Tag Archives: economic recovery

San Francisco Fed chair and FOMC member Mary Daly on Wednesday said that it is now time to move away from the Fed’s extraordinary support for the US economy. Daly has added that interest rates will be moving up this year to a level more consistent with where the economy …

Data released on Wednesday showed Eurozone’s Inflation came in at 5.1% in January, on a yearly basis, according to Eurostat. Core figures rose by 2.3%, matching the 2.3% consensus forecasts. Analysts at Danske Bank revise their 2022 forecast for HICP (inflation) and core inflation to 4.7% and 2.4%, respectively, due …

According to the latest Consumer Confidence survey conducted by the US Conference Board, US Consumer Confidence fell to 110.5 in February from 111.1 in January. That was a smaller drop than the expected decline to 110.0. The Present Situation Index rose to 145.1 from 144.5 last month, while the Consumer …

US retail sales increased to a fresh record high in 10 months in January, lifting the level of sales to a record high amid a surge in purchases of motor vehicles and other goods, but higher prices could limit the boost to economic growth this quarter.The report from the Commerce …

The immigration system has helped shape Canada into the country it is today – one that is prosperous, diverse, and welcoming to those in need. Newcomers enrich and better local communities, and they work every day to create jobs, care for our loved ones, and support local businesses.Throughout the pandemic, …

The US Treasury yields have been declining since the beginning of the daily trading on Friday, after consumer confidence data and their negative impact on the future of the US economy and economic recovery.Economic DataAccording to the University of Michigan’s preliminary February Consumer survey, the Consumer Sentiment Index fell to …

Raising the European Central Bank’s main interest rate now would not bring down record-high Eurozone inflation and only hurt the economy, ECB President Christine Lagarde said in an interview published on Friday.Key quotesRaising rates would not solve any of current problems.Highly unlikely that oil price will continue climbing at 2020-2022 …

Macklem is speaking live to the Canadian chamber of commerce.Key QuotesCovid recovery phase is chance to make long overdue gains in Canadian productivity.Productivity growth is vital to economic growth, increasing wages without raising unit labour costs.US capital has moved to higher-productivity sectors in larger amounts than in Canada, ‘has been …

The IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, declined another 1.6% this month, after falling 7.6% in January. The overall reading now stands at 44.0, keeping the index in negative territory for the sixth consecutive month. A reading above 50.0 signals optimism and below 50.0 indicates …

Continued strong consumer appetite for overseas goods pushed up the US trade deficit in December, sending the full-year import-export gap to a record level in 2021.The December deficit in trade of goods and services grew by 1.8% to a seasonally adjusted $80.7 billion, the Commerce Department said Tuesday, just less …