4 March 2024
Fed governor Christopher Waller said Friday he would like to see the U.S. central bank shift its holdings more toward short-term Treasuries, sending the yield on the 2-year Treasury 11 basis points lower to 4.54%.
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1 March 2024
PCE price index was released as expected, where it rose 0.3% mom and 2.4% yoy for January, which is the lowest annual increase since Feb 2021 following a 2.6% increase in December, thus easing investors' concerns that the level of inflation that is difficult to fall will make the Fed keep interest rates high for a longer time.
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29 February 2024
The PCE price index, the Fed's favorite inflation benchmark, is expected to show a rise of 0.3% mom and 2.4% yoy in January. US Inflation is still heating up in the latest CPI & PPI figures, which point to a resilient US economy, as well as comments from several Fed officials that led market participants to push back the first pivot estimate of the year from March to June.
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28 February 2024
The US reported the important ECONOMIC INDICATOR Consumer Confidence which fell to 106.7 for February, from 110.9 in the previous month; a 3-month low, with Inflation as the culprit weighing on consumer confidence.
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27 February 2024
Prior to Thursday's Personal Consumption Expenditures (PCE) price index data, market participants are also looking forward to the 4th quarter US GDP released on Wednesday, which is expected to come out at 3.3% qoq, lower than 4.9% in the previous quarter; indicating that although the US economy seems to be more resilient than some other developed economies, the economic slowdown is evident.
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