Bank of Canada continues to hold rate at 5% as underlying inflation still shows...
Governor Macklem said the "Governing Council’s discussion of monetary policy is shifting from whether our policy rate is restrictive enough to restore price stability, to how long it needs to stay at the current level"
US gains 272,000 jobs in May, blows past expectations
US gained 272,000 nonfarm employment in May blew past market expectations of an 185,000 increase. Meanwhile, unemployment rate rose to 4%, which is the highest level since November 2021.
Most of China’s Foreign Currency Credit are in USD
According to the data from BIS global liquidity indicators, as of September 2018, most foreign currency credits to China is still denominated with US dollar.
US initial jobless claims falls to 233,000, lower than expected
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.
US PCE price index shows zero monthly inflation in May
US PCE price index showed 0% monthly inflation in May, bolstering market narrative that consumption sentiment has weakened in Q2 and helped easing inflationary pressure in the US economy.
Why FOMC mulling to cut ON RRP rate by 5 bps?
A relatively unexpected discussion among Federal Reserve officials during November FOMC meeting was that "some" committee members suggested a future consideration of lowering the ON RRP facility rate by 5 basis points. Why are they talking about that?
Eurozone economy shows resilience with 0.4% GDP increase in Q3
Eurozone GDP quarterly growth rate sped up to 0.4% in Q3, an upside surprise compared to an expectation of 0.2% increase, countering widespread worries that the currency bloc is sliding into economic stagnation.
Bank of England raises interest rate by 0.5%—notes on the Bank’s decision
Bank of England on Thursday decided to raise its benchmark interest rate by 0.5% to 5%, larger than the market expectation of a 0.25% increase. The decision followed Office of Nation Statistics' publication of a 8.7% CPI inflation reading for the year to May on Wednesday.
Canada inflation slows further to 2.8%; rent continues to rise
Canada's CPI rose 2.78% in February, a further slowdown from the 2.86% increase in the January
The Most Important Question Jay Powell Need to Answer – Where is the Saturated...
The most important question for the 30th Jan Fed meeting balance sheet policy, because it is also most underrated by the market.
Interviews
The Disappointments with Post-Great Recession Macroeconomics | Q&A with Kocherlakota |
Welcome to the latest installment of our interview series “Where is the General Theory of the 21st Century?”
“Where is the General Theory of the...