Economic Outlook – 15 September 2024
USA The Consumer Price Index rose a consensus-matching 0.2% in August. This came in the wake of another 0.2% increase the prior month. Price in the energy segment fell 0.8% on declines for [...]
Economic Outlook – 8 September 2024
USANonfarm Payrolls (NFP) rose 142K in August, less than the median economist forecast calling for a +165K print. This negative surprise was compounded by an 86K cumulative negative revision to the prior months’ results. The [...]
Economic Outlook – 1 September 2024
USAThe second estimate of Q2 GDP growth came in at +3.0% in annualised terms, a beat above the consensus forecast calling for no change from the advance estimate (+2.8%). Headlines focused on the strength of [...]
Economic Outlook – 25 August 2024
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 [...]
Economic Outlook – 18 August 2024
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 [...]
Economic Outlook – 4 August 2024
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 [...]