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How is this not the ONLY thing people are talking about today? The trend in weekly same store sales is F-ugly! And remember, this is NOMINAL. (The picture is even f-uglier in the context of soaring credit card borrowing).
🇺🇸 #Housing #Inflation | Renters Are About to Get the Upper Hand - WSJ
*New-lease #rents are poised to fall on an annual basis for only the second time since 2008 financial crisis
📺 Mon passage dans #SmartBourse (by @B_SMART_TV), en compagnie de Thierry Le Clercq et de @Eric_Venet, animé par @GregoireFavet | 🇺🇸 #Inflation, #Fed, etc.
🇺🇸 The two key contributors were "shelter" and "used cars & trucks" adding respectively 0.19ppt and 0.12ppt to the headline.
*Proxies (market #rents and Manheim index) point to downward pressures in the coming months.
Christophe Barraud🛢🐳
🇺🇸 *US MAY CONSUMER PRICES INCREASE 0.1% M/M; EST. 0.1% - BBG
*US MAY CONSUMER PRICES RISE 4.0% Y/Y; EST. 4.1%
*US MAY CPI EX FOOD & ENERGY RISES 0.4% M/M; EST. +0.4%
*US MAY CORE CONSUMER PRICES RISE 5.3% Y/Y%; EST. 5.2%
🇺🇸 *US MAY CONSUMER PRICES INCREASE 0.1% M/M; EST. 0.1% - BBG
*US MAY CONSUMER PRICES RISE 4.0% Y/Y; EST. 4.1%
*US MAY CPI EX FOOD & ENERGY RISES 0.4% M/M; EST. +0.4%
*US MAY CORE CONSUMER PRICES RISE 5.3% Y/Y%; EST. 5.2%
📺 Mon passage sur @bfmbusiness dans Good Morning Business | 🇺🇸 🇪🇺 Le grand débat : Banques Centrales, la pause s'impose
*Une émission animée par @LaureClosier et @chrisjaku
🇪🇺 A small majority of investors now expects a #recession in #Europe, while 73% see European #stocks falling in the coming months in response to monetary tightening, according to Bank of America’s European fund manager survey - Bloomberg