puricassarag

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So far puricassarag has created 329 blog entries.

March 2024

Economic Outlook – 17 March 2024

2024-03-18T21:09:59+00:00

USAThe Consumer Price Index rose a consensus-matching 0.4% in February after climbing 0.3% the prior month. Prices in the energy segment rose 2.3%, on gains for gasoline (+3.8%), fuel oil (+1.1%), utility gas services (+2.3%), and electricity (+0.3%). The cost of food was unchanged month on month. The core CPI, which excludes food and energy, [...]

Economic Outlook – 17 March 2024 2024-03-18T21:09:59+00:00

Economic Outlook – 10 March 2024

2024-03-10T09:52:25+00:00

USANonfarm payrolls rose 275K in February, a lot more than the median economist forecast calling for a +275K. However, this upside surprise was more than compensated by a -167K cumulative revision to the prior months’ data. Employment in the goods rose 19k as a 23K gain in construction was only partially offset by a 4K [...]

Economic Outlook – 10 March 2024 2024-03-10T09:52:25+00:00

Economic Outlook – 3 March 2024

2024-03-04T22:28:03+00:00

USANominal personal income increased 1.0% in January, a lot more than expected by consensus (+0.4%). The wage/salary component of income showed a 0.4% gain, whereas income derived from government transfers surged 2.3%, the most since 2021M07. Personal current taxes, meanwhile, jumped 6.0%. All this translated into a 0.3% increase in disposable income. Nominal personal spending, [...]

Economic Outlook – 3 March 2024 2024-03-04T22:28:03+00:00

February 2024

Economic Outlook – 25 February 2024

2024-02-27T21:34:37+00:00

USA   In hindsight, Fed officials had every reason to remain cautious in timing the pivot to policy easing. Since the January 30th-31st FOMC meeting, the economic data has done little to instill further confidence that inflationary pressures will continue to recede over the coming months. Not only did the January employment report come in [...]

Economic Outlook – 25 February 2024 2024-02-27T21:34:37+00:00

Economic Outlook – 18 February 2024

2024-02-18T19:50:21+00:00

USA       The Consumer Price Index climbed 0.3% in January, topping the median economist forecast calling for a 0.2% increase. The index rose 0.2% the prior month. Prices in the energy segment fell 0.9% as gains for utility gas services (+2.0%) and electricity (+1.2%) were more than offset by steep declines for fuel [...]

Economic Outlook – 18 February 2024 2024-02-18T19:50:21+00:00

Economic Outlook – 11 February 2024

2024-02-11T15:19:42+00:00

USA     The ISM Services index was in the spotlight. In short, the service sector started the year off on a high note. In January, the headline index jumped to a reading of 53.4, up from 50.5 in December. The surprisingly strong upturn is evidence that service sector activity is still running at a [...]

Economic Outlook – 11 February 2024 2024-02-11T15:19:42+00:00

Economic Outlook – 4 February 2024

2024-02-04T04:28:54+00:00

USAOverall, the messaging from the Federal Reserve was positive. Chair Powell stated that the committee was pleased by the progress made thus far on returning inflation to their 2% target, but noted that they would require more time to assess the sustainability of current disinflation trends. With economic growth accelerating last year on the back [...]

Economic Outlook – 4 February 2024 2024-02-04T04:28:54+00:00

January 2024

Economic Outlook – 28 January 2024

2024-01-28T20:29:03+00:00

USA     Real GDP expanded 3.3% annualized in the fourth quarter, a lot more than the median economist forecast calling for a +2.0% print. Year on year, real GDP expanded 3.1%. Domestic demand grew at a healthy clip in the three months to December, supported by household consumption (+2.8% QoQ annualized) as well as [...]

Economic Outlook – 28 January 2024 2024-01-28T20:29:03+00:00

Economic Outlook – 21 January 2024

2024-01-22T03:45:05+00:00

USA     Retail sales rose 0.6% in December, overshooting the +0.4% print expected by consensus. The prior month’s result was left unchanged at +0.3%. Sales of motor vehicles and parts contributed positively to the headline print by advancing 1.1% in the final month of Q4. Without autos, retail outlays rose a consensus-topping 0.4% as [...]

Economic Outlook – 21 January 2024 2024-01-22T03:45:05+00:00

Economic Outlook – 14 January 2024

2024-01-14T18:40:17+00:00

USA     The Consumer Price Index rose 0.3% in December, more than the median economist forecast calling for a +0.2% print. The index had edged up 0.1% the month before. Prices in the energy segment progressed 0.4% as declines in two categories—fuel oil (-5.5%) and utility gas services (-0.4%)—were more than offset by gains [...]

Economic Outlook – 14 January 2024 2024-01-14T18:40:17+00:00