{"id":5914,"date":"2023-09-15T03:24:36","date_gmt":"2023-09-15T03:24:36","guid":{"rendered":"https:\/\/www.umtradings.com\/?p=4711"},"modified":"2023-11-14T02:16:27","modified_gmt":"2023-11-14T02:16:27","slug":"data-revealing-the-solid-u-s-economy-before-fed-meeting","status":"publish","type":"post","link":"https:\/\/www.umtradings.com\/de\/data-revealing-the-solid-u-s-economy-before-fed-meeting\/","title":{"rendered":"Data Revealing the Solid U.S. Economy Before Fed Meeting\u00a0"},"content":{"rendered":"<div class=\"wp-block-post-date has-text-color has-black-color\"><a href=\"https:\/\/www.umtradings.com\/de\/data-revealing-the-solid-u-s-economy-before-fed-meeting\/\"><time datetime=\"2023-09-15T03:24:36+00:00\">September 15, 2023<\/time><\/a><\/div>\n\n\n<h1 class=\"wp-block-heading has-black-color has-text-color\"><strong>Unveiling the Robust U.S. Economic Landscape Ahead of the Federal Reserve Meeting<\/strong><\/h1>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">The Bureau of Labor Statistics released three statistical reports on September 14:&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>1. Retail sales&nbsp;<\/strong><\/h2>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">U.S. retail sales in August increased by 0.1% on a monthly basis higher than market expectations, and the annual growth rate increased from 2.6% to 2.5%. Retail sales in August were mainly driven by the sharp increase in gas station sales mom from 0.1% to 5.2%, reflecting the rebound in oil prices. <\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Other categories also generally showed positive growth, with more significant increases including automobiles and parts from -0.4% to 0.3%, electronics Supplies -1.1%\u21920.7%, and dining out and catering 0.8%\u21920.3% showed a slowdown. <\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Overall, retail sales in August were partly due to the recovery in gasoline prices, but retail sales excluding automobiles and gasoline were also higher than market expectations. (0.2% vs. 0.1%), the control group dropped from 0.7% to 0.1%, which was still better than the market expectation of -0.1%, highlighting that the US consumer market is still strong.&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.umtradings.com\/wp-content\/uploads\/2023\/09\/1-9.png\" alt=\"\" class=\"wp-image-4715\"\/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center has-small-font-size wp-block-paragraph\"><em>(Retail Sales data, BLS)&nbsp;<\/em><\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\"\/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>2. Initial jobless claims&nbsp;<\/strong><\/h2>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Last week, the number of initial claims for unemployment benefits increased by 3,000 from 217,000 to 220,000, lower than the expected 225,000. <\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">The number of continuing claims for unemployment benefits in the previous week increased by 4,000 from 1.684 million to 1.688 million, which was lower than the market estimate of 1.69 million people, showing that the job market is cooling more slowly than expected.&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.umtradings.com\/wp-content\/uploads\/2023\/09\/2-8.png\" alt=\"\" class=\"wp-image-4716\"\/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center has-small-font-size wp-block-paragraph\"><em>(Initial Jobless Claims, BLS)&nbsp;<\/em><\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\"\/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>3. PPI&nbsp;(Producer Price Index)<\/strong><\/h2>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">The August producer price index (PPI) increased by 1.6% year-on-year, higher than market expectations of 1.2% and the previous value of 0.8%, growing for the second consecutive month.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Excluding volatile food and energy prices, the August core PPI rose by 2.2% YoY, in line with market expectations and lower than the previous value of 2.4%. <\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">The growth of PPI in August was mainly driven by rising energy and transportation costs.&nbsp;&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.umtradings.com\/wp-content\/uploads\/2023\/09\/3-6.png\" alt=\"\" class=\"wp-image-4717\"\/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center has-small-font-size wp-block-paragraph\"><em>(Core PPI, BLS)&nbsp;<\/em><\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"has-small-font-size wp-block-paragraph\"><strong><em>Disclaimer&nbsp;&nbsp;<\/em><\/strong><\/p>\n\n\n\n<p class=\"has-small-font-size wp-block-paragraph\"><em>Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.&nbsp;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Unveiling the Robust U.S. Economic Landscape Ahead of the Federal Reserve Meeting The Bureau of Labor Statistics released three statistical reports on September 14:&nbsp; 1. Retail sales&nbsp; U.S. retail sales in August increased by 0.1% on a monthly basis higher than market expectations, and the annual growth rate increased from 2.6% to 2.5%. Retail sales [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":5929,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[126,127],"tags":[69],"class_list":["post-5914","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market_news","category-latest","tag-us-bureau-of-labor-statistics"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.umtradings.com\/de\/wp-json\/wp\/v2\/posts\/5914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.umtradings.com\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.umtradings.com\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/de\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/de\/wp-json\/wp\/v2\/comments?post=5914"}],"version-history":[{"count":0,"href":"https:\/\/www.umtradings.com\/de\/wp-json\/wp\/v2\/posts\/5914\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/de\/wp-json\/wp\/v2\/media\/5929"}],"wp:attachment":[{"href":"https:\/\/www.umtradings.com\/de\/wp-json\/wp\/v2\/media?parent=5914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.umtradings.com\/de\/wp-json\/wp\/v2\/categories?post=5914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.umtradings.com\/de\/wp-json\/wp\/v2\/tags?post=5914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}