Source: Census Bureau Retail and food services sales in the US were valued at $665.7 billion in March, an increase of 0.5% from the previous month. SPY is down -0.46%, DXY is up +0.84%. The surge in retail sales in March was largely attributed to higher spending due to inflationary pressures, especially gasoline, which saw an 8.9% jump.Excluding motor vehicles and … [Read more...] about US Retail Sales Rise by 0.5% in March as Gasoline Prices Soar
USA
Jobless Claims Climb to Five-Week High
Source: US Labor Department Unemployment claims in the United States rebounded in the first full week of April, hitting the highest level in five weeks. DXY is up 0.36%, while Gold is down 0.24%. Seasonally adjusted initial claims increased by 18,000 to 185,000 from the previous week’s upward revised level of 167,000. This is the highest since March 5’s 198,000.The … [Read more...] about Jobless Claims Climb to Five-Week High
US Producer Prices Rose by a Higher 1.4% in March from February
Source: Bureau of Labor Statistics The Producer Price Index in the US gained 1.4% in March, accelerating from an increase of 0.9% in February and 1.2% in January. SPY is up +0.55%, DXY is down -0.12%. Final demand for goods led to the rise in the producer prices in March, with a gain of 2.3% in March, the same as February. Final demand services saw a gain of 0.9%.More … [Read more...] about US Producer Prices Rose by a Higher 1.4% in March from February
US Home Loan Rates Jump to Highest Since November 2018
Source: Reuters US home loan interest rates climbed to a three-year low in the past week, with homebuyers rushing to make acquisitions before rates jump even higher. XHB is up 1.43%, while ITB is up 1.58%. The average contract rate for the 30-year fixed-rate mortgage climbed 5.13% in the week ending April 8, up from 4.90% the previous week.This is 1.5 percentage points … [Read more...] about US Home Loan Rates Jump to Highest Since November 2018
US Inflation Quickens to Four-Decade High of 8.5%
Source: Bureau of Labor Statistics Inflation surged to 8.5% in March, hitting the highest level in over four decades. QQQ is up 1.33%, while SPY is up 0.85%. The Consumer Price Index for All Urban Consumers clocked in at 8.5%, the highest since December 1981.The acceleration was mainly due to energy prices which surged by 32.0%. Energy commodities soared by 48.3%, … [Read more...] about US Inflation Quickens to Four-Decade High of 8.5%
