Tag Archives: inflation

In July, there won’t be any surprise rate cut, and all eyes are now on September. Following the June rate cut, the European Central Bank (ECB) is expected to keep interest rates unchanged during its July meeting. Policymakers emphasize that the June cut does not imply a linear reduction in …

In a surprising turn of events, UK inflation defied expectations and remained at 2.0% in June, raising doubts about the Bank of England’s (BoE) plans for an interest rate cut. Economists had predicted a slight decline to 1.9%, but the latest figures released on Wednesday revealed a stubborn persistence of …

Gold prices soared by more than 1.93% on Tuesday, fueled by intensifying expectations for a US interest rate cut in September. This sentiment gained momentum following the release of the latest US inflation data, which came in weaker than anticipated. The attempted assassination of former US President and Republican candidate …

Dr. Adriana Kugler, member of the Fed Board of Governors, pointed out on Tuesday that although inflationary pressures have undoubtedly decreased, the Fed still needs to complete some parts of the rate-cutting puzzle before it can move on rates.Key QuotesIf incoming data does not provide confidence that inflation is moving …

Fed Chairman Jerome Powell noted that the US economy has performed remarkably well in recent years while giving a nod of the head to recent inflation readings. The head of the Fed also reaffirmed that the Fed won’t be waiting until inflation reaches the 2% annual target.Key QuotesEconomy performed remarkably …

Mohammed Hashad, Head of Research at Noor Capital and a member of the American Society of Technical Analysts, dissected Jerome Powell’s recent testimony before the US House of Representatives. Hashad highlighted a shift in the Fed’s approach, prioritizing both inflation control and labor market health for a balanced economic recovery. …

The Dow Jones climbed by 450 points, hitting an all-time high above $40,200.00. Markets are mostly ignoring the fact that US PPI wholesale inflation has accelerated. Five-year inflation predictions eased, while US consumer mood surveys deteriorated.Even though US Producer Price Index (PPI) inflation increased more quickly than anticipated in June, …

Federal Reserve Bank of St. Louis President Alberto Musalem noted on Thursday that while the disinflation process is ongoing, the Fed policymaker would like to see more progress and highlighted that recession risks remain low.Key QuotesHigh interest rates are pressuring parts of the economy.The disinflation process is ongoing.I see the …

China’s consumer inflation remained tepid last month, with factory-gate prices continuing to fall, indicating a lackluster demand despite Beijing’s efforts to boost consumption.The National Bureau of Statistics reported that the consumer-price index rose for a fifth consecutive month in June, slightly up 0.2% from a year earlier. Factory-gate prices remained …

Fed Chair Jerome Powell is speaking Tuesday before the Senate Banking Committee as part of his semiannual address to Congress on monetary policy.With the Fed still on hold regarding interest rates, Powell’s remarks are closely monitored for hints about what it will take to start easing. At the Fed’s June …