In a noteworthy turn, core goods prices have experienced a continued decline, contributing to the first dip in inflation in six months, according to April’s consumer price index. … READ MORE >
USA
CPI resumes disinflationary trend in April amid weakened retail sales
Overall CPI inflation rose by 0.3% in April, while core inflation—which excludes food and energy—also rose by 0.3%. This helped bring the year-over-year headline inflation down to 3.4% and core inflation to 3.6%. … READ MORE >
Producer price offers mixed result ahead of CPI release
The producer price index increased by 0.5% in April, above estimates, as both goods and service prices accelerated, according to Bureau of Labor Statistics data released on Tuesday. … READ MORE >
Interest rate volatility: Why Fed policy guidance is less effective
The past year has had significant volatility in financial markets, with dramatic shifts in the 10-year yield and multiple resets in market expectations for interest rate paths. … READ MORE >
Intervening in foreign exchange markets: The poverty of dollar devaluation
We think intervening to devalue the dollar would be folly. In the end, the result would be upward pressure on prices, reduced demand and, ultimately, a slowing economy. … READ MORE >
U.S. consumer sentiment plunges on rising inflation
Inflation expectations rose sharply to 3.5% from 3.2% for the next 12 months while longer-term expectations inched up to 3.1% from 3.0%. … READ MORE >
5 things to know in life sciences: Week of May 6, 2024
From pharma’s interest in influencer marketing to a possible summer surge in biotech IPOs, here’s the latest in life sciences. … READ MORE >
Initial jobless claims rise to the highest level since August
Our preferred metric of new claims—the 13-week moving average—rose slightly to 211,000, still below the pre-pandemic level. … READ MORE >
Senior Loan Officer Survey: Progress halts as inflation rebounds in Q1
Progress toward normalized lending practices generally halted in the first quarter as the Federal Reserve turned more hawkish amid the rebound in inflation, according to data in a Fed report announced on Monday. … READ MORE >
Robust jobs growth continues in health care
Health care job gains remain strong, according to the U.S. monthly report on April numbers. … READ MORE >