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The European Central Bank (ECB) announced significant rate cuts on Thursday in response to mounting concerns over economic slowdown in the Eurozone. The ECB lowered its key interest rates across the board, signaling a shift towards more accommodative monetary policy. The interest rate on the marginal lending facility was reduced …

According to the Minutes from the two-day session held on July 30-31, the vast majority of participants indicated it would likely be appropriate to ease policy at the next meeting if the data continued to align with expectations.Jerome Powell admits officials discussed a rate cut at July meeting The Fed …

The US Federal Reserve (Fed) announced on Wednesday that it left the policy rate, the federal funds rate, unchanged at the range of 5.25%-5.5% following the July policy meeting. This decision came in line with the market expectation. Federal Reserve officials were widely expected to leave their key interest rate unchanged …

Powell Cites “Actual Advancement” While Central Bankers Evaluate War Against Inflation. Christine Lagarde, the head of the European Central Bank, and Jerome H. Powell, the chair of the Federal Reserve, both sounded upbeat about recent inflation figures but emphasized the need for greater confidence before cutting interest rates. Over the …

The US Federal Reserve (Fed) announced on Wednesday that it left the policy rate, federal funds rate, unchanged at the range of 5.25%-5.5% following the June policy meeting. This decision came in line with the market expectation. Fed will release the revised Summary of Economic Projections (SEP), the so-called dot …

The U.S. economy defied expectations in May, adding a robust 272,000 jobs, significantly exceeding forecasts of 182,000. This surprisingly strong job growth, coupled with a 0.4% increase in average hourly earnings and a slight uptick in the unemployment rate to 4.0%, suggests that the labor market remains resilient and may …

At his press conference on Thursday, BoC’s Governor Tiff Macklem reiterated that decisions on interest rates will be on a meeting-by-meeting basis.The USD/CAD pair climbed to four-day tops past the 1.3700 mark as investors continue to assess the BoC’s rate decision, while Toronto stocks (TSX index) rose after the bank …

The number of job openings on the last business day of April stood at 8.059 million, the US Bureau of Labor Statistics (BLS) reported in the Job Openings and Labor Turnover Survey (JOLTS) on Tuesday. This reading followed the 8.35 million (revised from 8.48 million) openings reported in March and …

The latest data from the US Bureau of Labor Statistics revealed that the Producer Price Index (PPI) for final demand in the United States witnessed a 2.2% rise yearly in April. This figure closely follows March’s increase of 1.8% (revised from 2.1%), aligning precisely with market expectations. The annual core …

The latest report from the US Bureau of Labor Statistics (BLS) revealed that Nonfarm Payrolls (NFP) in the US increased by 175,000 in April. This figure marks a slight slowdown compared to the revised increase of 315,000 (originally reported as 303,000) recorded in March and fell short of the market’s …