DIARY-Today in Washington - April 14
USA-WASHINGTON/DIARY:DIARY-Today in Washington - April 14
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USA-WASHINGTON/DIARY:DIARY-Today in Washington - April 14
4/12/2021 10:10:56 AM GMT PPI explodes higher…..will CPI follow? Powell takes to 60 mins and says again – ‘Don’t worry’. Big macro data week and earnings are set to begin on Wednesday. Global markets all lower as consolidation begins. Try the Spaghetti al’ Tonno. Friday 8:30 am……the gov’t was expected to announce the PPI report……and then nothing…….no announcement…. the screen was blank….…. the gov’t had a ‘tech failure’ that prevented the data from hitting the tape…. leaving investors, and markets to wonder what had happened…. the news finally hitting...
U.S. Import and Export Price Indexes 03/17/2021 | 12:43am EDT Send by mail : Message : Required fields Transmission of material in this release is embargoed until 8:30 a.m. (ET) Tuesday, March 16, 2021 Technical information: (202) 691-7101 •MXPinfo@bls.gov•www.bls.gov/mxpMedia contact: (202) 691-5902 •PressOffice@bls.gov USDL-21-0436 U.S. IMPORT AND EXPORT PRICE INDEXES - FEBRUARY 2021 U.S. import prices advanced 1.3 percent in February following a 1.4-percent increase in January, the U.S. Bureau of Labor Statistics reported toda...
Wall Street Set To Open Mostly Higher BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Trading on Tuesday might be influenced by reports on Retail Sales, Industrial Production, as well as Homebuilder Confidence. The strategy of the new U.S. Government at the Mexico border is creating tension. The report that more than 4000 children are stuck in the border is inviting criticism for the Biden administration. Early signs from the U.S. Futures Index suggest that Wall Street might open broadly higher. Asian shares finished mostly up, while European shares are trading broadly positive. As of 7.55 am ET, the ...
z cpi1.png As a generalization - inflation accelerates as the economy heats up, while the inflation rate falling could be an indicator that the economy is cooling. However, inflation does not correlate well to the economy - and cannot be used as an economic indicator. Gasoline was the major influence on the CPI: The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in February on a seasonally adjusted basis after rising 0.3 percent in January, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.7 percent before ...