July 14, 2023 United States: Fed’s Goolsbee Says Latest Inflation Data Promising, But Still High Federal Reserve Bank of Chicago President Austan Goolsbee said recent consumer-price data showing inflation easing was “promising,” though inflation is still higher than policymakers’ 2% goal. “It’s at least promising that this week we got inflation numbers that show
Gas Price Movement - July 13 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 part of their compensation was,
July 13, 2023 United States: US Producer Prices Approach Deflation With 0.1% Annual Rise US producer prices barely rose in June from a year earlier, another sign of cooler inflation that will likely comfort Federal Reserve officials. The producer price index for final demand rose 0.1% from a year earlier, the smallest advance since
July 12, 2023 According to the statistical office of the European Union (Eurostat), in June 2023, the euro area annual inflation rate is estimated to decline to 5.5% from the 6.1% reported in May 2023. Food, alcohol & tobacco is expected to have the highest annual rate of 11.7% relative to 12.5% in May
July 12, 2023 United States: US Inflation Hits Two-Year Low, Giving Hope for End to Fed Hikes US inflation sharply cooled last month, offering fresh hope that the Federal Reserve can soon wrap up the most aggressive interest-rate hikes in decades. The consumer price index rose 3% last month from a year ago, the
July 11, 2023 United States: Bank of America to Pay $250 Million to Settle US ‘Junk Fee’ Case Bank of America Corp. agreed to pay $150 million to regulators and $100 million to customers for improperly charging fees and mismanaging accounts and rewards, the top US consumer watchdog said. The Consumer Financial Protection Bureau
July 10, 2023 United States: Powell Haunted by Repo Crisis as Fed Aims to Cut Balance Sheet Tucked away in hours of congressional testimony by Federal Reserve Chair Jerome Powell last month was an admission that the central bank was blindsided by the impact of shrinking its balance sheet four years ago. While Powell
July 7, 2023 United States: US Adds Below-Forecast 209,000 Jobs as Labor Market Cools US job gains moderated in June while wage growth remained firm, showing a strong enough labor market to keep the Federal Reserve on track to raise interest rates this month. Nonfarm payrolls increased 209,000 — the smallest advance since the
Gas Price Movement - July 6, 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 part of their compensation
July 6, 2023 United States: Fed’s Logan Says More Rate Hikes Needed to Slow Hot Inflation Federal Reserve Bank of Dallas President Lorie Logan said more interest-rate increases will likely be needed to spur meaningful disinflation and bring price-growth rates back to the central bank’s target. “I remain very concerned about whether inflation will
