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…
Blue Apron results miss Wall Street expectations on higher costs
NEW YORK – Blue Apron Holdings Inc reported a bigger-than-expected loss, as a drop in orders per customer and higher food and labor costs hurt the online meal kit company’s bottom line.…
ECB must keep inflation expectations at bay – Elderson
FRANKFURT – Euro zone inflation is “very high” and the European Central Bank needs to ensure that this does not get entrenched in inflation expectations, ECB board member Frank Elderson said on…
S.Korean inflation expectations hit 9-year high – survey
By Jihoon Lee and Choonsik Yoo SEOUL -South Koreans expect inflation to average around 3.1% over the next 12 months, led by rising global energy prices, the highest they have anticipated in…
U.S. business inventories beat expectations in February
WASHINGTON – U.S. business inventories increased more than expected in February amid a moderation in sales, data showed on Thursday. Business inventories rose 1.5% after climbing 1.3% in January, the Commerce Department…
ECB closely monitoring inflation expectations, Lagarde says
FRANKFURT – Measures of underlying inflation in the euro zone have risen above the European Central Bank’s 2% target and the ECB is closely monitoring inflation expectations, its president Christine Lagarde said…
German investor morale dips in April, inflation expectations ease
BERLIN – German investor sentiment fell by less than expected in April, a survey showed on Tuesday, as a decline in inflation expectations gave some cause for hope about the outlook for…
Brazil’s record trade surplus in March misses market expectations
By Marcela Ayres BRASILIA – Brazil posted a record trade surplus for March, of $7.4 billion, official data showed on Friday, but the number was well below market forecasts amid expectations that…
USDA corn plantings forecast falls below expectations
CHICAGO – U.S. farmers intend to plant 89.490 million acres of corn in 2022, down 4% from last year and below the lowest in a range of trade expectations, the U.S. Department…
U.S. manufacturing output beats expectations in February
WASHINGTON – Production at U.S. factories accelerated in February, shrugging off a continued slump in motor vehicle output, pointing to sustained strength in manufacturing amid a healthy demand for goods even as…
Gold steady as dollar dip counters Fed rate hike expectations
By Bharat Gautam – Gold steadied on Wednesday, with a weaker dollar offsetting pressure from higher U.S. Treasury yields as investors await the first pandemic-era U.S. Federal Reserve interest rate hike. Spot…
Japan consumers’ inflation expectations hit record high in March – survey
TOKYO – Japanese consumers’ inflation expectations hit a record high in March, a government survey showed on Wednesday, as people’s perceptions of future price moves were affected by surging energy and food…
UK year-ahead inflation expectations rise to highest since 2008
LONDON – The British public’s expectations for the rate of inflation in a year’s time rose to the highest since 2008, although the increase in longer-term expectations has been less marked, a…
New index shows U.S. inflation expectations shifting higher
By Howard Schneider WASHINGTON – One-year U.S. inflation expectations have rocketed higher since Russia’s invasion of Ukraine and the longer-term outlook has begun increasing as well, a development likely to be watched…
U.S. factory orders growth beats expectations in January
WASHINGTON – New orders for U.S.-made goods increased more than expected in January, pointing to continued strength in manufacturing despite supply challenges. The Commerce Department said on Thursday that factory orders rose…
Moncler 2021 sales top 2 billion euros, beating expectations
MILAN – Sales at Italian luxury outwear maker Moncler grew by 30% in the key final quarter of 2021 and 44% for the full year to well above pre-pandemic levels thanks to…
Cash in hand, Getlink beats expectations but stays quiet on guidance
– Getlink’s annual revenues and core profit slightly beat market expectations on Thursday due to cost control though the operator of the Channel Tunnel stayed mute on its guidance. The group, which…
U.S. consumers’ inflation expectations lower in January, NY Fed survey finds
By Jonnelle Marte -U.S. consumers lowered their expectations for how much inflation will rise in the near-term and medium-term periods, signaling that inflation concerns may be easing, according to a survey released…
Chipotle profits beat expectations despite higher costs, Omicron
By Praveen Paramasivam and Hilary Russ – Chipotle Mexican Grill Inc beat Wall Street estimates for quarterly profits and comparable sales on Tuesday as higher demand and prices for its burritos and…
Jobs Report Beats Expectations Despite Surging Omicron Cases
The U.S. economy recorded an increase of 467,000 jobs in January while unemployment increased to 4.0%, the U.S. Bureau of Labor Statistics (BLS) announced Friday. Total non-farm payroll employment increased to 467,00…
Jobless Claims Drop Below Expectations
The number of Americans who filed new unemployment claims decreased to 238,000 in the week ending Jan. 29, the Labor Department announced Thursday. The Labor Department figure showed a 23,000 claim decrease compared…
Analysts beef up expectations for Europe’s earnings season
LONDON – Analysts are upgrading their expectations for Europe’s fourth-quarter earnings season, which has seen a steep increase in companies announcing consensus-beating results, according to the latest data from Refinitiv I/B/E/S. Earnings…
Bostic: Fed needs to act “soon” to be sure inflation expectations stay controlled
WASHINGTON – U.S. inflation risks being pushed to a permanently higher level if the Federal Reserve does not get the current bout of price increases under control, Atlanta Fed president Raphael Bostic…
U.S. construction spending misses expectations in December
WASHINGTON – U.S. construction spending increased less than expected in December as a solid rise in private projects was partially offset by a sharp decline in outlays on public projects. The Commerce…
Inflation expectations stable, faster price rises may be easing -Fed data
By Howard Schneider and Jonnelle Marte – Data watched closely by the Federal Reserve showed inflation expectations remained broadly anchored through the end of last year, while an alternate measure of inflation…
IMF backs Ukraine’s monetary policy and need to lower inflation expectations
KYIV – The International Monetary Fund backs the Ukrainian central bank’s monetary policy and the need to lower inflation expectations, the IMF representative in Ukraine Vahram Stepanyan told an online forum on…
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