US Trade Deal Sheds Concerns But BOE Will Still Be Cautious: MIDF
Following the "new king of bonds," Goldman Sachs also predicts that inflation in the USA will reach 4% this year.
Goldman Sachs predicts that by Christmas, the inflation rate in the USA may reach 4%, while Commodity inflation could surge to 6%-8%. Shortly after the Federal Reserve announced to hold steady on May 7th, and after the press conference by Fed Chair Jerome Powell, Jeffrey Gundlach of DoubleLine Capital also stated, "Given the current situation, the overall CPI increase by the end of this year could reach the '4' threshold."
Fed's Split From Peers Helps Lift Dollar -- Market Talk
Federal Reserve: USA's three-year inflation expectations reach a new high since 2022.
More news is being continuously updated.
New York Fed survey: The public's outlook on financial prospects in the USA has worsened, with differing inflation expectations.
The report indicates that in April, surveyed households' assessment of their current and future financial situations has "sharply worsened."
Inflation Expectations Are Steady but Consumers Are More Worried -- Barrons.com
NY Fed Survey Ambivalent on Inflation Outlook
U.S. Wholesale Inventories Climbed for Third-Straight Month in March
U.S. Productivity, Economy's Secret Sauce, Falls for First Time in Almost 3 Years
The USA experiences its first decline in labor productivity in three years, with soaring labor costs sounding the alarm for inflation.
In the first quarter, USA's labor productivity experienced its first decline in nearly three years due to a decrease in economic output, interrupting the previous trend of efficiency improvements that helped alleviate inflationary pressures on employment costs.
Productivity Falls for First Time Since 2022. What That Means for Economic Growth. -- Barrons.com
Trump criticizes the Federal Reserve again for not lowering interest rates, but this time did not call for firing Powell.
① The Federal Reserve announces that it will maintain the target range for the federal funds rate between 4.25% and 4.50%, marking the third consecutive decision to keep rates unchanged; ② Trump criticized Federal Reserve Chairman Powell on social media, stating that he is "too late" and "clueless," but added that he "still really likes him."
Jobless Claims Fall in Latest Week, With No Sign of Recession or Layoffs
As holiday factors diminish, the number of initial unemployment claims in the USA has returned to a low level.
After a short-term surge during the spring holiday and Easter at the end of April, the number of initial unemployment claims in the USA showed a declining trend last week.
Q1 US Nonfarm Productivity Falls as Expected, Unit Labor Costs Jump
U.S. Productivity, Secret Sauce of Economy, Falls for First Time in Almost Three Years
U.S. Stock Market Outlook | All three Equity Index futures are up, Trump will announce a trade agreement with the United Kingdom.
On May 8th (Thursday) during Pre-Market Trading, all three major Equity Index futures in the US rose.
Powell's stance of "not rushing to cut interest rates" has triggered a rise in U.S. Treasury yields as the market reassesses the Federal Reserve's policy path.
After Federal Reserve Chairman Powell stated that there would be no hasty reduction of borrowing costs, traders reduced their bets on Fed interest rate cuts, leading to an increase in US Treasury yields on Thursday.
US Dollar Rises Ahead of US-UK Trade Deal and Post-Fed Stagflation Fears
Market Talk Roundup: Fed Keeps Rates on Hold, Signals No Hurry for Rate Cut