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Earnings season begins in a fragile context - April 14, 2023
Episode 167
Published 3 years, 6 months ago
Description
Data published yesterday seems to confirm that both inflation and the job market are cooling in the US. Jobless claims climbed to 239K from 228K the previous week, while producer prices unexpectedly fell to 2.7% year-on-year in March from 4.6% in February. This is viewed as a positive signal towards a more dovish monetary policy by the Fed. The underlying momentum remains relatively fragile as earnings season starts.
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