Tag Archives: inflation

Annual inflation in the euro area hit a new record after reaching 8.6% in June, in line with expectations, up from 8.1% recorded in May. The inflation rate rose on a monthly basis by 0.8%, also in line with expectations, and it also rose by the same rate in May. …

Turkey’s central government general budget showed a deficit of 31 billion liras ($1.77 billion) in June, according to Treasury and Finance Ministry data, with an initial deficit of 18.3 billion liras. In the first half of the year, the general budget recorded a surplus of 93.6 billion pounds. The primary …

The EUR/USD pair holds on its substantial gains and trades in the 1.0160 price zone after hitting a daily high of 1.0200. The US dollar remained weaker on Monday amid a significantly better performance in the stock markets.Investors are still concerned about looming recessions and overheated inflation, but at this …

The USD/CAD pair slid almost 0.80% on Monday on a risk-on mood, soft US dollar, and elevated oil prices. Last week’s US inflation data, mainly core-CPI, eased worries of a Fed 100 bps rate hike, as most policymakers pushed back against it.Canada’s inflation and retail sales would shed some light, …

The USD/CAD pair extends its decline from weekly highs around 1.3220s reached on Thursday, spurred by elevated US PPI data, which showed that inflation is far from peaking, triggering an uptick in expectations of a Fed 100 bps hike, which later eased as Fed policymakers pushed back against those assumptions.The …

San Francisco Fed President Mary Daly said on Friday that she is not concerned above “over cooking things” on rate hikes. Daly also noted that US consumers continue to spend and that the labour market is still robust.However, Daly mentioned that “Inflation is too high” and that the Fed is …

Gold prices fell on Friday, July 15, and remained on track for the fifth consecutive weekly decline, as the continued rise in the dollar and fears of a sharp rise in US interest rates affected the demand for bullion. And the price of gold in spot transactions fell 0.3% to …

Producer price pressures are still too strong to delay any Fed’s future rate hikes. The US dollar could continue to receive support from the recession-linked fears in and outside the United States. Gold has been pressured on Thursday due to a rising US dollar and hawkish sentiment surrounding the Fed …

“I think it is plausible that we have a growth recession where it goes below longer-run average but doesn’t go negative,” Federal Reserve Governor Christopher Waller said on Thursday. Waller added that markets would also price a 100 basis points rate hike in July, Waller is also open to a …

The Bank of Canada hiked its policy interest rate by 100 bps to 2.5% in July, compared to the market expectation for a rate increase of 75 bps. The BOC acknowledged that it had underestimated inflation since the 2021 spring because of global factors. USD/CAD slid to 1.2933, and trades …