US intial jobless claims tick down to 220k, vs exp 224k.US initial jobless claims fell -2k to 220k in the week ending March 8, slightly below expectation of 224k. Four-week moving average of initial claims rose 1.5k to 226k.
US PPI at 0.0% mom, 3.2% yoy in Feb, below expectations.US PPI for final demand as unchanged in February, coming in below expectations of 0.3% mom rise. The 0.3% mom increase in goods prices was offset by -0.2% mom decline in services.
US annual PPI inflation declines to 3.2% in February vs. 3.3% expected.The Producer Price Index (PPI) for final demand in the US rose 3.2% on a yearly basis in February, the data published by the US Bureau of Labor Statistics showed on Thursday. This reading followed the 3.7% increase recorded in January and came in below the market expectation of 3.3%.
US Febuary PPI final demand 0.0% versus 0.3% estimate. YoY 3.2% versus 3.3% estimate.Prior month 0.4% MoM prior month 3.5% YoY Final demand MoM 0.0% vs 0.3% estimate Final demand YoY 3.2% vs 3.3% estimate Ex food and energy MoM x.x% versus 0.3% estimate. Prior 0.3% Ex food and energy YoY x.x% vs.
Barclays now sees two Fed rate cuts this year.Amid recent developments, Barclays are now expecting the Fed to cut twice this year - once in June and another in September. It fits with the latest shift in market expectations since last month.