Uh oh… Yesterday’s inflation update from the US didn’t go well. January data showed a hotter-than-expected report across monthly and annual readings and all categories including food, energy and housing. In numbers, the US headline inflation accelerated to 3%, instead of decelerating to the Federal Reserve’s (Fed) 2% target. Core inflation – the one that […]
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US initial jobless claims fell -7k to 213k in the week ending February 8, below expectation of 221k. Four-week moving average of initial claims fell -1k to 216k. Continuing claims fell -36k to 1850k in Read more…
US PPI for final demand rose by 0.4% mom in January, exceeding market expectations of 0.2% mom. Final demand services increased by 0.3% mom, while final demand goods rose by 0.6% mom. Core PPI measure, Read more…
Over the last few years, the demand for alcoholic beverages has decreased, causing declining sales for companies that have built empires thanks to this vice. The struggling alcoholic beverage market has led companies to expand Read more…