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."
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'
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.
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.
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.
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.
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.
Canada inflation rebounds to 2.9% in May
CPI inflation in Canada rebounded to 2.9% YoY and 0.31% MoM in May 2024
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"
Bank of Canada names ex-central bankers, University of Calgary professor as external experts for...
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
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
US nonfarm payroll beats expectations in June amid signs of cooling off
US nonfarm payroll increased by 206,000 in June, beating market expectation of 190,000, amid signs that job growth in cooling off as the the Bureau of Labor Statistics revised down the May and April by a combined 111,000 in its report released Friday.
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%
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.
How will the shutdown impact GDP growth?
The effect is shown differently on nominal and real GDP
US payroll growth in Jan beats expectations
US nonfarm payroll increased 353,000 and Unemployment rate as 3.7% in January
UK inflation holds at 4% in January
CPI: 4.0% YoY (Dec: 4.0%); Core CPI: 5.1% YoY (Dec: 5.1%)
US PCE inflation drops to 2.5% as disinflationary trend continues
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 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
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.
Canada inflation drops to 2.9% in January
Canada's headline CPI rose 2.9% in January, hitting Bank of Canada's inflation-control target range of 1% - 3% for the first time since March 2021.
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.
Canada unemployment rate rises back to 6.7% in February amid 83,900 job losses
Canada Labor Market——February 2026
Unemployment Rate: 6.7%;
Total Jobs MoM Change: -83,900;
Full-Time Jobs MoM Change: -108,400;
Part-Time Jobs MoM Change : 24,500
Germany’s GDP Data might have been Distorted by Questionable Data
Germany's GDP data for 2018 might have been distorted by some questionable data provided by the pharmaceutical manufacturing industry.
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 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.
Canada inflation drops back to 2.7% in June
Annual inflation rate in Canada eased back to less than 2.7% in June after a upshot in the previous month, according to Statistics Canada's CPI report.
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
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.
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.
Signs of Eurozone Recession is More Apparent
The latest Purchasing Manager Index (PMI) for the two largest economies, Germany and France, is showing a clear sign of looming recession.
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
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.
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.
UK inflation cools to 3.4% amid service inflation slowdown
Core inflation also slowed to 4.5%, compared to a year earlier.
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
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.
G20 finance officials to discuss debt, funding to low-income countries in India
G20's economic officials will gather in India next week to discuss ways to boost lending to developing countries from multilateral institutions and to reform the international debt system, Reuters cited unnamed Indian officials.
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.
US core CPI rises 3.6% as expected
US CPI rose 3.35% in the year to April, as expected by analysts. Meanwhile, core CPI, which strips out prices of food and energy, increased 3.61%, also as market expected.
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 CPI down to 2.9% in July as disinflation continues
US headline CPI down to 2.9% in July, lowest since March 2021
US CPI inflation rebounds in Dec to 3.4%
Core CPI inflation continues to decelerate to 3.93%
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.
US Retail sales up just 0.1%, still beats expectations
Retail sales in the US increased just 0.05% on a monthly basis in August, down from the outsized 1.15% growth in July but still beats market expectation of -0.2%
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.
US consumers continues to drive strong GDP growth
US GDP increased by more than 2.8% at an annualized rate in Q3, supported by continued acceleration the growth of personal consumption expenditures.
