Category: Macro

Nvidia’s Surge Stokes Talk of a Bubble The chip maker’s meteoric advance has helped push the stock market to record highs. It also has some on Wall Street saying the “B word.” Nikkei Stock Average Rises Above 40000 for First Time The climb was driven by greater corporate earnings and a surge in chip-related stocks,…

In the latest labor market update, initial jobless claims in the United States for the week ending February 24 saw an increase, climbing by 13,000 to reach 215,000. This rise surpassed both the previous week’s figure of 202,000 (which was revised from an initial 201,000) and the consensus estimate of 209,000, signaling a slight acceleration…

In January, U.S. prices experienced a modest uptick, according to the latest data from the Commerce Department’s Bureau of Economic Analysis. The personal consumption expenditures (PCE) price index, a key inflation measure closely watched by the Federal Reserve, increased by 0.3% for the month. This revision comes after December’s figures were adjusted down to a…

The U.S. economy exhibited strong growth in the fourth quarter, driven by robust consumer spending, although there’s evidence of a slowdown as the new year begins. The Commerce Department’s Bureau of Economic Analysis reported a 3.2% annualized growth rate in GDP for the last quarter, a slight adjustment from the initially reported 3.3%. This revision,…

Federal Reserve officials anticipate a decrease in housing inflation soon, crucial for their plan to curb overall inflation and consider interest rate cuts. However, they face potential challenges as the supply of new apartments is expected to dwindle, while single-family home availability remains low, potentially causing future price pressures in a sector significant to the…

Last week, there was an unexpected decrease in the number of Americans applying for new unemployment benefits, indicating that job growth in February likely continued at a strong pace. For the week ending February 17, initial filings for state unemployment assistance decreased by 12,000 to a seasonally adjusted figure of 201,000, according to the Labor…

The Federal Open Market Committee (FOMC) kept interest rates unchanged in the range between 5.25% and 5.50% this Wednesday, in line with investor consensus, still giving no indication of when an expected cycle of cuts will begin, but removing from his text a section that had been alluding to possible new interest rate hikes in…