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The United States surpassed two million on-road light-duty electric vehicles in 2021
In 2021, the number of U.S. registered light-duty electric vehicles (EV) on the roads reached 2.13 million vehicles, a sharp increase from the less than 100,000 EVs on the roads in 2012, according to our Monthly Energy Review. EVs have become more popular in the United States over the past decade against the backdrop of consumer preferences; an increasing number of available EV models, particularly in the luxury sector; and government policies aimed at increasing uptake. Supportive policies include EV purchase incentives, zero emission vehicles sales requirements, and fuel economy standards. Our count of EVs includes ... (full story)
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Brent has pushed on to fresh year-to-date highs above $95/bbl, as concerns surrounding tight crude supplies continue to dominate oil markets. Technical factors have contributed to ...
European natural gas prices next summer may be 20% lower than currently estimated thanks to a decline in demand from power plants and ample supplies in storage, according to ...
Today, the Federal Reserve will publish its latest economic forecasts. There will be an intense focus on the Summary of Economic Projections, which is the Fed’s own estimates for ...
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U.S. Treasury yields dipped slightly on Wednesday, pulling the 10-year yield back from highs not seen in more than 15 years as investors awaited the latest update out of the ...
Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have slowed in recent months but remain strong, and the unemployment rate has remained low. Inflation remains elevated. The U.S. banking system is sound and resilient. Tighter credit conditions for households and businesses are likely to weigh on economic activity, hiring, and inflation. The extent of these effects remains uncertain. The Committee remains highly attentive to inflation risks. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent. The Committee will continue to assess additional information and its implications for monetary policy. In determining the extent of additional policy firming that may be appropriate to return inflation to 2 percent over time, the Committee will take into account the cumulative tightening post: Fed Leaves Rates Unchanged @ 5.5% Est. 5.50% post: FOMC STATMENT COMPARE >>>> pic.twitter.com/8yog93qC8h post: MORE FOMC:NO DISSENTS; SEES 5.1% RATE AT YEAREND; TIGHTER CREDIT LIKELY TO WEIGH ON ECON ACTIVITY, HIRING AND INFLATION #FederalReserve #FOMC post: Fed Repeats Language On 'Extent Of Additional Policy Firming' -Job Gains Slowed In Recent Months But Remain Strong
In conjunction with the Federal Open Market Committee (FOMC) meeting held on September 19–20, 2023, meeting participants submitted their projections of the most likely outcomes for real gross domestic product (GDP) growth, the unemployment rate, and inflation for each year from 2023 to 2026 and over the longer run. Each participant’s projections were based on information available at the time of the meeting, together with her or his assessment of appropriate monetary policy—including a path for the federal funds rate and its longer-run value—and assumptions about other factors likely to affect economic outcomes. The longer-run projections represent each participant’s assessment of the value to which each variable would be expected to converge, over time, under appropriate monetary policy and in the absence of further shocks to the economy. “Appropriate monetary policy” is defined as the future path of policy that each participant deems most likely to foster outcomes for economic activity and inflation that best satisfy his or her individual interpretation of the statutory mandate to promote maximum employment and price stability post: Fed Projections Imply One More 25-Basis-Point Rate Hike This Year and 50 Bps of Rate Cuts in 2024, Versus 100 Bps of 2024 Cuts in June Projections post: Fed’s Median Rate Forecast End-’23: 5.6% [Prev. 5.6%] Fed’s Median Rate Forecast End-’24: 5.1% [Prev. 4.6%] Fed’s Median Rate Forecast End-’25: 3.9% [Prev. 3.4%] Fed’s Median Rate Forecast End-’26: 2.9% Fed’s Median Rate Forecast Longer-Run: 2.5% [Prev. 2.5%] post: 2024 dots remove 2 rate cuts: median rises from 4.6% to 5.1% How long until the market interprets this as ECB 2.0 and unleashes stagflation trade pic.twitter.com/8gGiSShyyI
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- Posted: Sep 20, 2023 12:51pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 156