Dallas Fed’s Logan cites neutral rate uncertainty as reason to ‘proceed cautiously’ on rate...
Lorie Logan, president of Dallas Fed, expressed worry about uncertainty surrounding the exact level of neutral rate of interest and hinted at the risk that the Federal Reserve's policy rate might already near the point which further rate may starts to fuel inflation again
‘Unusually low’ Hong Kong interest rate is a policy choice*
A careful study of Hong Kong's currency peg that explain why the current low-interest rate environment can be interpreted as a result of the Hong Kong Monetary Authority's policy choice.
UK retail sales drops 1.2% in June due to poor weather, election uncertainty
Monthly growth rate of UK retail sales volume fell 1.2% in June, after a 2.9% increase in the previous month.
UK house prices continue to fall in May, Nationwide reports
UK average property prices were 3.4% lower compared to the previous year, accelerating the annual fall of 2.7% in April.
How often companies in Eurozone change their prices?
An ECB survey found that the retailers review and change their prices most often, while consumer and business service firms adjust their pricing the least often. Firms in the manufacturing sector, meanwhile, have a price adjustment frequency somewhere in between the above sectors
Canada’s inflation rate slides to 1.8% amid a disinflationary base effect from last year’s sales tax holiday
Canada's inflation rate eased to 1.8% in February, the lowest since July last year.
The deceleration in headline CPI year-over-year growth rate can mostly be explained by the base effect resulted from the GST/HST holiday last year.
Canada retail sales up 1.5% MoM in June, likely followed by 0.8% drop in...
Canada retail sales increased 1.46% month-over-month in June while core retail sales, which exclude gasoline and auto sales, was up 1.95%.
Canada unemployment rate rises to 5.8% as labor force continues to grow
Statistic Canada on Friday reported that Canada's unemployment rate rose to 5.8%,, reaching the highest since the start of 2022.
How many US Public Debts out there? Who own them?
According to the data shown in the Congressional Budget Office‘s latest The Budget and Economic Outlook: From 2019 to 2029, there are $15.8 trillion US federal debt held by the public at the end of 2018.
Canada GDP Q3 2025
While GDP rebounded by 0.65% in Q3 (2.6% annualized), the expansion was driven almost entirely by a 2.2% drop in imports.
Canada inflation rebounds to 2.9% in May
CPI inflation in Canada rebounded to 2.9% YoY and 0.31% MoM in May 2024
US bans energy imports from Russia
"Russian oil will no longer be acceptable at US ports," President Biden said.
BoE to run system-wide evaluation on financial system including non-banks
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.
Bank of Canada holds rate at 5% after September meeting
Bank of Canada maintained its benchmark interest rate at 5% but warned about persistent underlying inflationary pressure.
Fed to let Bank Term Funding Program expires on March 11
The US central bank also made an adjustment of the program's terms, setting minimum interest rate level at the interest of reserve balance, effective immediately, to block an arbitrage opportunity that banks have been taking advantage of.
If the Fed ends QT too soon, it risks discrediting its ceiling tools
Analysts are expecting the Federal Reserve to announce the end of quantitative tightening (QT) at the upcoming meeting this week. The speculation is fueled by Chairman Jerome Powell's speech earlier this month in which he mentioned the supply of reserves may reach an "ample" level "in coming months."
Derivatives’s Credit Terms in Eurozone Tighten Further
The latest SESFOD shows that the credit terms offered to counterparties for both securities financing and OTC derivative transactions is further tightened.
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 large banks pass Fed’s stress test with credit card, commercial loans projected to...
The Federal Reserve revealed US large banks passed the 2024 banking system stress test.
Canada GDP rebound masks lackluster domestic demand
The Canadian economy saw a significant rebound in the third quarter. A 0.65% expansion in the quarter was more than enough to recover the downwardly revised 0.47% contraction in the previous second quarter.
The Rise of Non-Bank US Dollar Credit Continues
The latest BIS global liquidity indicators showed that the share of Non-bank USD denominated credit continued its rising trend.
US Job openings increases to 8.1 million in May, JOLT report shows
Job openings increased to 8.14 million in May while the number of hirings in the month was 5.78 million
US labor market cools down further with job openings, hires, quits all drop in...
The March US job opening and labor turnover (JOLT) report shows that job opening rate, hire rate and quit rate all dropped marginally in March, showing further cool down in the US labor market.
US CPI decelerates further in March to close 2 year low
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.
OECD governments borrowing expected to hit record $11tn
Gross borrowing of OECD governments from the markets is set to surpass $11tn this year. This would be a new record, above the current record of $10.9 trillion set in 2010.
US April Jobs Report – Unemployment rate rises back to 3.9% as Nonfarm Payroll...
Nonfarm payroll increased 175,000 in April, a significant reduction from 315,000 in March and fell short of the market expectation of 243,000. Meanwhile, US unemployment rebounded to 3.9%
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
How will the shutdown impact GDP growth?
The effect is shown differently on nominal and real GDP
Sberbank’s European subsidiaries placed under payment moratorium amid sanctions
EU’s Single Resolution Board has enforced payment moratorium on three European subsidiaries of Russian bank Sberbank, which is under US-led sanction, and is accessing whether any resolution action would be need to to protect public interest.
Some Bank of Canada officials worried half point cut might signal economic trouble
Some Bank of Canada officials expressed worries during the last policy meeting that an "unusual" 50-basis-point might be "interpreted as a sign of economic trouble" and led to expectations of further outsized cuts, the meeting deliberations summary shows.
Bank of England will likely retire Fan chart, Andrew Bailey says
Bank of England's Fan charts would probably be replaced by "alternative scenario" projections, which illustrate how policy might react under different economic developments.
US payroll growth in Jan beats expectations
US nonfarm payroll increased 353,000 and Unemployment rate as 3.7% in January
Will QT finish before Powell’s chairman term ends?
Quantitative tightening (QT) may reach its end point "in the coming months," said Federal Reserve Chairman Jerome Powell in a speech last week.
What does it mean? Will QT finish before Powell's chairman term ends?
Canada unemployment rate surges to 7.1% in Aug
The unemployment rate in Canada has risen to 7.1% in August, the highest level since May 2016 outside of the pandemic era, StatCan reported Friday.
Bank of Canada Watch—Dec 2025 Meeting
The Bank of Canada on Wednesday decided to hold policy rate at 2.25% unchanged, as expected by markets. However, what is a notable is the Bank continues to show dovish bias given the recent rebound in economic data.
BoE holds rate at 5.25% with ‘some’ officials signal eagerness to cut
Bank of England held its policy interest rate at 5.25% with a 7-2 vote amongst officials at its Monetary Policy Committee.
Eurozone inflation drops to 6.1% in May, lower than expected
Annual consumer prices in the Eurozone rose by 6.1% YoY in May, down from 7% in April.
Americans have not been this optimistic about their financial situation — for the last...
69% of American is financially optimistic, reaching the highest level for the last 16 years.
Fed-preferred PCE price index accelerated in January
Core PCE inflation rose 4.7% in January YoY, beating expectation of 4.4% increase. The Fed-preferred price index rose 0.6% MoM compared to the market expectation of 0.5%.
Japan exports (Dec 2018) recorded largest fall in two year
Japanese exports record a year-on-year drop of 3.8% in December 2018, the most substantial shrinkage since October 2016.
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.
Canada Labor Market Watch
Canada's unemployment rate dropped substantially and unexpectedly to 6.5% in November, from 6.9% in the prior month, showing signs of a much-needed resiliency in the North American economy.
Japan’s Inflation Rate is still Far From BOJ’s 2 Percent Target
Japan's core inflation rate was on 0.7 percent in February, remaining distant from the Bank of Japan's 2 percent target.
Why Canada’s unemployment rate is rising so rapidly?
Canada's labor market has cooled down rapidly this year. Unemployment rate rose to 6.6% in August. The major issue is that the not enough job are created to digest the explosive population growth over the last few years and this integration problem is growing larger every month.
Bank of Canada holds rate at 5%, cites persistent underlying inflation
Bank of Canada held its overnight rate at 5% after its March monetary policy meeting, citing "risks to the outlook for inflation, particularly the persistence in underlying inflation."
Bank of Canada cuts rate by 0.25 ppts to 4.75%
The Bank of Canada lowered its target for overnight rate by 0.25 ppts to 4.75%, making it one of the advanced economy central banks to cut rates before Federal Reserve does.
Hong Kong soaks up HKD 30 billion from interbank market to defend currency peg
Hong Kong Monetary Authority (HKMA) intervened twice in the foreign exchange market on Thursday (July 3) to soak up a total of HKD 29.6 billion from the city's interbank liquidity market, as HKD exchange rate fell toward the weak end of its official trading band.
UK retail sales rebounds 3.4% in Jan after dismal Christmas figures
UK retail volume rose 3.4% MoM in January, after it dropped by 3.3% in December
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.
