Market Insights Thursday Feb. 23
John Caruso Senior Market Strategist Good morning, Market Insight: *Eurozone CPI mm -0.2% vs -0.2% exp vs -0.4% prev. *Eurozone CPI yy 8.6% vs 8.6% exp vs 8.5% prev. *BoE’s Mann: Further tightening and sooner rather than later likely is needed *US Fed Swaps upgrade bets on 25pbs hike in […]
US GDP Beats Expectations, But Still Presents Challanges.
GDP Comes in Better Than Expected, But lower than Q3 Fourth-quarter GDP increases at 2.9% rate Consumer spending solid; business investment weakens Weekly jobless claims fall 6,000 to 186,000 Real GDP grew at an annualized rate of 2.9% in the fourth quarter relative to Q3-2022. The outturn was a bit stronger than the consensus […]
Zero-COVID Takes a Toll on PRC’s GDP
China’s economic growth is slowing as GDP data show Xi Jinping’s Zero-COVID policy Hammered the economy. The National Bureau of Statistics of China announced that the country’s GDP by 3% in 2022. Falling significantly short of the 5.5% increase expected by Chinese officials. The data revealed the impact of the government’s zero-COVID policy. The GDP […]
