Inflation Missed Expectations In January. Are We Just Stuck With High Inflation Forever?
Inflation Missed Expectations In January. Are We Just Stuck With High Inflation Forever? Will Kessler on February 14, 2024 The Bureau of Labor Statistics announced on Tuesday that inflation increased at a…
Investors trim BoE rate cut expectations after inflation rises
LONDON (Reuters) – Investors pared back expectations for Bank of England interest rate cuts over the coming year after data on Wednesday showed an unexpected rise in Britain’s rate of consumer price…
Canada’s inflation rises to 3.4% in Dec, meeting expectations
TORONTO (Reuters) – Canada’s annual inflation rate rose to 3.4% in December from 3.1% in November, data showed on Tuesday, largely driven by higher gasoline prices. The inflation matched estimates by economists…
Euro zone consumers slash inflation expectations – ECB survey
FRANKFURT (Reuters) – Euro zone consumers have slashed their inflation expectations, a European Central Bank survey showed on Tuesday, in comforting news for the ECB’s efforts to contain prices. The Consumer Expectations…
Brazil’s industrial output beats expectations in November
SAO PAULO (Reuters) – Industrial production in Brazil rose for the fourth consecutive month in November, data from statistics agency IBGE showed on Friday, exceeding market forecasts even as it maintained a…
China lifts policy bank loans, raising housing support expectations
BEIJING (Reuters) -China’s central bank made 350 billion yuan ($49.1 billion) in loans to policy banks through its pledged supplementary lending (PSL) facility in December, data showed, fuelling expectations of increased support…
Brazil’s central bank reaffirms easing pace amid unanchored inflation expectations
BRASILIA (Reuters) – Brazil’s central bank stressed on Thursday that despite recent downward surprises in current inflation, expectations for the coming years remain above the official target, reaffirming its intention to keep…
New Jersey’s Campbell’s Soup Surpasses Wall Street Expectations After Price Increases
CAMDEN, NJ – Campbell Soup Company reported a surpassing of Wall Street expectations for quarterly profit on Wednesday. The company’s strategy of increasing prices for its snacks and packaged meals contributed to…
US private payrolls miss expectations in November
WASHINGTON (Reuters) – U.S. private payrolls increased less than expected in November as the labor market gradually cools. Private payrolls rose by 103,000 jobs last month, the ADP National Employment Report showed…
Jif parent JM Smucker tops profit expectations on easing costs, higher prices
(Reuters) – J.M. Smucker, which owns Jif peanut butter and Dunkin’ pre-made coffee, beat second-quarter profit expectations on Tuesday, helped by higher product pricing and easing input costs. Shares of the Ohio-based…
ECB survey shows steadying inflation expectations
FRANKFURT (Reuters) – Inflation expectations among euro zone consumers held steady last month while the outlook for economic growth worsened, the European Central Bank said on Tuesday, based on its October consumer…
Fall in euro zone Nov business activity adds to recession expectations -PMI
LONDON (Reuters) – The downturn in euro zone business activity eased last month but still indicates the bloc’s economy will contract again this quarter as the dominant services industry continues to struggle…
Fed’s Williams welcomes stability of longer-run inflation expectations
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of New York President John Williams said Tuesday longer-term inflation expectations have been encouragingly steady, and he welcomed declining inflation pressures.…
US equity funds draw heavy inflows on expectations for Fed pause
(Reuters) – U.S. investors were big buyers of equity funds in the seven days through Nov. 15, spurred by expectations that the Federal Reserve may pause its interest rate hikes in light…
GKN Aerospace-owner Melrose lifts 2023 profit expectations
(Reuters) – British aerospace supplier Melrose said on Thursday it expected 2023 profit to be 7% higher than its previous expectations, partly driven by stronger aftermarket demand and improved pricing. The owner…
NY Fed finds softer inflation expectations in October
By Michael S. Derby NEW YORK (Reuters) -The expected path for inflation softened on balance in October amid rising expectations for future gasoline price increases and a largely stable outlook for employment…
Commerzbank Q3 net profit more than triples, beats expectations
FRANKFURT (Reuters) -Germany’s Commerzbank said on Wednesday that net profit more than tripled in the third quarter, better than expected and helped by higher interest rates, as it presented a strategy update.…
Monster Beverage edges past profit expectations on higher pricing, cooling costs
(Reuters) – Monster Beverage Corp beat estimates for third-quarter profit on Thursday, helped by higher pricing for its energy drinks and hard seltzers, sending the company’s shares up about 3% in extended…
Merck quarterly profit tops expectations on COVID pill surprise
By Michael Erman (Reuters) -Merck & Co on Thursday reported higher-than-expected results in the third quarter on surprisingly strong demand for its COVID-19 treatment, primarily in Japan, and raised its annual sales…
US, European bellwethers best expectations, boost investor confidence
By David Gaffen (Reuters) – A broad swath of global industrial and consumer bellwethers reported stronger-than-expected earnings in their most recent quarter, as resilient spending patterns kept profits afloat despite high interest…
Spotify posts quarterly profit, user growth beats expectations
By Supantha Mukherjee STOCKHOLM (Reuters) – Spotify on Tuesday swung to a quarterly profit aided by price hikes in its streaming services and growth in subscribers in all regions, and forecast that…
Canada August retail sales down 0.1%, boost expectations of rate pause
OTTAWA (Reuters) – Canadian retail sales fell by 0.1% in August from July and look set to stay flat in September, Statistics Canada said on Friday, cementing expectations that the Bank of…
US retail sales beat expectations in boost to third-quarter GDP growth expectations
WASHINGTON (Reuters) -U.S. retail sales increased more than expected in September as households stepped up purchases of motor vehicles and spent more at restaurants and bars, cementing expectations that economic growth accelerated…
Snap shares jump as leaked 2024 user target exceed Wall St expectations
(Reuters) – Snap shares jumped 11% on Monday after a media report said the social media company is expected to have more than 475 million daily active users (DAUs) in 2024, above…
Japan households’ inflation expectations rise slightly – BOJ poll
TOKYO (Reuters) -Japanese households’ inflation expectations rose slightly in the three months to September, a central bank quarterly survey showed on Friday. The survey will be among factors that the Bank of…
Instant view: US job growth smashes expectations, raising prospects for rate hikes
(Reuters) – U.S. job growth surged in September, suggesting that the labor market remains strong enough for the Federal Reserve to raise interest rates this year, though wage growth is moderating. Nonfarm…
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