Over the past week, the United States economy has shown promising signs of optimism. Both inflation and core inflation for May remained notably low, registering at 0% and 0.2% respectively. These figures fell short of analysts' projections, which was anticipated a 0.1% increase in inflation and a 0.

Over the last week in US, the economy’s GDP for Q1 2024 expanded by only 1.3% annualized rate, much lower than the forecasted 1.6% and also it is the lowest since two consecutive negative growth quarters in 2022. The Core PCE for April increased by 0.2%, in line with estimates, while personal inco

U.S. Market Overview: Over the last week, the Producer Price Index (PPI) in the U.S. market has inflated by 0.5% for the month of April. This figure was significantly higher than the estimated 0.2% and the previous month's revised figure of negative 0.1% (revised from 0.2%). Core inflation and in

Last Wednesday's release of Job Openings and Labor Turnover Survey (JOLTS) data indicated a figure of 8.49 million job openings, slightly below analyst projections. On Thursday, in line with expectations, the Federal Reserve opted to maintain interest rates at their current levels. Additionally, t

Over the past week economic statistics from the Indian markets, the M3 money supply for the period ended on 22nd March ’24 has increased by 11.4% compared to the same period last year. Both lending and borrowing for banks have seen significant growth, with a 19.9% increase for lending and a 13.8% in

Following last week, Powell commented on Wednesday at Stanford about the higher-than-expected job numbers. In my view, this has opened the possibility that a rate cut may not be assured in June, as the fight against inflation has not completely settled yet. We are still continuing the stance of 'wa

Following last week's Federal Open Market Committee (FOMC) meeting and rate decision, the interest rates were retained at 5.5% as expected. Powell, the chairman of Federal Reserve, mentioned that if the economy continues to progress as anticipated, the Fed might reduce rates three times this year.

From the Fed’ testimony last Wednesday, Fed’s Chairman Powell stated that if the economy could continue its progress as anticipated, there may be expectations of three rate cuts during the later half year. However, he cautioned that this outcome is not certain at the moment. Powell affirmed that the

Following the previous week, the RBI's monetary minutes anticipate a possible uptick in inflation due to uncertainty in food prices. The Repo rate had remained unchanged post the hike 0.25% hike in May 2022, as a measure to control potential inflationary pressure in economy. Notably, Indian markets

United States: Job Openings and Labor Turnover Survey (JOLTS): The latest JOLTS data, released on Tuesday, indicates that the US economy currently has 8.06 million job openings. This continues the downward trend and also falls short of expectations by 340k. It also had declined from the 296k of Ap

At last week’s FOMC meeting, the Federal Reserve acknowledged that inflation has eased compared to the previous year. However, the recent data show unsatisfactory progress toward the Federal Committee's 2% objective. And some officials have suggested that a further tightening might be the way to br

In the past week, despite the absence of any significant economic catalysts, the Indian markets had corrected slightly more than 2%, a divergence from the relatively bullish trend observed in major global economies. Looking ahead to this week, the focus shifts to the United States where we anticip

GDP Vs Inflation: Recent developments in the US economy are cause for concern. Throughout this year, inflation expectations have hovered around 0.3% per month or 3.6% annually. However, the Consumer Price Index (CPI) for March exceeded these expectations, registering a 0.4% increase during most of

The Last week's US inflation reading on 10th came in at 0.4% MoM rise, with the core inflation rising at 0.4%, surpassing the estimated 0.3% for both. Although it's just a 0.1% difference, in percentage terms, it represents a 33% increase. The recent minutes from the Fed's meeting on the same day in

Adding to the insights shared last week, the US has also published the economy’s GDP growth rate on Thursday, growing at 3.4%. This suggests that the GDP of the US economy has experienced an average growth rate of 3.15% over the course of 2023. In February, the PCE Index reflected a 0.3% MoM (Month-

Last week, inflation in the US stood at 0.4% month-on-month basis and 3.2% year-on-year (YoY), slightly surpassing the estimated 0.3% (MoM). On Thursday, the Purchase Price Index data came out at 0.6% MoM in February, doubling the analyst’s expectation of 0.3% and marking its highest reading since A

Previous week update: (https://www.tmotrac.in/forum/economic-events/weekly-lookout-9-24) The Last week’s Personal Consumption Expenditures (PCE) data for US closely matches expectations, with a year-over-year (YoY) increase of 2.4% and a month-over-month (MoM) rise of 0.3%. Which shows the signs th

In February, there was anticipation for clearer insights on the subject of potential rate reductions from the Federal Reserve. Likewise, the stronger labour market and slightly elevated inflation figures last week diminished the likelihood of rate cuts during the upcoming Fed rate decision on March