News
U. S. Import and Export Prices Increase Less than Expected in March
2+ hour, 8+ min ago (556+ words) Haver Analytics U. S. Import and Export Prices Increase Less than Expected in March - Despite a 9. 4% m/m jump in imported petroleum prices, import prices rose a less-than-expected 0. 8% in March with a small downward revision to February. - Export prices increased more than…...
March PPI: Tame Excluding Energy
1+ day, 42+ min ago (216+ words) March represented the third consecutive month with a headline increase of 0. 5%, and the advances in the prior two months were not entirely due to energy. Prices excluding food and energy also rose 0. 5% in January and February (and December as well),…...
March CPI: Pressure in the Energy Sector (as Expected); Tame Elsewhere (Surprisingly)
5+ day, 29+ min ago (538+ words) Haver Analytics March CPI: Pressure in the Energy Sector (as Expected); Tame Elsewhere (Surprisingly) - Gasoline prices drove the energy component higher; electricity prices also contributed. - Food prices provided a surprise by posting a fractional decline. - Core prices rose less than…...
Personal Income, Consumption, and Prices: Higher Prices Dampen Real Gains
6+ day, 1+ min ago (645+ words) Haver Analytics Personal Income, Consumption, and Prices: Higher Prices Dampen Real Gains - The energy component contributed to a high-side reading on the price index for personal consumption expenditures; the core component was firm as well. This monthly report is always…...
U. S. Q4 2025 Real GDP Growth Revised Slower
6+ day, 1+ hour ago (261+ words) The third estimate of Q4 2025 GDP showed that real GDP growth slowed to 0. 5% q/q saar versus 0. 7% in the second estimate and 1. 4% in the advance estimate. GDP had grown 4. 4% in Q3. The more than one-month long shutdown of the federal government continued…...
Japan: A Resilient Cycle Amid Structural Change
1+ week, 2+ hour ago (811+ words) We remain overweight Japanese equities and view the recent market correction as a buying opportunity. The macro backdrop remains constructive: business cycle indicators are firm, corporate profitability is strong, and there are no major systemic risks. Any economic slowdown is…...
U. S. Mortgage Applications Edged Down in the April 3 Week
1+ week, 4+ hour ago (581+ words) Haver Analytics U. S. Mortgage Applications Edged Down in the April 3 Week - Signs of stabilization in mortgage applications emerged in the latest week. - Applications for loans to purchase posted a small increase, while applications for loan refinancing posted a small decline in…...
Composite PMIs Retreat Broadly
1+ week, 18+ hour ago (325+ words) Sequential trends Sequentially, looking at 12-months compared to 12-months ago, six-months compared to 12-months, and three-months compared to six-months, we see a similar progression. Over 12 months, 43. 5% of the reporters were weaker; over six months, 39. 1% of them were weaker period-to-period. And…...
Payroll Employment: Another Surprise in March, The Third Consecutive
1+ week, 5+ day ago (236+ words) Unemployment has been contained despite modest hiring because layoffs also have been light. Initial claims for unemployment benefits have moved sideways in the past few years, indicating no change in the pace of layoffs. This pattern is confirmed by terminations…...
U. S. Mortgage Applications Dropped in the March 27 Week
2+ week, 4+ hour ago (643+ words) Haver Analytics U. S. Mortgage Applications Dropped in the March 27 Week - Both applications for loans to purchase and for loan refinancing dropped in the latest week. - Interest rate on 30-year fixed-rate loans rose 14bps to 6. 76% Mortgage applications dropped 10. 4% w/w (+14. 2% y/y) in the…...