Mindblown: a blog about philosophy.
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US ISM Mfg Prices Paid (Mar) 49.2 vs. Exp. 51.0 (Prev. 51.3)
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US ISM Manufacturing PMI (Mar) 46.3 vs. Exp. 47.5 (Prev. 47.7)
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Morning Market Report – 3 April 2023
Surprise cut in oil production by Opec skyrocketing crude oil!View report for more of today’s insights.
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End of day report March 31st
Have you seen the latest news about inflation? It looks like there’s some good news – the PCE, the Fed’s favorite gadget, came in slightly weaker than expected.
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Fed’s Collins not seeing overwhelming progress (on inflation), more work to be done
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Fed’s Collins not seeing overwhelming progress (on inflation), more work to be done
Fed’s Collins (non-voter) says on Bloomberg TV that PCE data was about what the Fed expected; not seeing overwhelming progress, more work to be done; inflation is too high Is highly data dependent.Need to have financial conditions that are sufficiently tight and then hold."Early days" on deciding if Fed has gone as far as it […]
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Morning Market Report – 31 March 2023
Happy Friday! Catch our morning report as we discuss the latest on the financial markets and what to look out for.
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Core PCE 4.6% Vs expected 4.7%
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End of day report March 30th
With outflows from deposit accounts and into money-market accounts will put another strain on the mid size banks.
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Fed’s Kashkari (voter, hawkish) says we have very high inflation, but it’s not being driven by wages; have to bring down inflation Once Fed gets inflation down, can get back to pre-COVID economy with low inflation, low unemployment, and decent wage growth.
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