Otet View on Saturday, May 25, 2024
Recent U.S. economic data has once again surprised market participants with better-than-expected PMI numbers and a strengthening labor market, as only 215,000 people applied for unemployment benefits. Additionally, durable goods orders exceeded expectations, suggesting that the manufacturing sector is on firmer footing....
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Otet View on Saturday, May 18, 2024
Economic data this week confirmed that, despite a decrease in inflation, the Consumer Price Index (CPI) remains high at 3.4%, significantly above the Federal Reserve’s 2% target. Additionally, U.S. retail sales have started to show weakness, as indicated by the Leading Economic Index (LEI)...
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Otet View on Saturday, May 11, 2024
While we had an extraordinarily light week for US economic data, central banks outside of the US were in the spotlight. For the week ahead, we have US inflation data at the center stage (Wednesday), but we should also follow the UK Labor...
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Otet View on Saturday, May 4, 2024
Labor market data in the US confirms that the Federal Open Market Committee (FOMC) will maintain its current policies and interest rates in the coming months. Following the FOMC meeting last week, Federal Reserve Chair Jerome Powell dismissed the possibility of an...
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