New unemployment claims in US fell to a nine-month low last week, indicating that strong job growth per- sisted in October and the labor market remains tight. Weekly jobless claims decreased 13,000 to 198,000
November 3rd, 2023
2 min read
US CPI was higher than expected at 3.7% vs 3.6% due to higher shelter costs with main decliners in appar- el, medical and used vehicles. CPI rose 0.40% in Sep, slightly higher than the expected 0.30% forecast.
November 3rd, 2023
2 min read
Online sales this U.S. holiday season are expected to rise 4.8% YoY as retailers go all out on discounts to attract inflation hit customers. Amazon’s Prime Day event in Oct is expected to generate USD 8.1B in sales.
November 2nd, 2023
3 min read
Credit card delinquencies have risen from the pandemic low of 1.6% to 2.8% for the quarter in the US. De- spite persistent inflation, it remains well below the peak of 6.8% seen during the 2008 crisis.
November 2nd, 2023
2 min read
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