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Chile’s August GDP Disappoints; September Inflation Surprises in Peru
On Monday, October 2nd, the central bank (BCCh) released August GDP, which fell 0.9% y/y, below market expectations (Economist Survey: -0.2%; Bloomberg: -0.1%), but very close to ours (-0.6%), the most pessimistic in the market. We expect the consensus to move towards our projection of annual GDP contraction for 2023 of 0.5%, at the floor of the range of the last BCCh IPoM and far from the MoF’s zero growth projection. We reiterate a likely scenario of technical recession in Q3-23 as, with a moderate contraction of 0.3% m/m in September, we would have a seasonally adjusted decline in Q3 coming on the heels of the ... (full story)
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From vice.com|Oct 3, 2023“Nothing gold can stay.” Robert Frost may have said it best, but Apple is reportedly giving the poet a run for his money. Eight years after Apple released its $17,000 luxury gold ...
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From @financialjuice|Oct 3, 2023|1 commentpost:
FED'S MESTER: I AM LIKELY TO FAVOR A HIKE AT NEXT MEETING IF CURRENT ECONOMIC SITUATION HOLDS. post: FED'S MESTER: I DON’T SEE RATE CUTS HAPPENING ANY TIME SOON. post: (US) Fed's Mester (non-voter): Expect to hit 2% inflation target by end of 2025; Fed is likely at or near peak interest rates (More at https://t.co/JjM6Mxl74w ) post: 
MESTER: INFLATION RISKS ARE STILL TILTED TO THE UPSIDE
From cnbc.com|Oct 3, 2023The 10-year Treasury yield, which serves as a benchmark for mortgage rates and as an investor confidence barometer, on Tuesday surged to its highest level since 2007. The 10-year ...
From bnnbloomberg.ca|Oct 3, 2023US job openings unexpectedly increased in August, fueled by a surge in white-collar postings, highlighting the durability of labor demand. The number of available positions ...
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- Posted: Oct 3, 2023 11:28am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 148
