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May 17, 2024 4:04 PM UTC
April’s core PCE price index looks set to come in close to 0.25% before rounding, though we expect the index to be rounded down to 0.2%, while overall PCE prices are rounded up to 0.3%. We expect a subdued 0.2% increase in personal income to underperform a 0.4% increase in personal spending.
May 17, 2024 12:00 AM UTC
EMERGING ASIA
EM currencies perform individually against the USD as the greenback followed the post CPI drop initially before rebounding in the New York session. KRW saw the largest gains of 1.79%, followed by THB 1.09%, IDR 0.65%, TWD 0.61%, MYR 0.5%, PHP 0.12% and HKD 0.11%; the biggest losers are
May 16, 2024 1:31 PM UTC
April industrial production was unchanged with a downward revision to March offset by an upward revision to February. Manufacturing was weak at -0.3% though outside a negative correction in autos the drop was only 0.1%, leaving a fairly flat underlying picture.
May 16, 2024 1:07 PM UTC
Unprecedented floods in Rio Grande do Sul, a state that contributes 6.4% to Brazil's GDP and 13.3% to its agricultural production, have submerged several cities. The immediate halt in economic activity may reduce Brazil's Q2 GDP by up to 0.4%. The federal government is increasing aid, potentially ra
May 16, 2024 1:00 PM UTC
The latest data is all close to consensus, initial claims partially correcting a sharp rise last week, housing starts correcting a sharp fall last month but permits seeing a second straight dip while the Philly Fed corrected from a strong preceding month but remains positive. All this is consisten