January 26, 2023 United States: US GDP Expands at Healthy 2.9% Pace While Slowdown Signs Mount The US economy expanded at a healthy pace in the fourth quarter, though signs of slowing underlying demand mounted as the steepest interest-rate hikes in decades threaten growth this year. Gross domestic product increased at a 2.9% annualized rate
January 25, 2023 According to the statistical office of the European Union (Eurostat), the third quarter seasonally adjusted government deficit ratio came out to 3.3% in the euro area and 3.2% of GDP in the EU this is an increase compared to the second quarter of 2022. “For the EU and the euro area, significant
January 25, 2023 United States: US Business Activity Shrinks for a Seventh Month, Prices Rise US business activity contracted for a seventh month, though at a more moderate pace, while a measure of input prices firmed in a sign of lingering inflationary pressures. The S&P Global flash January composite purchasing managers index rose 1.6
January 24, 2023 United States: Debt-Limit Fight Risks Early End to Fed Quantitative Tightening The Federal Reserve’s quantitative-tightening program risks being propelled toward an early end as US politicians bicker in Washington over raising the national debt limit, according to some economists and bond-market participants. By shrinking its bond portfolio by up to $95
January 20, 2023 According to England’s ONS (Office of National Statistics) the Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose to 9.2% as at December 2022 while the Consumer Prices Index (CPI) rose to 10.5%. CPIH & CPI in November 2022 was 9.3% & 10.7% respectively. Consumer price inflation estimates suggested that the
January 20, 2023 United States: Fed Set to Slow Rate Hikes Again and Debate How Much Further to Go Federal Reserve officials, heartened by an inflation slowdown, are poised to slow the pace of their interest-rate hikes for a second straight meeting and debate how much more they need to tighten to get prices
January 19, 2023 Gas Price Movement - January 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
January 19, 2023 United States: JPMorgan’s Dimon Says US Shouldn’t ‘Play Games’ on Debt Ceiling Jamie Dimon said the government shouldn’t play games with the debt ceiling, amid a standoff among Republicans and Democrats as the clock ticks on the borrowing cap. “We should never question the creditworthiness of the US government. That is
January 18, 2023 United States: US Mortgage Rates Retreat to 6.23%, Lowest in Four Months US mortgage rates fell to a four-month low last week, supporting more home purchases and refinancing. The contract rate on a 30-year fixed mortgage decreased 19 basis points to 6.23% in the week ended Jan. 13, according to Mortgage
January 17, 2023 United States: Stocks Slide as Big Banks Herald Earnings Jitters: Markets Wrap US stock-index futures fell amid signs central banks will turn more hawkish and as Wall Street banks from Goldman Sachs Group Inc. to Morgan Stanley posted disappointing results. Contracts on the S&P 500 and Nasdaq 100 indexes slipped at
