Research Reports

Research Reports

MLCC Market Bulletin_20240827

Last Modified

2024-08-27

Update Frequency

Aperiodically

Format

PDF

Overview

In July, US economic data delivered three positive outcomes. The YoY growth rate of the US CPI dropped to 2.9%, marking its first dip below 3% since March 2021. Initial jobless claims in the US also fell to 227,000. Moreover, retail sales in the US for July saw a 1% MoM increase, the highest since January 2023. Inflation is on a cooling trajectory, and the US job market, along with consumer spending, continues to show resilience. This alleviates market concerns about the economy entering a “Sahm Rule” recession cycle and paves the way for the Federal Reserve to potentially cut interest rates soon...