Inflation is becoming more widespread across a broad swathe of consumer spending categories, raising the risk that it could become entrenched. As we noted in our CPI preview report on Monday, a reading near economists’ consensus expectations of 8.1% year-over-year for price increases “would be the first meaningful decline in the annualized inflation rate since […]
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Markets Markets faced a difficult task today, navigating through a busy eco calendar. In the end, Q1 US GDP data triggered a temporary bear steepening of the US yield curve pushing yields in a first Read more…
Summary The U.S. economy is at a greater risk of recession now than it was a month ago, but this 0.3% contraction in Q1 GDP is not the start of one. It reflects instead the Read more…
The U.S. economy contracted by a meager 0.3% quarter-on-quarter (q/q, annualized) in the first quarter – in line with the consensus forecast – but a sharp reversal from Q4-2024’s gain of 2.4%. Consumer spending rose Read more…