-- Underlying US inflation probably moderated in April for the first time in six months, offering a ray of hope that price pressures will start to ease again after a string of upside surprises.Jim Simons, Code Breaker Who Mastered Investing, Dies at 86
Fed Chair Jerome Powell is scheduled to speak Tuesday at a foreign bankers event in Amsterdam. Regional Fed presidents Loretta Mester of Cleveland and Raphael Bostic of Atlanta — who both vote on policy this year — are also slated to speak.“April’s core CPI report could appear encouraging – we expect it to decelerate from March – but we see a meaningful likelihood that the month’s core PCE reading, a greater concern for the Fed, could still come in robust.
Japan’s economy is estimated to have contracted in the first quarter on falling private consumption and business investment, as well as the first negative contribution from net exports in a year. Those numbers are due on Wednesday. While still robust, the continuing downward shift would cheer Bank of England officials, two of whom voted on Thursday for an immediate reduction in borrowing costs against seven who favored no change.
The Brussels-based European Commission will release economic forecasts for the region on Wednesday, including projections for growth, inflation, debt and deficits. In Nigeria, consumer-price growth is predicted to have accelerated to over 34% in April, partly due to a threefold increase in electricity prices for some urban consumers.Zambia’s policymakers on Wednesday will probably raise the key interest rate for a sixth straight meeting to support the kwacha, which is trading at record lows against the dollar.
Brazil’s economy picked up at year-end and remained solid in the first two months of 2024. February’s GDP-proxy print was slightly better-than-expected on the back of a minimum wage hike and government income support to lower income households. Argentine President Javier Milei’s so-called shock therapy for the country’s crisis-plagued economy is getting results on the inflation front.
Consumer Price Index Core CPI Bureau Of Labor Statistics Personal Consumption Expenditures Price Index Inflation Gauge Federal Reserve Unemployment Rate
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