Global Economy

Inflation in Canada decreased to 2.53% at an annual basis in July according to Statistics Canada's latest report

San Francisco Fed President Mary Daly and Minneapolis Fed President Neel Kashkari are both open to discussions about cutting Fed Fund Rate target at the up coming Federal Reserve meeting

US headline CPI down to 2.9% in July, lowest since March 2021

Unemployment rate in the UK decreased to 4.2% at the three months to June, against a market expectation of rising from the May reading of 4.4% to 4.5%, the Office for National Statistics reported Tuesday.

Federal Reserve governor Michelle Bowman is worried about reacceleration in cost of living, saying that she 'still see some upside risks to inflation'

Ex-Bank of Spain Governor Pablo Hernández de Cos, ex-BoE official Kristin Forbes and Trevor Tombe, professor at the University of Calgary, will for an external expert team to conduct independent assessment on Bank of Canada's review on Covid-era exceptional actions

The number of people filed their initial claim for unemployment insurance benefits in the US fell to 233,000 in the week ending August 3.

Bank of Canada officials were increasingly concerned about potential risk of consumption slowdown amid growing slack in the labor market and excess supply in the economy when they cut interest rate during July 24 meeting, according to the central bank's summary of deliberations.

Inflation in the US cooled off further to 2.5% over the year to the end of June, according to the latest reading of US Bureau of Economic Analysis's PCE price index.

US GDP grew at a 2.8% annualized rate in Q2, supported by acceleration in consumer spending, increase in nonresidential fixed investment as well as an upturn in private inventory investment