Global Economy

UK retail volume rose 3.4% MoM in January, after it dropped by 3.3% in December

The Fed is currently in a "wait and see" mode in deciding what is the reaction to Trump's trade policy. But is it possible for the Fed to be a bit more proactive than merely saying "we will be able to update you further when we know more details"? Enters scenario analysis.

The US government on April 22 received USD 11.7 billion from customer duties in a single day, the first time we can observe a substantial increase in import duties revenue resulted from the new of tariff from the second Trump administration.

The UK CPI rose 10.1% in the year to March, still remain in double digits even though analysts expected the annual rate to fall to 9.8%

Canada's GDP contracted by 0.4% (or 1.6% annualized) over the second quarter, amid a 7.5% (26.7% annualized) drop in exports as the impact of US-imposed tariffs started to bite.

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.

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

The Producer Price Index for Final Demand (PPI-FD) declined 0.1% MoM in Aug, bring the annual increase down to 2.6% from 3.1% in the previous month.

CPI: 4.0% YoY (Dec: 4.0%); Core CPI: 5.1% YoY (Dec: 5.1%)

The latest Purchasing Manager Index (PMI) for the two largest economies, Germany and France, is showing a clear sign of looming recession.