CNN (March 7)
“February was 1.77 degrees Celsius warmer than the average February in pre-industrial times… and it capped off the hottest 12-month period in recorded history, at 1.56 degrees above pre-industrial levels.” The recent data from the EU’s Copernicus climate monitoring service also confirmed that February was “the ninth month in a row that global records tumbled” and “global ocean temperatures were also off the charts,” especially the North Atlantic, which “has set a new daily temperature record every day since March 5 last year.”
Tags: 1.77 degrees, Climate, Copernicus, EU’s, February, Global records, History, Hottest, North Atlantic, Ocean temperatures, Pre-industrial times, Warmer
Bloomberg (March 2)
“European Central Bank officials confronting faster-than-expected inflation might also wonder if this is just the last stumble before their 2% target looms large. While the 2.6% outcome for February released on Friday — and a still-stubborn 3.1% result for the so-called core measure — present grounds for caution, the downward momentum in consumer prices is getting harder to ignore.”
Tags: 2% target, Caution, Consumer, Core measure, Downward, ECB, February, Inflation, Momentum, Outcome, Prices, Stumble
Investment Week (March 23)
“The UK’s higher than expected inflation results forced the Bank of England to prioritise bringing it down, rather than focusing on the fractures of the banking sector.” In February, “UK inflation hit 10.4%…an unexpected increase that followed three months of consecutive declines.”
Tags: 10.4%, Banking sector, BOE, Declines, February, Fractures, Increase, Inflation, Prioritize, UK, Unexpected
Morningstar (June 3)
“Job and wage growth” finally appear to be “moderating, and that’s good news.” This can get hidden by monthly volatility. However, the three-month rolling average of job gains “stood at a lofty 602,000” in February. “It’s now 408,000.” The economy looks to be “shifting to a steadier, healthier pace of growth.”
Tags: Economy, February, Growth, Healthier, Job, Job gains, Moderating, Rolling average, Steadier, Volatility, Wage growth
San Francisco Chronicle (March 3)
“COVID-19 remains a deadly disease—but it took fewer lives in February than it did the month before. The virus claimed 11,286 Californians in February, a shocking figure that is nevertheless 25% lower than the 14,953 COVID deaths in January.”
Tags: Californians, COVID-19, Deadly disease, Deaths, February, January, Lower, Shocking, Virus
Institutional Investor (March 2)
“Some hedge funds do hedge after all. In the face of one of the sharpest weekly selloffs in recent decades, a slew of funds wound up making money in February. As a result, they remain in the black for the year to date.”
Tags: February, Hedge funds Hedge, Making money, Selloffs
Reuters (April 6)
On top of February’s big drop in household spending, down 0.9% from a year earlier, “separate data showed wages fell for the third straight month in February, reinforcing the view the Bank of Japan’s 2 percent inflation target will remain a distant goal and keep the bank from dialing back stimulus any time soon.”
Tags: BOJ, Data, February, Household spending, Inflation target, Stimulus, Wages
Time (March 17)
“Global temperatures in February were the most above average since weather record keeping began nearly 150 years ago, bringing the world the closest it has ever been to what scientists consider dangerous levels of warming.” As if that’s not enough bad news, “climate scientists have already predicted that 2016 will trump last year as the warmest on record.”
Tags: Climate, Dangerous levels, February, Global warming, Records, Scientists, Temperatures, Weather