Market in Review 3/14/2024
MARKET REPORT
Review:
– US PPI rises most since August. Exp +0.3% Act +0.6%
– Energy and food primary drivers
– Core rate (Ex Food and Energy) Exp +0.2% Act +0.3% ALTHOUGH Prev +0.5%
– YoY +1.6% from Jan +0.9% surpassing Exp +1.1%
– US Retail Sales Exp +0.8% Act +0.6%
– Jan upwardly revised (ie lower) to -1.1% fall
– IE STRONGER THAN EXP PRODUCER PRICES AND WEAKER SPENDING
– US Jobless Exp -218k Act -209k
– Atlanta Fed GDP Now cut