Atlanta Fed GDPNow data, chart by Mish Chart Notes The blue line is the base forecast. It’s all the public sees or hears when the BEA releases its GDP report, but it’s not what matters most. The red line is actual final sales (RFS). This is the bottom line estimate for the economy and what …
Despite strong spending in October, GDPNow forecasts have plunged, why? Read More »
Inflation showed welcome signs of moderating in October, but remained uncomfortably fast even as a slew of economic data underlined that a return to normal price increases could take time. Prices as measured by the Personal Consumer Expenditure Index, the measure the Federal Reserve is watching most closely, climbed 6% on the year to October, …
The Fed’s favorite inflation gauge slowed in October Read More »
Inflation showed welcome signs of moderating in October, but remained uncomfortably fast even as a slew of economic data underlined that a return to normal price increases could take time. Prices as measured by the Personal Consumption Expenditure Index, the metric the Federal Reserve is watching most closely, rose 6% in the year to October, …
The Fed’s favorite inflation gauge slowed in October Read More »
Inflation rose in October roughly in line with estimates, sending a sign that price increases may at least level off, the Commerce Department reported Thursday. The Core Personal Consumption Expenditure Price Index, a gauge that excludes food and energy and is favored by the Federal Reserve, rose 0.2% for the month and 5% from last …
The key measure of inflation tracked by the Fed rose 0.2% in October, less than expected Read More »
November 28, 2022 Components of the broad monetary aggregate M3 The annual growth rate of the broad monetary aggregate M3 decreased from 6.3% in September to 5.1% in October 2022.[1], averaging 5.8% in the three months to October. The components of M3 showed the following evolutions. The annual growth rate of the narrower aggregate M1, …
Monetary developments in the euro area: October 2022 Read More »
At 86 million units/year, October’s Global Light Vehicle (LV) sales rate was in line with the previous month, according to analysis by LMC Automotive (a GlobalData company). A global market forecast of 81.6 million units in 2022 would be stable compared to 2021 and some 9.5% below the 2019 level (just over 90 million). However, …
Global Light Vehicle Market Stable in October, but Dark Clouds Loom Read More »
U.S. home sales fell for the ninth straight month in October as soaring mortgage rates and high prices pushed buyers out of the market. Sales of existing homes — which include single-family homes, townhouses, condominiums and co-ops — were down 28.4% in October from a year ago and 5.9% from September , according to a …
GLOBAL MARKETS DJIA 33546.32 -7.51 -0.02% Nasdaq 11144.96 -38.70 -0.35% S&P 500 3946.56 -12.23 -0.31% FTSE 100 7346.54 -4.65 -0.06% Nikkei Stock 27980.14 49.57 0.18% Hang Seng 18373.90 328.24 1.82% Kospi 2458.94 16.04 0.66% SGX Nifty* 18420.00 45.0 0.24% *Nov contract USD/JPY 139.87-88 -0.23% Range 140.49 139.85 EUR/USD 1.0367-70 +0.03% Range 1.0380 1.0358 CBOT Wheat …
Indian Morning Briefing: Mixed Asian Markets; Japan’s headline CPI rose 3.7% in October Read More »
Minneapolis CNN Business — US shoppers spent more in October, showing continued resilience amid still-high inflation and an early start to the holiday shopping season. US retail sales rose 1.3% in October, the Census Bureau reported Wednesday. It’s the biggest monthly gain since February and better than 1% economists had expected. consumer spending was flat …
GLOBAL MARKETS DJIA 33536.70 -211.16 -0.63% Nasdaq 11196.22 -127.11 -1.12% S&P 500 3957.25 -35.68 -0.89% FTSE 100 7385.17 67.13 0.92% Nikkei Stock 27960.90 -2.57 -0.01% Hang Seng 17950.25 330.54 1.88% Kospi 2468.42 -6.23 -0.25% SGX Nifty* 18443.50 66.0 0.36% *Nov contract USD/JPY 140.31-32 +0.31% Range 140.51 139.88 EUR/USD 1.0316-19 -0.11% Range 1.0335 1.0313 CBOT Wheat …
