Research Reports

Research Reports

MLCC Market Bulletin_20240723

Last Modified

2024-07-23

Update Frequency

Aperiodically

Format

PDF

Overview

Recent US economic data for the second quarter show a slowdown in domestic economic activities. Retail sales in May only rose by 0.1% MoM, lower than the previously expected growth rate of 0.2%. Also, non-farm employment increased by just 206,000, a drop from May’s 272,000. With the economic slowdown, inflation is gradually cooling down as well. The CPI for June in the US showed a YoY increase of 3%, while the Core CPI went up by 3.3% YoY, both lower than expected. Hence, hopes have been reignited for a rate cut in the second half of the year...