JULY CPI’S POP QUICKLY KNOCKED INTO IRRELEVANCE AS MKTS MOVE
–July CPI Core +0.3%; Y/Y +2.2% By Denny Gulino WASHINGTON (MaceNews) – Tuesday’s CPI pop, an excursion a tenth higher than the inflation comfort level, had no sooner depressed stock futures than the White House signaled a major softening of the impending tariff attack on China, igniting an explosion of share prices and halting the […]
US MAY CPI QUIESCENT AT +0.1%; SHELTER DECELERATES
WASHINGTON (MaceNews) – May’s U.S. CPI report Wednesday had no surprises, with an as-expected 0.1% increase both overall – for a 1.8% over-the-year consumer inflation rate – and for the core rate, with a deceleration in the category with the single biggest weighting, shelter. The annualized rate for core items, other than food and energy, […]
CANADIAN CONSUMER PRICES RISE 2.0% Y/Y IN APRIL
By Gordon Isfeld OTTAWA (MaceNews) – The prices of consumer goods in Canada rose by 2% annualized in April, up from a pace of 1.9% in the previous month, with seven of the eight key readings tracked by Statistics Canada Wednesday driving the overall increases. The core rate showed no change for the first time since December. […]
US CONSUMER PRICE INDEX STABLE; GEOPOLITICAL INDEX SCRAMBLED
–This Week: China, Iran, N. Korea, Venezuela – and Uber By Denny Gulino WASHINGTON (MaceNews) –Countercurrents swirled in a jumbled whirlwind of market, trade and geopolitical uncertainties the second Friday in May yet among the exceptions is U.S inflation, which continues to be an eddy of calm in April’s report. The future as always is […]