CEIC Insights | Fed's Cautious Stance, Brazil Inflation and Mexico's Manufacturing Surge
Key analysis from the past seven days driven by CEIC's powerful blend of traditional and alternative economic data
Data stories of the week:
US Fed is Right to Wait; the Labour Market is Not (Yet) Cooling Down
The labour market in the United States is not exhibiting any clear signs of cooling yet. On the contrary: weekly job postings have been on an upward trend since late September 2023, albeit with a few brief declines. In the week of February 26th, new job postings, as sourced by Revelio Labs, stood at 2.4 million, up 33% from the all-time low of 1.8 million in late September. Coupled with the accelerated wage growth in January (4.5% y/y vs 4.3% y/y in December), the hiring revival is yet another signal to the Federal Reserve that it should wait before cutting interest rates.
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CEIC Nowcast: Brazil's February Inflation Sees Modest Rise, Breaking Five-Month Downtrend
Brazil's consumer inflation likely took a slight uptick to 4.6% y/y in February, up from the 4.5% pace in January, according to CEIC's inflation nowcast ahead of the official data release on March 12. This would mark the end of a five-month slowdown streak, challenging the central bank's dovish stance.
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领英推荐
Manufacturing in Mexico Thrives in Early 2024 on the Back of Nearshoring Boom
Mexico's manufacturing sector has had a strong start to 2024. The confidence index surpassed a 10-year high, while purchasing managers' indices (PMIs) and expectations indicators improved in February. This robust performance was supported by nearshoring from the United States. Nearshoring has been a key source of foreign direct investment in Mexico, with manufacturing being the key beneficiary.
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Other News from ISI Emerging Markets Group
WEBINAR: Ukraine's Sovereign Debt Restructuring: Bondholder Insights and Strategies - Friday 15 March
Join REDD Intelligence, CEIC's sister company for a webinar on Ukraine's financial landscape, focusing on its significant sovereign debt restructuring this year. This event will feature key Ukraine bondholders, including Alex Garrard from Amia Capital and Timothy Ash from RBC BlueBay Asset Management, with moderation by Yulianna Vilkos of REDD CEEMEA.
WEBINAR: Unlocking India's Economic Secrets with Alternative Data - Thursday 21 March
As India ascends to become the world's fourth-largest capital market, the intricacies of its economic environment present unique challenges for institutional investors and economists alike. The limitations of conventional data sources in capturing the full spectrum of India's economic activity necessitate a more nuanced approach to analysis.?Join us for webinar focused on the transformative impact of alternative data in clarifying the complexities of India's economic landscape.?
Disclaimer: All opinions expressed in this blog belong to the guest contributors and do not reflect the views of ISI Emerging Markets Group or CEIC. All written and electronic communication from ISI Emerging Markets Group and CEIC is for information or marketing purposes only and does not constitute or qualify as substantive research.