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May RBNZ Preview: Not Enough Reasons To Turn Dovish
Article By:
ING Economics
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Friday, May 17, 2024 11:00 AM EDT
The Reserve Bank of New Zealand has little room to shift to a less hawkish stance as non-tradeable inflation remained too hot in the first quarter, despite a domestic recession and loosening jobs market.
Not Just The US: Global Debt-To-GDP Ratios Are Skyrocketing
Article By:
SchiffGold
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Friday, May 17, 2024 10:30 AM EDT
Even though interest rates are still extremely low by any free market standard, with even modestly elevated interest rates in the US, payments on servicing the debt skyrocket. This blows up the national debt balloon even bigger.
April Update: Real Wages, Payrolls, And Consumption Vs. Employment, And Their Forecast Implications
Article By:
New Deal Democrat
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Friday, May 17, 2024 10:20 AM EDT
In April, nominal average wages increased by 0.2%. Since consumer inflation increased 0.3%, real nonsupervisory wages declined -0.1%, the third monthly decline in a row.
China Shock II Is Coming, The EU Will Be Hit Hard, Then The Us
Article By:
Mish Shedlock
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Friday, May 17, 2024 9:30 AM EDT
Germany is feeling the pinch of China's shock. But the US is on deck too. A global trade war looms.
Electricity Demand Is Surging On The Back Of Data Centers
Article By:
Lance Roberts
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Friday, May 17, 2024 9:17 AM EDT
The price of electricity is surging. It has risen by about 8% annually over the last three years.
In this article: SPX
US Dollar Commentary - Friday, May 17
Article By:
James Harte
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Friday, May 17, 2024 8:52 AM EDT
Following the sell off on Wednesday, the US Dollar is busy recovering losses as we head into the weekend.
In this article: UUP
Inflation Is Definitely Back In The United States
Article By:
GoldBroker
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Friday, May 17, 2024 8:15 AM EDT
Inflation seems to be making a comeback in the United States, as shown by the core PPI figures, which indicate an increase in prices paid by manufacturers.
Daily Market Outlook - Friday, May 17
Article By:
Patrick Munnelly
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Friday, May 17, 2024 6:45 AM EDT
Overnight the Asian equity market showed a mixed performance. China's April data revealed conflicting economic trends, with industrial production growth surpassing expectations while retail sales growth unexpectedly slowed.
FX Daily: Calm Waters Ahead
Article By:
ING Economics
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Friday, May 17, 2024 4:56 AM EDT
In the two weeks leading to the 31 May US core PCE release, markets may experience reduced volatility.
China’s April Activity Data Disappointed As Heightened Caution Persists
Article By:
ING Economics
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Friday, May 17, 2024 2:20 AM EDT
The story of this month’s data is that of prevailing caution by households and the private sector, as retail sales and fixed asset investment came in weaker than expected.
Gold Price Gains Ground, With Fed Speakers In Focus
Article By:
Lallalit Srijandorn
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Friday, May 17, 2024 1:20 AM EDT
The gold price trades with a positive bias on Friday. The bullish move of precious metals in the previous sessions was bolstered by the softer-than-expected US inflation data in April, which triggered hope for rate cuts from the US Federal Reserve.
USD/JPY Climbs To Near 156.00 As BoJ Maintains Bond-Buying
Article By:
Akhtar Faruqui
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Friday, May 17, 2024 12:40 AM EDT
USD/JPY rose to near 155.90 during the Asian session on Friday as the Japanese Yen (JPY) encountered renewed pressure.