[Macro trace] the United States in February 2020

Economic Growth:

Consumption, the end of December, the core personal consumption expenditures gained more substantial growth, the growth rate increased from 2.5 to 3.4 percent:

Private non-residential fixed investment slowly with the number of orders for durable goods fell, the decline was 3.6%. This is the United States since August 2019, a continuous decline in the first five months.

Private residential investment has achieved substantial growth in the magnitude of 40%, coupled with sustained gains before the correction, driven by the rise of private residential fixed investment promotion.

GDP components:

employment status

Based on observations of the number of initial claims for unemployment benefits, the unemployment rate continued to trend lower, expected in February the unemployment rate will reach 3.3% of 5-year historical lows, new non-farm employment is expected to increase.

Price level

The CPI volatile energy prices, with crude oil price increase, a significant upward CPI, CPI level of 2.48% in January, February CPI level of 2.42%.

PCE Price Index:

PPI to maintain negative growth, but there are positive trends:

Monetary policy and the fixed income market

Fed's target rate:

Money and credit growth:

Capital market price level:

Ten-year bond yields:

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Origin www.cnblogs.com/teaforinvestors/p/12306559.html