๐บ๐ธ๐ RESULTS โ U.S. MACRO DATA
๐ Thursday, October 15
The indicators released at 14:30 show an economy with resilient consumer spending, but also greater inflationary pressures and signs of industrial weakness.
๐ RETAIL SALES
โข Actual: 0.8%
โข Forecast: 0.3%
โข Previous: 1.3%
๐ Consumer spending far exceeds expectations, although it is growing less than the previous month.
๐ข A positive signal for economic activity.
๐ฅ PPI โ PRODUCER PRICES (SEPTEMBER)
โข Actual: 1.3%
โข Forecast: 0.6%
โข Previous: 0.5%
๐ The prices received by producers are rising much more than expected.
๐ด A concerning signal for inflation, as some of these costs could be passed on to consumers.
๐ CORE RETAIL SALES (SEPTEMBER)
โข Actual: 0.9%
โข Forecast: 0.6%
โข Previous: 1.4%
๐ Core consumer spending also exceeds forecasts, although it has moderated compared with the previous month.
๐ข Consumer spending continues to show resilience.
๐ญ PHILADELPHIA MANUFACTURING INDEX
โข Actual: 20.9
โข Forecast: 28.2
โข Previous: 37.8
๐ Manufacturing activity remains in expansion territory, but is losing momentum and falling short of expectations.
๐ก A sign of industrial slowdown.
๐ท UNEMPLOYMENT BENEFIT CLAIMS
โข Actual: 199K
โข Forecast: 199K
โข Previous: 198K
๐ The figure matches expectations and has barely changed from the previous week.
๐ก The labor market continues to show stability.
๐ OVERALL
The data paint a mixed picture:
๐ข Consumer spending is stronger than expected.
๐ด Producer-price inflation is far higher than expected.
๐ก Industry is losing momentum.
๐ก Employment is relatively stable.
๐ฆ WHAT DOES THIS MEAN FOR THE FED?
The main concern is the PPI, which adds to the inflationary pressures seen yesterday in the CPI.
Resilient consumer spending and persistent inflation could limit the Federal Reserveโs room to continue cutting interest rates.
๐ Thursday, October 15
The indicators released at 14:30 show an economy with resilient consumer spending, but also greater inflationary pressures and signs of industrial weakness.
๐ RETAIL SALES
โข Actual: 0.8%
โข Forecast: 0.3%
โข Previous: 1.3%
๐ Consumer spending far exceeds expectations, although it is growing less than the previous month.
๐ข A positive signal for economic activity.
๐ฅ PPI โ PRODUCER PRICES (SEPTEMBER)
โข Actual: 1.3%
โข Forecast: 0.6%
โข Previous: 0.5%
๐ The prices received by producers are rising much more than expected.
๐ด A concerning signal for inflation, as some of these costs could be passed on to consumers.
๐ CORE RETAIL SALES (SEPTEMBER)
โข Actual: 0.9%
โข Forecast: 0.6%
โข Previous: 1.4%
๐ Core consumer spending also exceeds forecasts, although it has moderated compared with the previous month.
๐ข Consumer spending continues to show resilience.
๐ญ PHILADELPHIA MANUFACTURING INDEX
โข Actual: 20.9
โข Forecast: 28.2
โข Previous: 37.8
๐ Manufacturing activity remains in expansion territory, but is losing momentum and falling short of expectations.
๐ก A sign of industrial slowdown.
๐ท UNEMPLOYMENT BENEFIT CLAIMS
โข Actual: 199K
โข Forecast: 199K
โข Previous: 198K
๐ The figure matches expectations and has barely changed from the previous week.
๐ก The labor market continues to show stability.
๐ OVERALL
The data paint a mixed picture:
๐ข Consumer spending is stronger than expected.
๐ด Producer-price inflation is far higher than expected.
๐ก Industry is losing momentum.
๐ก Employment is relatively stable.
๐ฆ WHAT DOES THIS MEAN FOR THE FED?
The main concern is the PPI, which adds to the inflationary pressures seen yesterday in the CPI.
Resilient consumer spending and persistent inflation could limit the Federal Reserveโs room to continue cutting interest rates.