US Rapid Response US Retail Sales (Apr. 2024) We would caution against jumping to the conclusion that consumers are starting to crack under high interest rates, despite the disappointing retail sales data for April, as some payback always seemed... 15th May 2024 · 2 mins read
US Rapid Response Consumer Prices (Apr.) The slightly more modest 0.3% m/m increase in core CPI in April was even better than it looked, particularly given that we already know the PPI components that feed into the Fed’s preferred PCE... 15th May 2024 · 2 mins read
US Rapid Response Consumer Confidence (May) The renewed slump in the University of Michigan consumer sentiment gauge to a six-month low of 67.4 in May, from 77.2, is hard to explain given that gasoline prices are now falling again, the stock... 10th May 2024 · 2 mins read
US Rapid Response Employment Report (Apr.) April’s employment report was weaker across the board; with employment growth slowing back to the pace from last fall, the unemployment rate ticking up to 3.9% and average hourly earnings growth... 3rd May 2024 · 2 mins read
US Rapid Response US Retail Sales (Mar.) The strong rise in retail sales in March and upward revision to February’s data will further support the Fed’s stance that there is no rush to start lowering interest rates. 15th April 2024 · 2 mins read