USANew-home sales data for July blew past expectations, rising 10.6% over the month and printing in at 739K versus a median economist forecast calling for just a 623K rise. This rise is further contributed to by a revision in last month's reading, where June data was lifted to 668K from 617K. This month’s release marks [...]
USAThe Consumer Price Index rose 0.2% in July after declining 0.1% the prior month. More precisely, prices advanced 0.15% on an unrounded basis, which allowed year-over-year inflation (2.9%) to print one-tick below consensus (3.0%). Overall energy prices stagnated as increases in fuel oil/other fuels (+1.9%) and electricity (+0.1%) were offset by declines in utility gas [...]
USANonfarm payrolls rose 114K in July, a long shot below the 175K Bloomberg consensus forecast and even further below a revised 179K increase in June. This downside surprise came alongside a 29K cumulative downwards revision to the prior two months. Goods sector employment rose 25K while service-producing industries grew by 72K. Of the headline job [...]
