Weekly Global Economic Data and its Impact
US PPI MoM
This chart displays the monthly changes in the U.S. Producer Price Index (PPI) from April 2020 to April 2024. The PPI measures the average change over time in the selling prices received by domestic producers for their output. Notably, April 2024 saw a 0.5% month-on-month increase, which was higher than the expected 0.3%. This followed a modest decrease of 0.1% in March 2024. The data exhibits fluctuations, with several peaks and troughs indicating varying inflationary pressures in the U.S. manufacturing sector. This visual analysis provides investors and economists insights into trends in factory gate prices, helping gauge economic health and inflationary trends in the United States.
India: CPI
US. Unemployment Rate
US Non Farm Payrolls
This chart presents data on U.S. Non-Farm Payrolls, showing the monthly job additions from April 2020 through April 2024. The figures represent the number of jobs added in thousands. April 2020 shows a significant job loss, depicted by the negative bar, while the following months show recovery and fluctuations in job growth. In April 2024, the economy added 175,000 jobs, which is a slowdown from the revised 315,000 jobs in March 2024, and below the market expectations of a 243,000 job increase. The chart is a visual representation of the employment changes over the period, highlighting the volatility and recovery in the U.S. job market.
India: CPI
India Fx Reserves $Bn
US CPI (YoY)
EUROZONE Core CPI (YoY)
The graph presents the year-over-year Eurozone core inflation trend, demonstrating a continuous decrease over an eight-month stretch, culminating in the lowest rate since early 2022. This data is vital for analysts tracking economic stability and forecasting financial markets in the region, offering insights into consumer price movements and central bank policy implications.
In February 2024, the Euro Area’s annual inflation rate was 2.6%, above the ECB’s 2% goal. Energy prices fell by 3.7%, while food, alcohol, and tobacco costs rose by 3.9%, and non-energy industrial goods by 1.6%. Services inflation remained at 4.0%. The core inflation rate, which excludes food and energy, was 3.1%. Monthly, consumer prices went up by 0.6% after January’s 0.4% decline.
This decrease in inflation has also risen the probabilities of a rate cut. While most policymakers favor a rate cut in June, some suggest April. Hawks like Schnabel and Lagarde warn against early cuts due to inflation concerns, advocating for a cautious approach to achieve the 2% target. Conversely, dovish members call for earlier cuts, pointing to significant disinflation and the risk of falling short of the inflation goal. The market is split, with a 50% probability assigned to an April rate reduction, indicating a disconnect with some ECB officials.
Eurozone Core CPI YoY
Eurozone CPI Inflation
India – GDP
India Fx Reserves $Bn
Eurozone Core CPI (YoY)
Eurozone CPI (YoY)
Inflation Rate
US Core CPI MoM
US Core CPI YoY
US CPI MoM
US CPI (YoY)
India: CPI
India Fx Reserves $Bn
India Fx Reserves $Bn
U.K. Interest Rate
Eurozone CPI (YoY)
India FX Reserves $Bn
US Jobless Claims
US Core CPI YoY
US CPI MoM
US CPI YoY
U.K. Inflation Rate
India FX Reserves $Bn
Exports, Imports & Trade Deficit
India WPI
India Industrial Production & PMI
US CPI MoM
US CPI YoY
India: CPI
US CPI vs Core CPI YoY
Inflation – US & Other Countries
US Core CPI YoY
India Fx Reserves $Bn
India Goverment Bond 10Y
India Fx Reserves $Bn
India: GDP
Eurozone Core CPI (YoY)
Eurozone CPI (YoY)
FX Reserves $Bn
India FX Reserves $Bn
Eurozone CPI (YoY)
US Fed Balance Sheet
Exports, Imports & Trade Deficit(USD Bn)
India: CPI
India FX Reserves $Bn
US Core CPI MoM
US Core CPI YoY
US CPI MoM
US CPI YoY
India CPI YoY
Germany CPI YoY
US Fed Balance Sheet
India Interest Rate
Current Account Deficit
India FX Reserves $Bn
Eurozone Core CPI (YoY)
Eurozone CPI (YoY)
US Jobless Claims
India FX Reserves $Bn
The Foreign Exchange Reserves in India decreased to 593.04 Bn in Sep 16 from 593.90 Bn in the previous week.
U.K. Interest Rate
The Interest Rate in the UK is expected to be 5.25% by the end of this quarter.
Federal Reserve issues FOMC statement
The U.S. banking system is sound and resilient. Tighter credit conditions for households and businesses are likely to weigh on economic activity, hiring, and inflation. The extent of these effects remains uncertain. The Committee remains highly attentive to inflation risks.
Released on:- September 20, 2023
By:- The Federal Reserve System
To read the entire document tap on the link:- https://www.federalreserve.gov/newsevents/pressreleases/monetary20230920a.htm
The FOMC has nullified any hopes of rate cuts in the medium-term, which also means an inverted yield curve over a longer horizon. The inversion in the yield curve does not bode well for the economy and keeps open the possibility of a sharp recession.
US Interest Rate
The Interest Rate in the United States is expected to be 5.50% by the end of this quarter.
European Consumer Price Index (CPI) YoY- July 2023
GDP of Mexico- 2023
Interest Rate- July 2023
The Mexico Interest Rate Data is released from January 2015- July 2023. You can refer to it here.
CPI Index- July 2023
The Mexico CPI Index Data is released from January 2015- July 2023. You can refer to it here.