February 14, 2022 The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.8% for February 2022, on a seasonally adjusted basis, according to U.S. Bureau of Labour Statistics (BLS) after a 0.6% increase in January. The all-items index rose 7.9% before seasonal adjustment over the last year. It was noted, “The 12-month increase has
March 14, 2022 Jamaica’s debt-to-gross domestic product (GDP) ratio is projected to recover to 96 percent by March 2022, as the economy continues its strong rebound from the coronavirus (COVID-19) pandemic reports, meanwhile minister of finance and the public service, Dr Nigel Clarke credits the economic rebound to prudent fiscal management. Debt-to-GDP ratio The debt-to-GDP
United States: Fed to Start Rate Hikes With License to Turn Aggressive Later “The Federal Reserve will this week begin a multi-month campaign to conquer inflation that could see Chair Jerome Powell moving even more aggressively after Russia’s war on Ukraine fanned prices further. Already pivoting to tightening monetary policy amid the fastest consumer price
March 11, 2022 For the nine months ended January 31 ,2022, Jamaica Broilers Group (JBG) reported total revenues of $55.13 billion, a 33% increase on the $41.32 billion reported in 2021. Revenue for the third quarter closed at $19.31 billion (2021: $14.77 billion). Total revenue for the nine months is broken down as follows. Of total
March 11, 2022 For the three months ended January 31, 2022 Scotia Group Jamaica Limited’s (SGJ) net interest income rose 6% amounting to $6.16 billion, relative to $5.80 billion for the corresponding period in 2021, while interest expenses declined by 12% to total $452.23 million (2021: $512.44 million). Interest income for the quarter increased from
United States: Yellen Sees ‘Uncomfortably High’ 2022 Inflation But No Recession “Treasury Secretary Janet Yellen declined to offer a new forecast on inflation for the end of 2022 as she acknowledged that fallout from Russia’s invasion of Ukraine would worsen price rises, which just hit another 40-year high in February. “I think there’s a lot
Fitch Ratings on March 09, 2022, affirms a stable outlook ‘B+’ for Jamaica’s Long-Term Foreign-Currency Issuer Default Rating (IDR). It was noted the stable outlook is based on Fitch's expectation that hasn’t been interrupted by the pandemic, a downward trend in public debt-to-GDP will be underpinned by political consensus to maintain a high primary surplus.
Gas Price Movement - March 10, 2022 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,
United States: U.S. Futures Fall on Inflation Fears as War Rages: Markets Wrap “U.S. equity-index futures fell amid concerns the nation’s inflation accelerated for a sixth successive month and that the Russian attack on Ukraine will continue. Bonds rallied as investors turned to the European Central Bank to gauge policy makers’ response to the war
March 9, 2022 According to Eurostat, “employment growth in the euro area and EU The number of employed persons increased by 0.5% in both the euro area and in the EU in the fourth quarter of 2021, compared with the previous quarter.” In the third quarter of 2021, employment rose by 1.0% in the euro
