Hindi news to keep to aware
Trade gap reduced due to increase in exports The goods and services deficit narrowed to $52.8 billion in September from $59.3 billion in August, with exports rising 3.0% and imports rising only 0.6%. Industrial supplies and materials led export gains, helped by a strong bounce in non-monetary gold, while consumer goods exports got a nice…
Energy and shelter remain major contributors Energy prices remain a notable growth driver, with the energy index increasing 4.2% year on year. Electricity prices rose 6.9%, while natural gas rose 9.1%, highlighting ongoing cost pressures for households and utilities. Shelter inflation eased but remained steady at 3.0% annually, confirming that housing costs are slowing rather…
Unemployment rate increased as participation remained stable The unemployment rate rose to 4.6% in November, exceeding market expectations and an increase from earlier in the fall. The number of unemployed increased to 7.8 million, while the labor force participation rate remained at 62.5%, suggesting that the increase in unemployment was due to a slowdown in…
Forward guidance indicates a slow and limited cutting cycle The language of the post-meeting statement recycled from December 2024, the period when the Fed had paused rate cuts for nine months. That framing suggests the bar is high for further cuts. The latest dot plot reinforced this caution, showing only one projected cut in 2026…
Spending slowing as services increasingly dominate consumption personal consumption expenditure increased by 0.3%, driven almost entirely by a $63.0 billion increase in services spending. Goods expenditures contributed a modest $2.1 billion. However, in real terms, consumption stagnated, with real PCE registering 0.0%, a sign that higher prices in previous months had already constrained purchasing power….
What’s going on in the labor market? The jobs picture is messed up. Growth has slowed, layoffs aren’t increasing much, and hiring is soft — an odd mix for a central bank that wants clean signals. Some participants highlighted the possibility that AI and automation are distorting the old relationship between production and employment. Traders…
Labor gains remain limited as job growth stalls total nonfarm payrolls rose to 119,000, extending the slowing trend seen since April, while unemployment rate Kept at 4.4%. average hourly earnings rose 0.2% to $36.67, keeping the annual rate at 3.8%, while weekly hours stood at 34.2. The release of the data was delayed by more…
Sector Breakdown: Mixed bag below the headlines The strongest hiring occurred in trade, transportation and utilities (+47,000), with education and health services also contributing (+26,000). But the picture was not universally strong. Despite all the hype around AI, tech-heavy information services cut 17,000 positions. Business and professional services (-15,000) and manufacturing (-3,000) also retreated. The…
Production Slips, but can provide Inventory Draw support Output slipped back into contraction by 2.8 points to 48.2, wiping out last month’s rise. But inventories tell a major story – the inventory index fell to 45.8 while customer inventories remained very low (43.9). That combo suggests producers are burning stock rather than accelerating, which could…
Balance sheet runoff will end in December In a notable change in policy stance, the Fed announced it would pause its balance sheet reduction program on December 1. The central bank has reduced its holdings by about $2.3 trillion since quantitative tightening began, reducing its balance sheet to $6.6 trillion. However, recent funding market tensions…
Amazon is relying on the strength of AWS while Apple’s Q1 iPhone supply depends on it. Explore post-earnings analysis and stock forecasts for both companies.
Main categories show signs of cooling Core inflation eased to 0.2% month-on-month after two consecutive 0.3% readings, reflecting easing in the shelter and services categories. Shelter costs, which hold the key weight, rose just 0.2%, while owner-occupied rents rose just 0.1% – the lowest increase since the start of 2021. Motor vehicle insurance and used…
Other contributors in core inflation included 5.9% monthly increase in airline fares, 1.0% hike in used car prices and 0.5% increase in apparel. Conversely, with a decline in dental services and a decline in dental services that temporary dental services, medical care drowned 0.2%. Food inflation broader; Grocery items leads benefits The food index rose…
Manufacturing employment declined by 12,000, transport equipment shed 15,000 jobs, largely responsible for strike activity. The wholesale trade fell by 12,000, declining its three months to 32,000. Retail trade offered a minor positive surprise, adding 10,500 jobs after the previous weakness. Wage increase stable, but participation stable Earning an average hourly increased 0.3% month-maiden, in…
Energy prices pull back rapidly Energy prices fell by 1.1% in July, which gives relief to headline inflation. Gasoline prices declined by 2.2%, leading to their 9.5% annual decline. Natural gas fell 0.9%, while the electricity decreased by 0.1% in a month, but is 5.5% more year-on-year. Energy weakness compensates for firmness to other CPI…