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Aug 24, 2021 · Singapore - July core CPI rises amidst less dovish outlook. SGD: Singapore’s July 2021 core CPI comes in line with expectations at 1% YoY (Citi/Consensus: 1%, Jun: 0.6%) while headline CPI remains elevated at 2.5% YoY (Consensus: 2.5%, Jun: 2.4%).
Feb 21, 2022 · SGD: Singapore’s budget 2022 measures released last week could help drive Singapore’s core CPI inflation above 2% to between 2-3.5% into 2024 and to 3% as soon as March or April 2022, sooner than MAS’s updated January forecast for core CPI to reach 3% only by mid-2022.
Innovative technologies and shifts in economic power are creating great new wealth, but also fresh risks and uncertainties. Importantly, the global economy seems to be normalizing and seeing renewed growth after the shocks of recent years. Read more about Citi's views for the rest of 2024 and beyond.
Bank of Japan’s QT decision pushed back to July, rate hike now unlikely in July. JPY: Friday’s BoJ board meeting leaves the target range for short-term rates unchanged but also pushes back the timeline on reducing its asset purchases to the next meeting in July where it would collect views from market participants and then decide on a detailed plan for reduction during the next one to two ...
Jun 29, 2022 · Posted on Jun 29, 2022. COVID caused an unexpected boom for housing in the United States. New and existing home sales reached their highest levels since 2000 in units in and on a per-capita basis during the pandemic. COVID also instigated a huge migration across the US.
Jun 10, 2024 · A solid US May nonfarm payrolls defies almost all leading indicators on jobs. USD: Friday’s US May nonfarm payrolls report shows establishment survey payrolls at a stronger than expected 272k jobs in May, well above consensus for 175k and Citi Research’s 140k. However, the more volatile household survey is much weaker with employment down 483k on the month.
Apr 27, 2022 · Default risk may be pronounced in cases where the MBS security is secured by, or evidencing an interest in, a relatively small or less diverse pool of underlying mortgage loans. MBS are also sensitive to interest rate changes which can negatively impact the market value of the security.
3 days ago · Barring an economic catastrophe, the Fed will not bring rates back to zero. But there is good space to cut from 5.25%-5.5% – the current policy range – and what the Fed views as “longer-term normal.”. With an update, the Fed’s new projection of this is 2.8%. We sense this estimate is still a bit too low.
The long and winding career. Across the developed world, the workforce now comes in fifty shades of grey. Since 2008 the average labour-force participation rate of 55- to 64-year-olds in OECD countries has risen by eight percentage points.
Oct 9, 2023 · USD: Markets and economists had been anticipating a deceleration of employment from the previously reported 187K in August, instead the actual figure was nearly double the consensus estimate at 336K, with substantial positive revisions to July and August totaling 119K meaning the three-month moving average is now 266k.
