Economic Outlook – 10 April 2022
USA • The Federal Reserve published the minutes of its two-day policy meeting held March 15-16. All eyes were on the Fed's roadmap for future monetary policy tightening. About quantitative tightening (QT), the Fed mentioned [...]
Economic Outlook – 3 April 2022
USA • Nonfarm payrolls rose 431K in March, slightly less than the +490K print expected by consensus. A sizeable upward revision to the prior months’ results (+95K) more than compensated for that miss. Employment in [...]
Economic Outlook – 27 March 2022
USA • Markit’s flash composite PMI signaled a further recovery from January’s Omicron-induced slowdown. The headline index came in at 58.5 in March, up from 55.9 the month before and its highest mark since July. [...]
Economic Outlook – 20 March 2022
USA • Retail sales edged up 0.3% in February, a result roughly in line with consensus expectations (+0.4%). The previous month’s print, meanwhile, was revised from +3.8% to +4.9%. Sales of motor vehicles and parts [...]
Economic Outlook – 13 March 2022
USA • The Consumer Price Index rose a consensus-matching 0.8% MoM in February after climbing 0.6% the prior month. The energy component advanced 3.5%, with strong gains for fuel oil (+7.7%), gasoline (+6.6%), and utility [...]
Economic Outlook – 6 March 2022
USA • The U.S. Bureau of Labor Statistics surprised the market with 678k jobs created in February, well above 400k anticipated by forecasters. This was on top of an upward revision of 92k to December [...]