About the Video
Weekly stock market analysis – US CPI and PPI report, US Retail Sales Report and more.
🔴 𝗦𝘁𝗮𝗿𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗜𝗕𝗞𝗥 ➡️ Click Here
⬇️Timestamps:
0:00 → Economic Updates
1:20 → US CPI Report
3:03 → US PPI Report
4:08 → US Retail Sales Report
5:30 → Upcoming Important Dates
The US Consumer Price Index (CPI) increased 0.1% from July, after no change in the prior month. From a year earlier, prices climbed 8.3%, a slight deceleration, largely due to recent declines in gasoline prices. The Core CPI, which strips out the more volatile food and energy components, advanced 0.6% from July and 6.3% from a year ago, the first acceleration in six months on an annual basis. All measures came in above forecasts. Shelter, food and medical care were among the largest contributors to price growth. The acceleration in inflation points to a stubbornly high cost of living for Americans, despite some relief at the gas pump. Price pressures are still historically elevated and widespread, pointing to a long road ahead toward the Fed’s inflation target.
The producer price index for final demand decreased 0.1% from a month earlier and increased 8.7% from a year ago. Excluding the volatile food and energy components, the so-called core PPI climbed a larger-than-forecast 0.4% in August and was up 7.3% from a year earlier.
Retail sales in the US unexpectedly rose in August after declining a month earlier, as consumer demand for goods broadly held up but showed signs of moderating amid historic inflation. The value of overall retail purchases increased 0.3% last month after a downwardly revised 0.4% drop in July. Excluding gasoline, retail sales were up 0.8%. 8 of 13 retail categories grew last month, according to the report, including a surge in sales at auto dealers. Purchases at furniture stores, health and personal care stores and nonstore retailers declined. The value of sales at gas stations slumped again, reflecting cheaper fuel prices.
The spread between the yields on the 10-year and 2-year Treasury notes has been inverted for more than a month, and is now standing at -0.42%. An inverted yield curve has historically been a reliable indicator of a coming recession, coming most recently before downturns in 1990, 2001, and 2008. While brief inversions typically don’t predict a downturn, ones that last beyond a momentary flashing can have stronger predictive power.
Follow Ziet
Disclaimer: The content on this channel is for educational purposes only and merely cites my own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary.
