The investors’ major focus point on Wednesday will be on the decision and press conference by the two-day Fed’s policy meeting, as financial markets expect the US central bank to press ahead with a rate hike and formally announce the launch of a much-anticipated balance sheet reduction.The Federal Open Market …
Read More »Eurozone Unemployment Rate drops to 6.8% in March vs. 6.7% expected
The Eurozone Unemployment Rate dropped to 6.8% vs. 6.7% expected and 6.9% reported in February, the latest data published by the Eurostat showed on Tuesday. The Producer Price Index (PPI) in the bloc rose to 5.3% MoM in March vs. 5% expected and 1.1% previous. On an annualized basis, the …
Read More »Market Drivers – US Session – Fri. 29 April
The week finished with prevalent negative market sentiment. US equities recorded hefty losses, between 2.77% and 4.17%. China’s coronavirus outbreak which has lasted for the last couple of weeks threatens to disrupt supply chains. The US central bank’s increasing rate hikes to tackle inflation and the Ukraine-Russia conflict, further entering …
Read More »Could PCE Data Drive Looming Critical FOMC Meeting?
The Fed’s favorite inflation gauge slowed in March, in its first retreat in more than one year, according to a report issued Friday in the run-up to next week’s meeting of the policy-setting Federal Open Market Committee.PCE data gives a reading of the Personal Consumption Expenditures Price Index that excludes …
Read More »Is Russia’s Latest Economic Data Consistent On War Impact, Sanctions?
Latest economic data published by Moscow do not track private-sector surveys that show a sharp contraction in Russian manufacturing. The consequences of harsh economic sanctions against Russia are already being felt across the globe. Experts are busy explaining the significance of what has happened so far and how the conflict …
Read More »US consumer income growing, but unable to cope with inflation
Data released on Friday showed personal income rose 0.5% in March and a 1% increase in personal spending. Consumers had to dip into savings to pull it off, but not only did real personal expenditures rise in March, revisions lifted real February spending into positive territory as well, noted analysts …
Read More »US Annual Core PCE Inflation Falls Below Expectations
Core PCE inflation fell a little more than expected in March, but the Employment Cost Index jumped in Q1. The latest Personal Income and Spending figures for March will instill confidence about the underlying strength of the US economy. Annual inflation in the US fell to 5.2% in March according …
Read More »Energy prices are driving inflation in Germany to levels not seen in four decades
German inflation in April reached its highest level in more than four decades, driven by prices of natural gas and mineral oil products that have risen sharply since Russia’s attack on Ukraine. On Thursday, the Federal Statistics Office said consumer prices rose 7.8 percent year on year, up from 7.6 …
Read More »ECB Official Hints at first rate hike during Q3
European Central Bank Governing Council member Ignazio Visco has added his voice to heated discussions on when the ECB will begin to raise its benchmark interest rate.Rates in the Eurozone have been negative following the region’s sovereign debt crisis, and the ECB has confirmed that it will conclude its net …
Read More »Despite US GDP Contraction, Three Reasons Support USD’s Strength
Recession is generally defined by two consecutive quarters of economic shrinking. The US economy squeezed by 1.4% in the first quarter of 2022, so it would only take another one to have an official downturn. Not so fast – not a recession, nor the dollar. The US economy grew by …
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