United States: Fed Lists Six Reasons in Arguing Inflation Surge Will Pass “While much of Wall Street is ringing alarms about out-of-control inflation, Federal Reserve Chair Jerome Powell and his colleagues are expressing confidence in a more benign outlook. Acceleration in U.S. price growth this year will have “only transitory effects on underlying inflation,” Fed
May 12, 2021 The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.8% for April 2021, on a seasonally adjusted basis, according to U.S. Bureau of Labour Statistics (BLS). The all-items index rose 4.2% before seasonal adjustment over the last year. The all-items less food and energy index climbed 0.9% in April. The index
May 12, 2021 tTech Limited (tTech), for the three months ended March 31, 2021, booked a 10% increase in revenues to $96.37 million compared to $87.55 million recorded for the prior financial year’s first quarter. Cost of sales rose by 16% to $31.39 million from the $26.97 million reported for the three months ended March
United States: U.S. Consumer Prices Jump Most Since 2009, Outpacing Estimates “U.S. consumer prices climbed in April by the most since 2009, topping forecasts and intensifying the already-heated debate about how long inflationary pressures will last. The consumer price index increased 0.8% from the prior month, reflecting gains in nearly every major category and a
May 11, 2021 Jamaican Teas Limited (JAMT) reported a 35% increase in revenues to total $1.22 billion (2020: $906.17 million). For the quarter, revenues amounted to $608.55 million a 29% increase when compared to $473.27 million in the previous corresponding period. Management stated that, “Sales at our supermarket decreased by 11 percent.This was a direct
May 11, 2021 Figures are quoted in United States dollars (except where it is indicated otherwise): Transjamaican Highway Limited (TJH), for the three months ended March 31, 2021, reported a 5% decline in revenue which totalled US$12.28 million, relative to US$12.96 million in the corresponding quarter last year. TJH noted that, “This decrease is as
May 11, 2021 Stanley Motta Limited (SML), for the three months ended March 31, 2021 booked a 7% increase in revenue to total $119.64 million compared to $112.02 million for the same period in 2020. The Company mentioned that, “the increase is attributable to the depreciation of the Jamaican dollar which moved from an average of J$136:US$1
May 11, 2021 The graph above shows deaths reported since the previous day and the 7-day moving average As of May 10, 2021, the outbreak of the coronavirus disease (COVID-19) had spread across the globe to six continents, and three million people had died after contracting the respiratory virus. Cases now stand at
May 11, 2021 Caribbean Assurance Brokers (CABROKERS), for the three months ended March 31, 2021, reported revenue of $75.08 million compared to the $70.10 million booked for the corresponding period in the prior year, a 7% decrease. CABROKERS noted that this increase, “ was attributed to increase in our International Division $3.7M, Employee Benefit Division
United States: Fed Officials See Strong Job Gains After April ‘Head-Scratcher’ “April’s disappointing employment report doesn’t change the upbeat outlook for the U.S. labor market amid strong consumer demand, Federal Reserve officials said. “We still think, despite these frictions, that job growth will be strong,” Federal Reserve Bank of Dallas President Robert Kaplan said Monday
