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How UK PMI Data & Rate Cut Speculation Affect Jordan’s Market

Although today's reports showed output prices to be slowing, robust outlooks for both growth and employment will do nothing to assuage BoE concerns about the strength of underlying inflationary pressures going forward.

24 Jul 2024, 11:26
UKPMI24July

US June retail sales numbers show consumer spending continuing to weaken

Today's report shows consumer spending continuing to slowly soften, presenting no obstacle to hold the Fed back from cutting interest rates.

16 Jul 2024, 15:19
USretailsales16July

Stronger US PPI numbers still allow the Fed to cut interest rates in September

Today's PPI numbers appear at first glance to rule out any suggestion of a first interest rate cut being delivered in September. But as with all such reports, the devil is in the detail.

12 Jul 2024, 15:20
USPPI12July

US CPI report gives the Fed the green light to start cutting interest rates

Today's report showed disinflationary pressures to be widespread across the US economy. Reasons for the Fed to delay cutting rates are becoming few and far between.

11 Jul 2024, 15:05
USCPI11July

US PCE and personal spending data bolster case for September Fed rate cut

With core PCE growing increasingly slowly while personal spending stalls, the case for cutting interest rates continues to strengthen.

28 Jun 2024, 15:38
USPCE28June

UK public sector borrowing starts the new fiscal year on a slightly brighter note

Borrowing in the new fiscal year is so far running lower than forecast. But unrealistic spending plans going forward mean the next government faces a fiscal 'pandora's box' of tax rises and/or borrowing more if already creaking public services are not to be cut back further.

21 Jun 2024, 14:11
UKPSBR21June

US inflationary pressures continue to weaken in May

Today's CPI numbers will encourage the markets to believe that inflationary pressures are once again on a weakening path. But the Fed is still likely to signal this evening that more such data will be needed before it will counter cutting interest rates.

12 Jun 2024, 14:10
USCPI12June

US employment report once again surprises on the topside

Today's US employment report once again painted a picture of enduring strength. But signs of weakness are growing, leaving open the prospect for one or more interest rate cuts to still be delivered this year.

7 Jun 2024, 15:18
USNFP7June

US PCE numbers suggest underlying inflation is still heading lower

But while providing assurance to the Fed that inflationary pressures remain on a downwards path, further evidence of this will be needed before the FOMC will commit to cutting interest rates.

31 May 2024, 15:17
USPCE31May

UK CPI figures for April disappoint, despite continuing to move in the right direction

Despite both the headline and core rates moving lower, stubborn services sector pricing derails hopes of a June interest rate cut.

22 May 2024, 11:54
UKCPI22May