India's consumer price index rose 0.71% in November from a year earlier https://t.co/tK4ZNRQyK5 ...

China’s consumer price growth edged up in November, in a further sign that deflation is easing even as downward pressures on costs remain widespread https://t.co/SqiBN0Da2n ...

Economic Overview - Canada's GDP increased in September, allowing the country to avoid a technical recession despite ongoing trade war and tariff uncertainties [2][8] - The unemployment rate fell slightly in October, marking the first drop in three months, but remains around 7%, the highest in four years [3][8] Consumer Behavior - Average household spending per capita fell by 0.2% from July to September, with 41% of Canadians planning to spend less during the holidays compared to last year [5][10] - Consumer confidence has been at historic lows throughout the year, reflecting concerns about the overall economy and job market [2][8] Price Trends - The Consumer Price Index for October showed an average price increase of 2.2% compared to the same period in 2022, with food prices rising by 3.4% [7][8] - Despite some positive economic indicators, consumers are facing higher prices than the previous year, leading to increased precautionary savings [9][10] Economic Sentiment - Experts suggest that while macroeconomic indicators may show growth, individual experiences can vary significantly, with many feeling economically strained [6][11] - The Bank of Canada noted the cautious consumer sentiment, attributing it to concerns about job security and economic stability [10][11]

Core Insights - The IRS has updated tax brackets for 2026, which is significant for all U.S. taxpayers despite the recent government shutdown and furlough of IRS employees [1][2]. Tax Bracket Adjustments - The IRS has increased tax brackets by approximately 2.7% for 2026, which is a modest adjustment compared to the 7% increase in 2023 and 5.4% in 2024 due to inflation [4]. - The upper limit of the lowest tax bracket (10%) has risen from $11,925 in 2025 to $12,400 in 2026, reflecting a 3.9% increase [5]. - The threshold for the top marginal tax rate (37%) has increased from $626,351 to $640,601, marking a smaller increase of 2.3% [5]. New Income Tax Brackets for Individuals - The updated income tax brackets for individual filers are as follows: - 10%: $0—$12,400 - 12%: $12,401—$50,400 - 22%: $50,401—$105,700 - 24%: $105,701—$201,775 - 32%: $201,776—$256,225 - 35%: $256,225—$640,600 - 37%: $640,601 and up [7]. New Income Tax Brackets for Married Couples Filing Jointly - The updated income tax brackets for married couples filing jointly are as follows: - 10%: $0—$24,800 (up from $23,850 in 2025, a 3.9% increase) - 12%: $24,801—$100,800 - 22%: $100,801—$211,100 - 24%: $211,401—$403,550 - 32%: $403,551—$512,450 - 35%: $512,451—$768,700 - 37%: $768,701 and up (up from $751,601, a 2.3% increase) [8].

Investment Rating - The report indicates a bullish sentiment with a BofA Bull & Bear Indicator reading of 6.3, suggesting a neutral market outlook [67][68]. Core Insights - The report highlights a record year of inflows into equity ETFs amounting to $1.3 trillion, alongside significant inflows into investment-grade bonds ($430 billion) and technology sectors ($72 billion) [11][24]. - The financial conditions are described as peaking, which correlates with trough credit spreads, indicating a potential risk in financing for AI capital expenditures [3][15]. - The report anticipates a macroeconomic environment characterized by lower rates and higher profits, with expectations of a PMI acceleration benefiting commodities and small-cap stocks [18][15]. Summary by Sections Market Flows - Weekly inflows included $18.7 billion to bonds and $18.3 billion to stocks, with notable inflows into gold ($2.9 billion) and a small amount into cryptocurrencies [11][45]. - The report notes that private clients have allocated $4.2 trillion in assets under management, with 64.6% in stocks and 18.0% in bonds, reflecting a strong preference for growth and staples ETFs [13][51]. Financial Conditions - The report discusses the disparity in borrowing costs, with the US government borrowing at 4% and mortgages exceeding 6%, indicating a challenging environment for consumers and small businesses [2][20]. - It emphasizes that the easing of financial conditions has been significant, with 167 rate cuts in the past year, although a slowdown in rate cut momentum is expected [15][28]. Sector Performance - The report identifies that US equities have seen an inflow of $134 billion, marking the second-largest inflow year ever, while small-cap stocks have underperformed significantly [16][26]. - Inflows into healthcare reached their highest since January 2021, while energy sectors also experienced notable inflows [16][47]. Economic Indicators - The report predicts that the PMI is likely to head toward 55, driven by tax cuts and industrial policy aimed at reshoring, which could benefit international markets [18][15]. - A contrarian trade is suggested, anticipating a CPI drop to 2%, which would favor long-duration Treasuries and sectors focused on affordability [19][15].

Reports on unemployment and the consumer price index for October are unlikely to be released due to the government shutdown, White House Press Secretary Karoline Leavitt said https://t.co/ggNruSwpIh ...

Core Insights - The controversy surrounding Thanksgiving dinner pricing highlights the complexities of measuring inflation, emphasizing the use of broad-based indexes over individual prices [1][2][5] - Walmart's Thanksgiving meal deal, priced under $4 per person, is the lowest since 2021, but comparisons to previous years are complicated by changes in the number of items included [1][3][5] - President Trump leveraged Walmart's pricing to argue that his administration's policies reduced living costs, contrasting with criticisms of the current administration's economic management [1][3][5] Economic Implications - Experts advocate for broad-based consumer price indexes to provide a clearer picture of living costs, rather than focusing on individual item prices [2][7] - The Consumer Price Index (CPI) is up 3% over the past year, with grocery prices specifically rising by 2.7%, which is above the Federal Reserve's target of 2% inflation [8] Political Context - Trump's assertion that Thanksgiving dinner costs 25% less than the previous year has been challenged by fact-checkers, noting that the meal deal's composition has changed significantly [3][5] - The White House supported its economic narrative with data from DoorDash, indicating a 14% decrease in a breakfast basics index since March, although the overall index was only down 1.7% over the past year [6][8]

Trade Performance - Vietnam's October exports totaled $42.05 billion, a 17.5% year-over-year increase [1] - Rice exports decreased by 56.2% year-over-year to 344,000 tonnes [1] - Coffee exports for the first 10 months increased by 13.4% year-over-year to 1.3 million tonnes [1] - October imports increased by 16.8% year-over-year [1] Economic Indicators - Industrial production index increased by 10.8% year-over-year [1] - Consumer prices increased by 3.25% year-over-year [1]

RT St. Louis Fed (@stlouisfed)The consumer price index tracks the prices of rent, insurance, imports and administrative fees, among other things. The producer price index tracks exports, government purchases, business investments and intermediate goods. Check the FRED Blog for more https://t.co/HfmiyMSLIS https://t.co/RNEXA4GwkE ...

In this less dynamic and somewhat softer labor market, the downside risks to employment appear to have risen in recent months. Inflation has eased significantly from its highs in mid 2022, but remain somewhat elevated relative to our 2% longerrun goal. Estimates based on the consumer price index suggest that total PCE prices rose 2.8% 8% over the 12 months ending in September and that excluding the volatile food and energy categories, core PCE prices rose 2.8% as well.These readings are higher than earlier ...