United States: Fed Official Suggests Half-Point March Hike on Table If Data Hot “Federal Reserve Governor Michelle Bowman suggested that a half percentage-point increase in interest rates could be on the table next month if incoming readings on inflation come in too high. “I support raising the federal funds rate at our next meeting in
February 21, 2022 Advance Estimates of U.S. Retail and Food Services Advance estimates of January 2022 retail and food services sales in the United States, adjusted for seasonal variation, holiday and trading-day differences, but not for price changes, were $649.8 billion, a 3.8 percent (± 0.5 percent) increase from the previous month and a 13.0
February 21, 2022 Weekly Pick 21.02.22 SVL 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, is,
United States: U.S. Agriculture Secretary Criticizes Price Exploitation “The U.S. Agriculture Secretary said some recent price increases were the result of businesses “taking advantage” of the coronavirus pandemic and supply-chain disruptions to push up food costs. Food prices have soared globally in the past year as economies recover from the pandemic and amid a jump
February 18, 2022 BANK OF JAMAICA REDUCES MONETARY ACCOMMODATION Bank of Jamaica (BOJ) announces its decision to increase the policy interest rate (the rate offered to deposit-taking institutions on overnight placements with BOJ) by 150 basis points to 4.00 per cent per annum, effective 21 February 2022. The Bank also decided to pursue stronger measures
February 18, 2022 Palace Amusement Company (PAL) reported six months total revenues of $231.67 million, a 248% increase when compared with the $66.62 million recorded for corresponding period in 2020. Total revenue for the quarter increased 307% to total $151.15 million relative to the $37.14 million recorded for same period in 2020. Direct Expenses for
February 18, 2022 For the October – December 2021 quarter, real GDP is estimated to have grown by 6.0%, relative to the corresponding quarter of 2020. The estimated out-turn was influenced by the following: 1. The continued relaxation of COVID-19 containment measures globally, which facilitated increased domestic and external demand, resulting in a general uptick
February 17, 2022 Equity Market Review January 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: Fed Needs to Hike to Slow Inflation Without Recession, Credit Suisse Says “The Federal Reserve needs to deliver a Volcker-style shock to drive down asset prices if it wants to slow inflation without causing a recession, according to Credit Suisse Group AG strategist Zoltan Pozsar. Policy makers should stoke volatility to set off
February 16, 2022 The seasonally adjusted Producer Price Index for final demand jumped 1.0 percent in January, according to the US Bureau of Labor Statistics. This increase comes after gains of 0.4 percent in December 2021 and 0.9 percent in November 2021. Final demand prices increased 9.7% in the year ended January 2022 on an
