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Yearly Archives: 2024
ECB cuts rate to 3.5% as it scales down growth forecast
The European Central Bank reduced the deposit facility rate, its policy interest rate anchor, by a quarter of a percentage point to 3.5%, as the central bank slightly lowered its economic growth forecast.
Canadian’s average carried over credit card balances highest in 14 years, Equifax reports
The average carried over credit card balances for Canadian consumers topped CAD 4,300 in Q2, reaching the highest level since 2007, Equifax Canada said in its latest Market Pulse Consumer Credit Trends and Insights Report.
Canada inflation slows further to 2.5% in July
Inflation in Canada decreased to 2.53% at an annual basis in July according to Statistics Canada's latest report
Fed’s Daly, Kashkari support rate cut talks in September meeting
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 CPI down to 2.9% in July as disinflation continues
US headline CPI down to 2.9% in July, lowest since March 2021
UK sees both unemployment rate, wage growth drop in June
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.
Fed’s Bowman still sees ‘upside risks’ to US inflation
Federal Reserve governor Michelle Bowman is worried about reacceleration in cost of living, saying that she 'still see some upside risks to inflation'
Bank of Canada names ex-central bankers, University of Calgary professor as external experts for Covid era policy review
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
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.
Bank of Canada July meeting minutes reveal growing concerns on slowing labor market, consumption
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.
