After yesterday's report showing a jump in U.S. consumer prices, the Labor Department released a report on Wednesday showing U.S. producer prices also surged in the month of March. The Labor Department said its producer price index for final demand shot up by 1.4 percent in March after advancing by an upwardly revised 0.9 percent in February. more...
China's exports grew more than expected in March and imports logged an unexpected fall largely due to the lockdown and supply chain disruptions, official data revealed on Wednesday. Exports grew 14.7 percent on a yearly basis in March, the General Administration of Customs said. This was faster than the expected growth of 13.0 percent but slower than the 16.3 percent expansion posted previously. more...
The index for all items less food and energy rose 0.3 percent in March following a 0.5-percent increase the prior month. The shelter index was by far the biggest factor in the increase, with a broad set of other indexes also contributing, including those for airline fares, household furnishings and operations, medical care, and motor vehicle insurance. In contrast, the index for used cars and trucks fell 3.8 percent over the month. more...
The latest Office for National Statistics (ONS) inflation release showed headline inflation hitting 6.2% in February, a fresh 30-year high, while core inflation rose to 5.2% from 4.4% in January. And even higher levels of inflation are expected in Q2 this year. The latest BoE monetary policy release shows that the UK central bank expect headline inflation to top 8% in the coming months, citing sky high energy and food prices as the main drivers of the ...
The S&P 500 index attempts to retrace the decline from the start of the month even as the Federal Reserve shows a greater willingness to normalize monetary policy at a faster pace, but fresh data prints coming out of the US may drag on equity prices as the Consumer Price Index (CPI) is expected to increase for the seventh consecutive month. The daily chart is located near and above Ichimoku cloud in the bullish area of the chart by the ...
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