US: Resilient Productivity and Contained Labor Costs Support Disinflation
Nonfarm business labor productivity (output per hour) rose 1.4% at an annualized rate in the second quarter of 2026 and 2.2% from the same quarter a year earlier...
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US: Core PPI and Import Prices Reinforce Cost Pressures
Import prices fell 0.4% in July (after -0.3% in June) but are up 5.9% over 12 months. The monthly decline came from fuel (-7.2%, the largest since May...
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US – CPI: Inflation Is Not Rising, but Remains High and Far from Target
The Consumer Price Index (CPI) rose 0.1% in July (seasonally adjusted), after falling 0.4% in June, and decelerated to 3.4% over 12 months (from 3.5%). The core index...
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US: Productivity Reinforces the Profit Expansion Cycle
The productivity and labor cost indicators show a dynamic that is favorable for the Fed, in thatit is characterized by labor cost pressures that are virtually nonexistent from...
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Cost Pressures Persist
Although producer inflation eased in June as energy prices declined, underlying price pressures remain elevated. Rising import prices suggest that tariff-related cost increases continue to pass through supply...
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Inflation Eases, but Risks Remain
Consumer inflation slowed in June, reinforcing the U.S. disinflation trend. However, core inflation remains above target, suggesting the Federal Reserve is likely to keep interest rates unchanged for...
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Brazil – Credit: Non Performing Loans Likely To Rise Further
The stock of credit operations within the National Financial System (SFN) reached BRL 7.2 trillionin April, an increase of 9.3% over the past 12 months (against inflation of...
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US CPI: Now You See Me?
Consumer inflation over the 12 months through last April reached 3.8% in the United States, rising from 3.3% in March and 2.7% one year earlier. The increase was...
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Brazil – Credit: Government Concerned About Indebtedness… Of Others!
The Central Bank of Brazil released today the data on corporate and household indebtedness. Thestock of credit operations in the National Financial System (SFN) reached BRL 7.2 trillion...
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