Federal Reserve

Jerome Powell appears to be further paving the way for a rate cut at the next meeting in July 2024. Federal Reserve Chair Jerome Powell reportedly said Monday 15th July 2024 that the central bank will not wait until inflation hits 2% to cut interest rates. Powell referenced the idea that centralRead More →

U.S. market record highs

Markets respond positively to job data as the S&P 500 and Nasdaq break record highs, again! S&P 500 record high Nasdaq Composite record high Nasdaq 100 record high U.S. non-farm payrolls increase The U.S. economy added slightly more jobs than expected in June 2024 though the unemployment rate increased, the U.S.Read More →

U.S. PCE

The core Personal Consumption Expenditures (PCE) price index witnessed a modest increase of 0.1% (seasonally adjusted) for the month and has risen 2.6% from the previous year – broadly as expected by analysts. May 2024 experienced the lowest annual rate since March 2021, the Federal Reserve’s inflation target is 2%.Read More →

Rules in a book

The ‘Sahm Rule’ serves as a heuristic indicator employed by the Federal Reserve to ascertain the onset of a recession in the economy. The Sahm Rule is a real-time evaluation tool based on monthly unemployment data from the Bureau of Labor Statistics (BLS). Named after economist Claudia Sahm, it forecastsRead More →

U.S. jobs

The U.S. economy exceeded job growth expectations in May 2024, alleviating concerns of a labour market downturn but potentially diminishing the Federal Reserve’s motivation to cut interest rates. Non-farm payrolls surged by 272,000 for the month – a significant increase from April’s 165,000 and surpassing the consensus forecast of 190,000.Read More →

Euro zone inflation

Eurozone inflation increased to 2.6% in May 2024, according to Eurostat’s announcement on Friday 31st May 2024. Analysts had anticipated a 0.1% rise from the 2.4% headline figure reported in April 2024. Core inflation, which omits the unstable effects of energy, food, alcohol, and tobacco, rose to 2.9% from April’sRead More →