Bank of England will conduct a system-wide exploratory scenario (SWES) exercise on the UK financial markets to see how well both banks and non-bank financial institutions can handle stress market conditions.
Inflation projections by Fed officials show that PCE inflation will not reach 2% by the end of 2025. Why the Fed expects to cut rate next year then?
Employers in the US added 339,000 jobs in May, but at the same time 440,000 more people reported they were unemployed
Annual consumer prices in the Eurozone rose by 6.1% YoY in May, down from 7% in April.
UK average property prices were 3.4% lower compared to the previous year, accelerating the annual fall of 2.7% in April.
The headline CPI figure slowed down to 8.7% in April, from 10.1% in March, while core inflation accelerated to 6.8%, from 6.2%
US PCE price index decelerated further in March with the year over year rate dropped to merely 4.2%, down from 5.1% in February.
The UK CPI rose 10.1% in the year to March, still remain in double digits even though analysts expected the annual rate to fall to 9.8%
Consumer price index grew for March 5% over the past year, reaching the lowest level since May 2021. Nonetheless, Core CPI recorded a 5.6% increase, up from 5.5% in February.