Fed Terminal Rate has climbed 50bps year-to-date and keeps rising
This is the chart that is rattling the markets: Fed Terminal Rate has climbed 50bps year-to-date and keeps rising!
German Food CPI jumped 20.2% YoY in January
Supermarket inflation remains elevated in Gernmany. Food CPI jumped 20.2% YoY in January. Following the rebalancing of the basket of goods by German Statistics Office, food now has a higher weight in inflation rate. Share rose by 2ppts from 8.5% to 10.5%. Source: HolgerZ, Bloomberg
Japan’s Key Yield Rises Above 0.5% BOJ Ceiling for Second Day
Source: Bloomberg
China ramps up cash injection to prevent funding stress
The People’s Bank of China offered 835 billion yuan ($121 billion) of cash via seven-day reverse repurchase contracts on Friday, resulting in an injection of 632 billion yuan on a net basis. That’s the largest one-day addition on record in data going back to 2004 - Sources: C.Barraud, Bloomberg
14 economic indicators reported this week related to the US consumer and prices. 12 of them came in above expectations.
Source: Tavi Costa, Crescat Capital
Valentine's inflation
Source: Statista
The shelter component of US CPI just had its highest 2-month increase in 33 years
Sourc: Bloomberg, Tavi Costa, Crescat Capital
A mixed US CPI report
January US CPI was inline with Street estimates on MoM basis, coming in +0.5% for the headline number and +0.4% for the core. On YoY basis, things ran bit hot, coming in +6.4% headline (down from +6.5% in December but ahead of Street estimates at +6.2%) and +5.6% for the core (down from +5.7% but ahead of St’s +5.5%. Source: Bloomberg, HolgerZ
