US consumer inflation continues to ease, but less so than expected in January. Yesterday’s update suggests that the Federal Reserve will see the latest numbers as new sign that pricing pressure isn’t cooling fast enough. In turn, the case may have strengthened at the central bank for keeping interest rates higher for longer.
Daily Archives: February 15, 2023
Macro Briefing: 15 February 2023
* China says it will ‘take countermeasures’ against US in balloon saga
* European Union bans sales of gas-powered cars starting in 2035
* ‘Earnings recession’ expected for US companies
* Small US business sentiment ticks up but remains below 49-year average
* Logistics managers warn of persistent inflation risk in supply chains
* Rally in emerging markets faces headwinds as US economy remains resilient
* Aggressive regulatory actions from US authorities rattle crypto markets
* US consumer inflation’s one-year trend continued to ease in January:
