Breaking News

There were 207,000 initial claims for unemployment benefits in the US during the week ending January 1, data published by the US Department of Labor (DoL) revealed on Thursday. This reading followed last week’s print of 200,000 (which was revised up from 198,000) and came in slightly above consensus market …

The minutes of the 14-15 December FOMC meeting, released on Wednesday, said most participants judged conditions for rate hike could be met soon. According to FOMC Minutes, recent high levels of inflation will raise the public’s longer-term inflation expectations to levels higher than those consistent with the committee’s longer-run inflation …

The Organization of the Petroleum Exporting Countries and its allies agreed to revive more of the suspended production as the prospects for global oil markets improve, amid expectations that demand will be able to withstand the repercussions of the new Coronavirus mutant. Delegates said the 23-nation coalition led by Saudi …

There were 205,000 initial claims for unemployment benefits in the US during the week ending December 18, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading matched the market consensus.

Inflation in the US, as measured by the Personal Consumption Expenditures (PCE) Price Index, rose to 4.7% YoY in November, the US Bureau of Economic Analysis reported on Thursday. That was above the consensus forecast for an inflation rate of 4.5% and marked a substantial acceleration from October’s inflation rate …

According to a report released by the Statistics Canada on Tuesday, Canadian Retail Sales rose 1.6% MoM in October, more than the expected 1.0% rise and a sharp acceleration from September’s 0.6% MoM decline. To be updated…

There were 206,000 initial claims for unemployment benefits in the US during the week ending December 11, data published by the US Department of Labor (DoL) revealed on Thursday. This reading followed last week’s print of 188K (revised up from 184K), which was the lowest reading since 1969, and came …

The European Central Bank announced on Thursday that its Deposit Facility Rate would be left unchanged at -0.50%, as unanimously expected by analysts and market participants. The bank said that progress on the economic recovery and towards its medium-term inflation target permits a step-by-step reduction in the pace of its …

The Bank of England announced on Thursday that it would hike its benchmark interest rate by 15bps at 0.25%. Leading up to the meeting, markets had been pricing a roughly 60% chance of a hike, with these odds rising in wake of Wednesday’s hotter than expected UK November Consumer Price …

The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it lowered its policy (one-week repo) rate by 100 basis points to 14% from 15%. This decision came in line with the market expectation. The Turkish lira fell against the US dollar to a record low this …