Category: Trimmed

  • Dallas Fed trimmed mean PCE price index for July 1.7% versus 1.8% in June

    Average 12-month reduction was 2.7% versus 2.8% previously. Looking at the data, we see some notable changes: Eggs: a massive 90.9% increase (1-month annual change) Window coverings: significant decrease of -27.3% Used Cars: Huge drop of -25.2% Jewelry: Significant decrease of -20.4% Natural Gas: Down -7.7% Physician services: slight decrease…

  • Fed Held Rates As Expected, Trimmed Potential Cuts from Three Down to One this Year

    The Federal Open Market Committee (FOMC) maintained the target range for the federal funds rate at 5.25-5.50% as expected in its last announcement. Their official statement acknowledged this “There has been modest additional progress towards the committee’s 2% inflation target.” In recent months, which has been more optimistic compared to…

  • Why Kenya trimmed appetite for IMF debt

    Kenya has cut its planned borrowing from the International Monetary Fund by 7.2 percent to 465.4 billion shillings ($3.6 billion) after a partial repayment of its first eurobond spooked global investors. This comes weeks after the size of the country’s budget support from the World Bank was reduced by 20…