Daily market review

In March, inflation continued to rise despite a year of interest rate increases. The core PCE index, a key inflation gauge for the Fed, showed a 4.6% annual increase. Although annual rates are below 2022's peaks, they remain above the central bank's 2% target, indicating that price increases are more persistent than anticipated. The Fed's continued policy tightening may have various economic outcomes, which will be closely monitored.

Brazil and China Forge New Pact to Abandon US Dollar in Trade Mar. 31, 2023 In a significant move, Brazil and China, two prominent BRICS nations, have signed an agreement to trade using their c...

Inflationary Challenges in the Eurozone: Consumer Prices Rise in France and Spain Feb. 28, 2023 Consumer prices in France and Spain have continued to rise in February, driven by higher food and...

Nigeria's Bitcoin Market Surges as Central Bank Drives Cashless Transition Jan. 31, 2023 The price of Bitcoin in Nigeria has skyrocketed above global market prices, driven by the Central Bank o...

Payrolls Exceed Expectations Dec. 2, 2022 Friday, the Labor Department reported that nonfarm payrolls rose 263,000 in November. The nonfarm payroll figure surpassed the 200,000 expected estima...

Private Sector Hiring Falls Short of Expectations Nov. 30, 2022 Hiring within the private sector fell well below expectations, recently hitting its lowest point since January. An ADP report sh...

French Inflation Rates Hit New Highs Oct. 31, 2022 According to the National Institute of Statistics and Economic Research (INSEE), consumer inflation in France rose in October. Insee’s prelim...

PCE Accelerated Faster than Expected in August Sep. 30, 2022 This morning, the Commerce Department released its latest Core Personal Consumption Expenditure (PCE) price index figures, which exclu...