AGZ News and Press, iShares Agency Bond From 03/15/24

2024-03-15 00:55:00 ET Summary The Final Demand version of the Producer Price Index rose 0.6% in February, and that was twice the amount the market expected to see. Monthly datapoints jump up and down quite a bit, but on balance, prices are going nowhere. In fact, the PPI is down ...

2024-03-14 02:00:00 ET Summary Despite widespread expectations of a recession, the macro backdrop in the U.S. has remained favorable to start 2024. In recent months, many company management teams reported that they feel their company – along with the economy as a whole ...

2024-03-14 00:05:00 ET Summary The Bureau of Labor Statistics announced the Consumer Price Index (CPI) increased 0.4 percent in February and 3.2 percent year-over-year, exceeding many economists’ predictions. Much of the increase is due to shelter and gasoline prices, which...

2024-03-13 12:30:00 ET Summary The Bank of Canada is reluctant to be a first mover on rate cuts and remains anxious about inflation, despite a loosening labor market. ECB President Christine Lagarde said the bank is making good progress toward its inflation target and is feeling m...

2024-03-13 08:15:00 ET Summary Monthly headline CPI rose in line with expectations (0.4%), while Core CPI topped expectations, rising 0.4% for the second straight month. Core goods CPI also turned positive after eight months of largely negative prints. On a six-month annualize...

2024-03-13 07:01:00 ET Summary Core services CPI - 61% of total CPI and infamous for historic head fakes - is approaching 6% annualized six-month average. The overall CPI has been pushed down by plunging energy prices and by dropping durable goods prices. The CPI for energy pr...

2024-03-13 06:15:00 ET Summary This analysis takes the BLS inflation data and recalculates the percentage changes at the category level to get unrounded numbers. After bottoming (inflation data according to BLS) in October of last year at 0.08%, the monthly number has moved back u...

2024-03-12 22:40:00 ET Summary Tuesday’s CPI report came in a touch hotter than expected at 3.2% on the headline and 3.8% on the core. Bonds sold off on the news as investors started to project the likelihood of later rate cuts. It’s worth keeping the big picture...

2024-03-12 21:30:00 ET Summary The latest Consumer Price Index (CPI) report showed that while inflation was more persistent than expected in February, the details paint a slightly more reassuring picture. Headline inflation increased 0.4% on a month-over-month basis, leading to a ...

2024-03-12 21:00:00 ET Summary "Hot CPI" read the headlines today, referring to the 0.4% rise in the February CPI and the 3.2% year-over-year change in the CPI. Inflation is running hot only if you think it makes sense to look at the year-over-year rise in nationwide housing price...