Economic Outlook – 22 January 2023
USA Retail sales were down 1.1% in December. Economists were expecting them to decline 0.9%. Adding to the disappointment, November’s sales growth was revised down from -0.6% to -1.0%. Sales of motor vehicles/parts contributed negatively to [...]
Economic Outlook – 15 January 2023
USA The Consumer Price Index edged down 0.1% in December, the indicator’s first decline in five months. The result was in line with consensus expectations. Prices in the energy segment dropped 4.5% as declines for fuel [...]
Economic Outlook – 8 January 2023
USA Nonfarm payrolls rose 223K in December, slightly more than the +203K print expected by consensus. Compensating for this positive surprise, the previous month’s data were revised downward a cumulative 28K. Taking these revisions into account, [...]
Economic Outlook – 18 December 2022
USA The Consumer Price Index and Federal Open Market Committee meeting took center stage. Headline CPI surprised to the downside, rising just 0.1% in November. On a YoY basis, consumer price growth softened to [...]
Economic Outlook – 11 December 2022
USA The November release of the ISM services index kicked off the week with a surprisingly strong reading on the U.S. economy. The index rose 2.1 points to 56.5 despite consensus expectations for a [...]
Economic Outlook – 4 December 2022
USA Fed Chair Jerome Powell spoke touching on many of the same hawkish themes that dominated the press conference after the November meeting of the Federal Open Market Committee, such as keeping rates at a high [...]