US PCE Core Price Index Slows Further, Boosting Rate Hike Expectations – Bloomberg

Last December, the US Personal Consumption Expenditure (PCE) price index, which excludes food and energy, fell further from a year earlier, recording the slowest growth in more than a year. Meanwhile, spending fell, fueling speculation that the Fed would slow the pace of rate hikes even further. Key Point The PCE core price index rose […]

[5 llyfr y bore yma]Handpicked news you want to read at work – Bloomberg

In the fourth quarter of last year (4th quarter) real US gross domestic product (GDP) slowed from the previous quarter, but growth exceeded market expectations. As a result, there is widespread speculation that the Fed still has a way to go to achieve a soft landing. But consumer spending was weaker than expected, suggesting recession […]

US GDP Slows as Fed Wants; Recession Risk Remains – Bloomberg

US economic growth in the fourth quarter of 2022 (October-December 2022) outperformed market expectations and slowed modestly as the Fed hopes to keep inflation under control without stifling growth. But economists who have dug into the details of the statistics also see enough warning signs to suggest that there is a significant risk of recession […]

US GDP grows 2.9% in October-December

Real US gross domestic product (GDP) figures for the first quarter of last year rose faster than expected. However, the Fed’s aggressive rate hikes risk slowing growth this year, and underlying demand is showing signs of slowing. Key Point Preliminary real GDP for October-December increased by 2.9% year-on-year compared to the previous quarter The median […]

Treasury Secretary Yellen says US inflation ‘Extremely Good Sign’ – Bloomberg

US Treasury Secretary Janet Yellen said she feels positive about inflation, arguing that energy prices and supply chain problems around the world are easing while the US labor market remains strong. “What we are seeing now is a significant easing of supply chain issues, increased inventories and lower shipping costs,” Yellen told reporters after visiting […]