The Consumer Price Index eased more than expected in March, providing fresh evidence that pricing pressure has peaked and inflation remains on track to decelerate further in the months ahead. The core reading of CPI posted a firmer reading, but this looks like an outlier when viewed in context with a range of alternative inflation metrics.
Daily Archives: April 13, 2023
Macro Briefing: 13 April 2023
* Rate hikes still needed, says San Francisco Fed President Mary Daly
* Fed expects a recession later this year, according minutes for March meeting
* US-Saudi oil pact breaking down as Russia influence in OPEC rises
* UK economy stagnates in February via GDP data
* China’s exports unexpectedly surge in March
* All but biggest banks face tough quarter for earnings reports
* Threat of war a factor for Buffett’s sale of shares in chipmaker giant TSMC
* US headline consumer inflation eases in March, but core trend ticks up:
