US financial markets indicators show a rebound in global government bond yields
May 28, 2015 05:22 am UTC| Commentary
The recent rebound in the 10-year Treasury yield still leaves it well below the peak reached at the start of 2014 in the aftermath of the so-called taper tantrum(1). This more modest recent rebound in yields has come at a...
US Inflation indicators reveal a firming in core inflation
May 28, 2015 05:14 am UTC| Commentary
Although the annual rate of headline CPI inflation remained in negative territory in April, there are clear signs of a firming in core inflation (1). The annual rate of core CPI inflation remains at a modest 1.8%, but the...
US labour market indicators suggest unemployment rate will continue on downward trend
May 28, 2015 05:10 am UTC| Commentary
The rebound in payroll growth in April suggests that the slowdown in March was at least partly temporary, although we would have expected even more of a bounce back last month (1). Nevertheless, the unemployment rate...
US external indicators suggest spike in imports in March partly reversed in April
May 28, 2015 05:05 am UTC| Commentary
The massive surge in the trade deficit in March was driven by a spike in imports, which reflects the resolution of the West Coast port dispute in February and possibly the late occurrence of the Chinese New Year holiday...
May 28, 2015 04:54 am UTC| Commentary
The three-month annualised growth rates of business equipment production and underlying capital goods shipments remained in negative territory in April, but we expect to see improvement over the second quarter (1). The...
US consumer confidence measures still point to a pick-up in spending growth
May 28, 2015 04:48 am UTC| Commentary
Retail sales were unchanged in April and stripping out autos, gasoline and building materials, control group sales actually fell slightly (1). Last year, when the winter was also unseasonably severe, control group sales...
US's output and activity indicators
May 28, 2015 04:34 am UTC| Commentary
GDP probably contracted modestly in the first quarter. The unseasonably cold weather in the Northeast and the collapse in the shale oil industry were key factors driving that decline, but the weakness could also reflect...
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