Strong growth in renewable energy provided an important offset to China’s property woes last year. At the same time, US officials have warned China that Washington and its allies will…
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The core services ex-energy & shelter CPI climbed 0.70% m/m in January, the largest m/m gain since September 2022. On a 3- & 6-month annualised basis, this measure of core…
The average 3-month change in payrolls firmed to 289k, the largest such increase since March last year. Even a softer February print – some payback for January’s exceptional number –…
Last week’s GDP report was, on the face of it, good for stocks: the US economy is exhibiting robust non-inflationary growth. The 3-month annualised rate for the core consumption deflator…
A big tailwind for the US economy last year came from non-residential construction investment. There is every reason to believe the IRA will set a floor for US growth again…
