Tag Archives: inflation

German consumer sentiment is set to decline significantly in December, breaking a streak of improvements as households face growing concerns about job security and economic prospects, according to a survey released on Wednesday. Key Survey Results The GfK Consumer Sentiment Index, published by the Nuremberg Institute for Market Decisions (NIM), …

Financial markets responded positively on Monday to President-elect Donald Trump’s nomination of hedge fund manager Scott Bessent as US Treasury Secretary. Currencies across the globe rallied, reflecting investor optimism that Bessent, founder of Key Square Group, could temper some of Trump’s more extreme economic views.Market ReactionsThe US Dollar Index (DXY), …

Britain’s public finances faced mounting pressure in October as borrowing levels exceeded expectations, posing a significant challenge for Finance Minister Rachel Reeves. Official data from the Office for National Statistics (ONS) revealed that public sector net borrowing reached £17.4 billion ($22 billion) in October, well above the £12.3 billion forecast …

Inflation in the United Kingdom unexpectedly surged in October, pushing consumer price growth back above the Bank of England’s (BoE) 2% target. The increase in underlying inflation pressures suggests that the central bank may need to tread carefully when considering interest rate cuts. Consumer prices rose by an annual 2.3% …

The US Dollar traded sideways on Wednesday, November 20th, as geopolitical tensions between Russia and Ukraine continued to dominate market sentiment. Investors sought safety in the US Dollar, driving demand for the currency. However, a decline in US Treasury yields tempered the greenback’s strength.Key economic events to watch this week …

Jeffrey Schmid, president of the Federal Reserve Bank of Kansas, expressed optimism on Tuesday, saying he thinks both employment and inflation are moving toward their target levels. The Fed policymaker did, however, warn investors that although the Fed is not preparing any preventative measures for potential government policies in the …

Following the election, stock indices on Wall Street saw a sharp rally, while 10-year Treasury rates increased, a sign of declining prices. The momentum changed last week, though, when Governor Adriana Kugler and Federal Reserve Chair Jerome Powell warned against anticipating dramatic rate cuts. According to Powell, the US economy …

As investors look for fresh clues about possible interest rate moves by the Fed and ECB in December, EUR/USD has gained ground and is now trading close to 1.0550. There is no pressing need to lower interest rates, Fed Chair Jerome Powell stressed. Investor anxiety over a trade war between …

Federal Reserve Bank of Chicago President Austan Goolsbee noted on Friday that markets tend to overreact to interest rate changes and that the Fed should maintain a slow and steady approach to reaching the neutral rate.Key QuotesIn regards to a December rate cut or pause. I don’t like tying our …

Headline inflation in the United States rose in October as anticipated, according to the Labor Department, drawing the attention of the Federal Reserve as it prepares for a pivotal policy meeting next month. The consumer price index (CPI), a primary measure of price growth in the U.S., increased by 2.6% …