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EventsTrader commented Aug 14, 2024Soft. Market is still too dovish on rates, hence data wasn't soft enough to continue to believe there will be a 50 bps rate cut in Sept. That's why we're seeing strength in the USD. Notables:
Although it appears it came ...US Consumer Price Index - July 2024
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EventsTrader commented Aug 13, 2024The outlier in Claimant Count was due to a policy change. Starting in May 2024, the Department for Work and Pensions (DWP) began rolling out an increase in the administrative earnings threshold for full work search conditionality. This change means ...
Labour market overview, UK: August 2024
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EventsTrader commented Aug 13, 2024Generally soft. Some highlights:
PPI for final demand advanced 2.2% over the 12 months ending in July.
Electric power prices decreased by 1.1%.
Prices for final ...US Producer Price Index - July 2024
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EventsTrader commented Aug 5, 2024Overall strong report. Services sector showing signs of strength while manufacturing continues to weaken.
New Orders increased from 47.3 to 52.4, a rise of 5.1 points. Significant growth indicating increased demand and a ...US Services PMI at 51.4%; July 2024 Services ISM Report On Business
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EventsTrader commented Aug 2, 2024Overall weak report regarding the labor market, especially when considering the back revisions. Wage inflation isn't as weak as the m/m indicates.
Health Care sector added 55,000 jobs in July, with gains in home health ...The US Employment Situation -- July 2024
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EventsTrader commented Jul 30, 2024Job market remains steady but when you compare to a year ago the softening becomes more apparent.
Notable changes include increases in job openings in accommodation and food services (+112,000) and state and local ...US Job Openings and Labor Turnover – June 2024
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EventsTrader commented Jul 26, 2024Mixed but softer than expected report. To three decimals Core PCE Price Index came in at 0.182%. The y/y core figure remained unch at 2.6%.
Personal Spending increased by $57.6 billion (0.3%), reflecting higher spending on ...US Personal Income and Outlays, June 2024
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EventsTrader commented Jul 25, 2024Very strong report.

The acceleration was driven primarily by increases in consumer spending, private inventory investment, and nonresidential fixed investment.
Consumer spending ...US Gross Domestic Product, Second Quarter 2024 (Advance Estimate)
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EventsTrader commented Jul 12, 2024Hot
. More inflation in the pipeline? Market reaction doesn't match the data that just dropped (including priors revised up).
PPI for final demand increased by 2.6% for the 12 months ended in June, the largest ...US Producer Price Index - June 2024
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EventsTrader commented Jul 11, 2024Bank of Japan definitely intervening.
Strong suspicions of BOJ intervention looking at that USDJPY chart...
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EventsTrader commented Jul 11, 2024Overall very soft, but the 3% threshold hasn't been broken.
CPI m/m was not as soft as it looks. To two decimals it came it at -0.056%.
Core CPI m/m was a little softer than it looks. To two ...US Consumer Price Index - June 2024
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EventsTrader replied Jul 10, 2024US CPI - July Preview US CPI y/y US CPI m/m US Core CPI m/m Forecasts US CPI y/y: Range of forecasts are between 3.0% and 3.5%. The average estimate is 3.10% and the median 3.1%. US CPI m/m: The range of forecasts are mostly between 0.0% and 0.2%. ...
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EventsTrader commented Jul 5, 2024Weak. Those sneaky downward revisions.
Government added 70,000 jobs, significantly higher than the monthly average of 49,000.
Health care increased by 49,000 jobs, ...The US Employment Situation -- June 2024
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EventsTrader commented Jun 12, 2024Although reported as 0.2%, on a two-decimal basis, core CPI m/m rose 0.16%.

US Consumer Price Index - May 2024
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EventsTrader commented Jun 12, 2024Very soft inflation data!
CPI for All Urban Consumers (CPI-U) remained unchanged in May, indicating a stabilization in consumer prices following a moderate increase in April.
The energy index ...US Consumer Price Index - May 2024
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EventsTrader commented Jun 11, 2024Here's what I think about tomorrow: url Gold will basically be inverse of the USD.
The US Employment Situation -- May 2024
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EventsTrader replied Jun 11, 2024FOMC Meeting - June Preview US Federal Funds Rate US FOMC Economic Projections US FOMC Statement US FOMC Press Conference Forecasts and expectations The Fed is widely expected to keep rates on hold. The focus will be on the dot plot and how many ...
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EventsTrader commented Jun 7, 2024It was actually lower than the data might suggest, 0.02% from being reported as unchanged. The rate was 3.96% calculated to two decimals. It's historically very low. image
The US Employment Situation -- May 2024