll be well into 2024 before anyone can be sure of it. Fed Chair
August 11, 2023 United States: US Producer-Price Inflation Picks Up on Boost From Services US producer prices picked up in July, primarily due to increases in certain service categories, highlighting the choppy nature of getting inflation back down to target. The producer price index for final demand, as well as the core index which
August 10, 2023 Gas Price Movement - August 10, 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 10, 2023 United States: US Core CPI Posts Smallest Back-to-Back Increases in Two Years A key measure of US consumer prices rose only modestly for a second month, bolstering hopes that the Federal Reserve can tame inflation without sparking a recession. The core consumer price index, which excludes often-volatile food and energy costs,
August 9, 2023 United States: First American City to Tame Inflation Owes Its Success to Affordable Housing No place in the US has put inflation in the rearview mirror quite as fast as Minneapolis. In May, the Twin Cities became the first major metropolitan area to see annual inflation fall below the Federal Reserve’s
August 8, 2023 United States: US Bank Shares Drop After Moody’s Cuts Ratings, Warns on Risks US bank stocks declined after Moody’s Investors Service lowered its ratings for 10 small and midsize lenders and said it may downgrade major firms including U.S. Bancorp, Bank of New York Mellon Corp., State Street Corp., and Truist
August 4, 2023 United States: US Adds 187,000 Jobs, Unemployment Rate Drops to 3.5% US employment increased at a solid pace in July while wages rose at a faster-than-expected clip, consistent with sustained labor demand that’s at the root of renewed momentum in the economy. Nonfarm payrolls increased 187,000 last month following a similar increase
August 3, 2023 Gas Price Movement - August 3, 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 3, 2023 United States: Fed’s Barkin Says Inflation-Rate Drop May Be Soft-Landing Signal Federal Reserve Bank of Richmond President Thomas Barkin said the greater-than-expected easing in inflation in June may be an indication that the US economy can have a “soft landing,” returning to price stability without a damaging recession. “There is still a plausible story that inflation normalizes
