The January flash reading of the Eurozone CPI was much higher than anticipated. The headline print was 5.1% YoY vs 4.4% YoY expected, and 5% YoY last. The main culprit for the higher than expected reading was energy costs, which soared 28.6%! The headline inflation rate remains well above the ECB’s target of 2%. Core […]
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Bitcoin was the top loser on Friday following over 6% drop during Asian and early European trading. The biggest crypto currency remains under increased pressure, mainly due to broader risk aversion, driven by the US Read more…
Two primary issues plaguing the housing market are heightened mortgage rates and lack of inventory. Buyers are facing historically high home prices, years of elevated mortgage rates, limited inventory from unmotivated sellers, and increased competition. Read more…
Personal income rose strongly in January, increasing by 0.9% month-over-month. Meanwhile, consumer spending took a breather. Following a streak of strong gains in a prior four months, nominal spending edged lower by 0.2% m/m. The Read more…