Tag Archives: inflation

European Central Bank Vice President Luis de Guindos said on Monday that they have seen inflationary pressures broaden and intensify across many goods and services in recent months.The EUR/USD pair showed no immediate reaction to these remarks and was last seen trading flat on the day at 1.0430.Key Quotes“Elevated inflation …

Swiss inflation touched a 29-year high of 3.4% in June, more than economists had expected, and for the first time in Switzerland inflation exceeded 3% since 2008. This reading fueled talk that the central bank may tighten its policy again soon after raising its policy rate last month for the …

Germany’s seasonally adjusted deficit was about 1 billion euros in the previous May, down from the revised figure in April of 3.1 billion euros, according to data released on Monday. Exports in Germany amounted to about 125.8 billion euros, down 0.5% on a monthly basis, but increased by 11.7% compared …

Financial Markets’ Weekly Recap, June 27 – July 1 Last week, financial markets sent several warnings that global economic growth slowdown is looming and recession has become most probable, however there is no general agreement among market participants on ‘when’ entering into recession could take place.  Gold As trading kicks …

The annualized Eurozone Harmonised Index of Consumer Prices (HICP) surged by 8.6% in June vs. the previous reading of 8.1%, the latest data published by Eurostat showed on Friday. The market expected the bloc’s inflation to accelerate by 8.4%. The core figures dropped to 3.7% YoY in June when compared …

US ISM Manufacturing PMI is expected to indicate slower growth in June. The inflation component is critical and low expectations may lead to an upside surprise. The US ISM Manufacturing Purchasing Managers’ Index (PMI) provides an understanding of the jobs-related data. PMI reading on Friday, July 1, is expected to …

Inflation in the US, as measured by the Personal Consumption Expenditures (PCE) Price Index, stayed unchanged at 6.3% on a yearly basis in May, the US Bureau of Economic Analysis announced on Thursday. The Core PCE Price Index, the Federal Reserve’s preferred gauge of inflation, declined to 4.7% in the …

It is not yet obvious whether the US economy could return to its pre-pandemic status according to Fed Chair Jerome Powell who spoke on Wednesday before central banker forum in Portugal.Powell also said he was more concerned about the risk of failing to stamp out high inflation than about the …

St. Louis Fed President James Bullard said in a new essay that lessons from 1974 and 1983, when the FOMC face similar inflation levels to today’s, demand that policymakers to get ahead of the inflation level.“In particular, the takeaway is that getting ahead of inflation will keep inflation low and …

ECB President Lagarde says that the move away from globalization will end the era of low inflation. She also noted that inflation expectations are higher than before.She said the ECB can move gradually but as uncertainty fades, can be more decisive. At one point she was led towards removing the …