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- EventsTrader commented 2 hr 46 min ago
Aside from the downward Fed revision, much stronger than expected. 693K (seasonally adjusted annual rate) new houses sold in March represents an 8.8% month-over-month increase from the revised February rate of ...
- EventsTrader commented 3 hr ago
Very weak report. Input prices continued to rise sharply, suggesting inflationary pressures persist. The Flash US Composite Output Index is at a four month low of 50.9, barely above the 50.0 ...
- EventsTrader commented Apr 16, 2024
Weak report. There were 1,458,000 units authorized by building permits in March, which is 4.3% below the revised February rate There were 1,321,000 housing ...
- EventsTrader commented Apr 15, 2024
The US consumer remains strong. Three largest gains and the three steepest drops m/m: Nonstore retailers experienced the largest increase with a 4.7% gain. Gasoline stations saw an ...
- EventsTrader commented Apr 11, 2024
Mixed bag, some cooling. 0.6% increase in final demand services. Final demand transportation and warehousing services moved up 0.3 percent and 0.8 percent, respectively. ...
- EventsTrader commented Apr 10, 2024
Dissent. Coming to a Fed near you. Last Friday, FOMC Gov Bowman said this: It is possible the Fed may have to hike again to cool inflation. Market is currently pricing in a Sept and Dec rate cut. Wishful thinking?
- EventsTrader commented Apr 10, 2024
Very hot. Takeaways: CPI m/m was 0.378% and core CPI m/m was 0.359%. Both rounded up to 0.4%. Market was expecting low 0.3s. Core CPI y/y came in at 3.8% ...
- EventsTrader commented Apr 5, 2024
Solid report signaling continued strength in the US labor market. Significant job gains were noted in healthcare, government, and construction sectors. Government employment rose by 71,000, largely in local government. ...
- EventsTrader commented Apr 3, 2024
Slightly weak report. Not as weak as the market reaction would lead you to believe. Compared with the manufacturing sector, while both sectors are growing, the rate of change in the services sector is slowing down compared to manufacturing, which is ...
- EventsTrader commented Apr 3, 2024
Bostic, generally a dove, expects just one rate cut this year: url Lots of rebalancing will need to happen.
- EventsTrader commented Apr 3, 2024
100%. Higher oil prices haven't been baked into the inflation numbers yet. A tick up in inflation is coming and the writing is on the wall. Fedspeak has slowly been transitioning from rate cut 'this summer' to rate cut 'later this year'. Market is ...
- EventsTrader commented Apr 3, 2024
Strong employment data Surprising gains not just in pay but also in the sectors that saw job increases. The leisure and hospitality sector showed the most significant growth, with 63,000 ...
- EventsTrader commented Apr 1, 2024
Price pressures persist. Strong manufacturing report. Double whammy and both triggered big move in the USD. Key takeaways: At 50.3 percent in March, an expansion after contracting for 16 consecutive months. An index above ...
- EventsTrader commented Mar 29, 2024
This was the best Powell speech/interview I've seen in a while. Said some things but traders weren't there to move markets. Sunday open
- EventsTrader commented Mar 29, 2024
I agree with this 100%.
- EventsTrader commented Mar 29, 2024
Inflation has come down drastically from the peak and while trending towards 2.0% PCE y/y ticked up from Jan to Feb. There's a lot of hope but not enough evidence yet to think we will get to 2% soon. In order to get to a 2.0% y/y, PCE m/m would have ...
- EventsTrader commented Mar 29, 2024
This report doesn't support earlier rate cuts. Here are the key takeaways: The annual increase in the PCE price index points to sustained inflation over the past year. Consumer spending is increasing and personal income ...
- EventsTrader commented Mar 28, 2024
Strong report Takeaways: The GDP increased at an annual rate of 3.4% in the fourth quarter of 2023, which is a deceleration from 4.9% growth in third quarter of 2023. The growth ...
- EventsTrader commented Mar 21, 2024
While the market was expecting, this wasn't that big of a surprise. The SNB hit it's inflation target almost a year ago (May 2023) and inflation is now running at 1.2% y/y. CPI of 1.2% is lower than any other G20 country (minus China). Hindsight is ...
- EventsTrader commented Mar 21, 2024
Not much here. Takeaways: The shipments index has increased, and new orders have turned positive, which is a favorable sign for manufacturing activity. Indicators for future activity have risen, ...