Stay Informed and Stay Ahead: Economic Information, February 16th, 2024.
Market Data: Economic Reports
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Economic Data: Today’s key economic data reveals a 0.3% month-over-month increase in PPI, with a 0.9% rise on an annual basis. Services costs saw significant growth, the highest since July. Core PPI year-over-year is up by 2.6%, in line with expectations. Consumer sentiment remains consistent with estimates, while housing starts and building permits show softness.
Vica’s Interest Rate Forecast:
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Rate Cut: Anticipate a rate cut of 0.25 to 0.50 no later than May/June, potentially as early as April.
