USAThe Fed released the minutes of the 1 May meeting of the Federal Open Market Committee on Wednesday, and the readout was a good deal more hawkish than markets expected given the dovish tone Fed Chair Jerome Powell set in the press conference that followed the meeting, during which he seemingly took rate hikes off [...]
USAThe Consumer Price Index rose 0.3% in April, one tick short of the median economist forecast calling for a +0.4% print. This followed a 0.4% gain the prior month. Prices in the energy segment were up 1.1% as gains for gasoline (+2.8%) and fuel oil (+0.9%) were only partially offset by a 2.9% drop in [...]
USA First-time claims for unemployment insurance rose by 22K to 231K in the week ended May 4. That was not only more than the 212K figure consensus had baked-in, it also marks the highest level since August. Yet even at a nine-month high, the claims numbers are still low by historical standards. To smooth the [...]
USAMarkets breathed a sigh of relief on Friday morning as yields on US Treasuries tumbled after April nonfarm payrolls grew a less-than-expected 175,000. The number fell considerably short of the 240,000-consensus forecast, and the prior-two-months reading was revised down by 22,000. The unemployment rate rose to 3.9%, up 0.1% from March, while average hourly earnings [...]
