Weekly initial claims climbed 12K to 211K, above the 205K estimate, marking the highest level since early April. US initial jobless claims increased by 12,000 to 211,000 for the week ending May 9, surpassing the 205,000 estimate. The prior week was revised downward to 199,
Prior month 1.7% revised lower to 1.6% - Retail sales 0.5% vs 0.5% estimate - Ex AUto 0.7% vs 0.6% estimate. Prior 1.9% - Ex Gas and Auto 0.5% vs 0.6% last month Prior month 0.7% revised higher from 0.6% - Control group 0.5% versus 0.4% expected. Prior revised highe
India's wholesale inflation jumps to 8.3% in April Soaring energy costs drove India's wholesale inflation to its highest level in three and a half years. The inflation rate significantly accelerated from 3.88% in March. This surge is attributed to the worst
Markets are taking a more measured tone to start the day as President Trump meets with China’s Premier Xi while traveling abroad. At the same time, the Iran-US conflict appears to be temporarily on hold, helping ease some geopolitical anxiety Crude oil is trading ab
Quick Read - $35,000 withdrawal triggers $60,500 taxable income via provisional income rule, costing 22% marginal rate instead of 12%. - Rebuild your withdrawal plan around the $34,000 provisional income threshold using IRS Publication 915 this year. - A 67-year-old single...
First-quarter GDP growth aligns with expectations, accelerating from a 0.1% rise in the prior quarter. The UK economy grew 0.6% in the first quarter, matching consensus forecasts and rebounding from a 0.1% increase in the previous quarter. Year-over-year growth reached 1.1
March GDP data surpasses expectations, driven by stronger services and manufacturing output amid prior downward revisions. The UK economy expanded by 0.3% in March, exceeding the -0.2% monthly decline forecast by economists. The growth was led by a 0.3% rise in services ou
April US Producer Price Index rose 1.4% month-over-month, exceeding forecasts and fueling Fed rate-hike concerns. The US Dollar Index climbed to 98.50, its highest level since late April, after April’s Producer Price Index jumped 1.4% month-over-month, well above the 0.5%
Hotter-than-expected CPI and PPI reports fuel speculation the Fed may delay rate cuts amid persistent price pressures. U.S. consumer and producer price indexes rose more than economists forecast in the latest reports, reviving inflation worries on Wall Street. The data sug
Has been expecting to see continued productivity gains, it's not just AI-driven. Employment rate remains relatively low There is been a long list of recent supply shocks, is very focused on supply-side issues. Fed inflation targeting factors driving prices. Strong p
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