September 12, 2022
United States:
US Inflation Will Guide Fed Readying Next Hike: Eco Week Ahead
US inflation data in the coming week may give the Federal Reserve mixed signals ahead of a potential third-straight jumbo interest-rate hike, with a broad measure of consumer prices likely to simmer down even as a gauge of underlying pressures accelerates.
The government’s report is expected to show an 8% increase in the overall consumer price index from the same month last year, down from 8.5% in July yet still historically elevated. Stripping out energy and food, the CPI is forecast to climb 6.1%, up from 5.9% in the year through July.
Europe:
UK Economy Recovers Slower Than Expected From Bank Holiday Slump
The UK economy recovered more slowly than expected from a slump triggered by an extra public holiday in June, with industrial production and construction both shrinking.
Asia:
India August Inflation Accelerates to 7% on High Food Prices
India’s retail inflation rose more-than-estimated in August, driven by high food and fuel costs, posing a fresh challenge to the central bank’s efforts to cool prices.
Consumer prices rose 7% last month from a year earlier, data released by the Statistics Ministry showed Monday. That’s faster than an estimate of a 6.90% gain in a Bloomberg survey of economists and compares with a 6.71% reading in July.
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, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.
Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may affect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.