Firms’ year-ahead inflation expectations increased significantly to 3.6% during February, up from 3.4% in January, according to the latest Atlanta Fed Business Inflation Expectations Survey. Businesses in the Sixth District…
Read More
Green energy stocks continue to struggle after a difficult 2021, a sharp reminder of the bumpy transition to a greener future. The renewable energy sector has been particularly hard hit…
There was nothing consoling in this CPI report. There was no evidence of a hit from Omicron: on the contrary, services inflation accelerated. Together with the January payrolls report, it…
The ECB belatedly moved to catch up with markets last week. Recent inflation surprises have forced the central bank to change track. Labour market recoveries have been swift, particularly for…
Average hourly earnings increased 0.73% m/m in January, a stronger rise than in December (+0.54% m/m). The y/y accelerated to 5.68%. The Treasury market has responded, with big moves: the…
The NBS non-manufacturing new orders PMI fell to 47.8 in January. Employment decreased at a faster rate: the employment sub-index declined to 46.9, the lowest reading since the start of…
