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06.04.26 - 18:48
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Leftist Economist Mello Gets Planning Job, Not Central Bank Post (Bloomberg)
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Brazil's new Planning Minister Bruno Moretti will name leftist economist Guilherme Mello as his deputy, removing him from contention for a seat on the central bank's board and advancing a shakeup of the federal government's economic team ahead of elections, according to a person familiar with the matter....
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06.04.26 - 17:12
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Key Events This Week: CPI, PCE, Durable, FOMC Minutes And More (ZeroHedge)
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Key Events This Week: CPI, PCE, Durable, FOMC Minutes And More
In addition to Iran war developments, this week's economic calendar will focus on the inflation side of the Fed's dual mandate following a solid March employment report. The key data releases this week are the February durable goods report on Tuesday, the February PCE report on Thursday, and the March CPI report on Friday. Fed Vice Chair Philip Jefferson will deliver a speech on the economic outlook on Tuesday. The minutes to the FOMC's March meeting will be released on Wednesday.
Briefly recapping the latest employment data, both headline (+178k vs. -133k) and private (+186 vs. -129k) payrolls far exceeded consensus expectations. To be sure, the rebound from strike- and weather-related weakness in February payrolls was somewhat less impressive due to the downtick in average hourly earnings (+0.2% vs. +0.4%) and hours worked (34.2hrs vs. 34.3hrs). The same can be said of the surprise decline in the unemployment rate (4.26% ...
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