China’s economy expanded by 5.4% in the fourth quarter, surpassing market expectations, as a series of stimulus measures propelled the economy to meet Beijing’s growth target This final-quarter surge helped elevate China’s full-year GDP growth to 5.0% in 2024, with the official target of around 5%. In December 2024, retailRead More →
The latest U.S. producer price index (PPI) data indicates that wholesale inflation increased by 0.2% in December 2024, primarily driven by higher energy costs This rise was slightly less than the 0.4% gain witnessed in November 2024. Compared to a year earlier, producer prices were up by 3.3%. The riseRead More →
The pound has continued to fall after UK government borrowing costs rose and concerns grew about public finances Sterling dropped as UK 10-year borrowing costs surged to their highest level since the 2008 financial crisis when bank borrowing virtually ground to a halt. Economists have warned the rising costs couldRead More →
The annual inflation rate in euro zone increased for the consecutive month reaching 2.4% in December 2024, according to the statistics released on Tuesday 7th January 2024 by Eurostat The reading, according to economists’ forecasts, indicated an increase from a revised 2.2% figure in November 2024. Core inflation remained steadyRead More →
The PCE price index, the Fed’s preferred inflation gauge, showed an increase of just 0.1% from October and a 2.4% annual rate – which was below expectations. Excluding food and energy, core PCE also increased 0.1% monthly and was 2.8% higher from a year ago, with both readings being 0.1%Read More →
The Federal Open Market Committee (FOMC) cut its borrowing rate to a range of 4.25% – 4.50%, mirroring its December 2022 level. The Fed indicated that it probably would only lower twice more in 2025, according to the closely watched ‘dot plot’ matrix of individual members’ future rate expectations WhileRead More →
The UK inflation rate has gone up for the second month in a row, rising at the fastest pace since March 2024. The UK inflation rate rose to 2.6% in the year to November 2024, according to official figures. However, the rise was predicted by economists and was apparently withinRead More →
The U.K. economy contracted unexpectedly in October 2024, according to data from the Office for National Statistics (ONS). Gross Domestic Product (GDP) fell by an estimated 0.1% on a monthly basis, the ONS said Friday 13th December 2024, attributing the downturn to a decline in production output. It marked the second consecutiveRead More →
Tesla shares soared to an all-time high on Wednesday exceeding their previous record set in 2021, driven by a post-election rally and heightened enthusiasm Wall Street for Elon Musk’s electric vehicle company. The stock increased to an intraday high of $415, exceeding its previous peak by 50 cents and closedRead More →
The Personal Consumption Expenditures (PCE) price index announced 27th November 2025, rose by 0.2% monthly, matching a 12-month inflation rate of 2.3%, aligning with expectations. Core U.S. inflation recorded more robust figures, climbing 0.3% monthly and reaching an annual rate of 2.8%, but also in accordance with forecasts. Consumer spendingRead More →
The inflation rate, which measures price changes, hit 2.3% in the year to October 2024, a bigger-than-expected increase from 1.7% in September 2024. The increase was in part due to an increase in the regulator-set energy price cap that took effect in October 2024, which is expected to increase energyRead More →
The UK economy expanded by just 0.1% from July to September 2024, as announced in the most recent official data release. The growth was less than anticipated, and the Office for National Statistics (ONS) reported that most sectors experienced subdued activity over the quarter. Labour, having prioritised economic growth uponRead More →
In October 2024, the U.S. consumer price index rose by 0.2%, bringing the annual inflation rate to 2.6%, aligning with expectations, according to the U.S. Bureau of Labor Statistics. The core CPI, which excludes food and energy, saw a monthly increase of 0.3% and an annual rate of 3.3%, alsoRead More →
The purchase of Meme coins is often viewed as indicators of retail interest and the willingness to take risks in the cryptocurrency market. Increased activity in meme coins typically signals that retail investors are engaging and are inclined to speculate more aggressively on the risk spectrum. Trump initially proposed theRead More →
The Federal Open Market Committee (FOMC) has reduced its benchmark overnight borrowing rate by 0.25%, bringing it to a target range of 4.50%-4.75%. This move follows September’s significant 0.5% cut. The overnight borrowing rate, while primarily affecting interbank lending rates, also typically impacts consumer debt products including mortgages, credit cards,Read More →
The Bank of England cut interest rates by 0.25% Thursday 7th November 2024, even as Labour’s budget announcement confuses the outlook for future policy easing. The anticipated reduction, marking the central bank’s second this year, lowers the key rate to 4.75%. Financial markets had forecast a high probability of the quarter-point decreaseRead More →
In October 2024, non-farm payrolls saw an increase of 12,000, a significant drop from September’s figures and falling short of the 100,000 predicted The unemployment rate remained steady at 4.1%, meeting expectations. The rate of job growth in October 2024 was the slowest since the end of 2020, hindered byRead More →
Inflation saw a modest rise in September 2024, edging closer to the Federal Reserve’s target, as reported by the Commerce Department on Thursday 31st October 2024. The personal consumption expenditures (PCE) price index recorded a seasonally adjusted increase of 0.2% for the month, and the year-over-year inflation rate stood atRead More →
The U.S. economy experienced another growth spurt, albeit slightly underwhelming, growth period in the third quarter, driven by strong consumer spending that has surpassed slowdown expectations The gross domestic product (GDP), which gauges all goods and services produced from July through September 2024, rose at a 2.8% annualised pace, asRead More →
The International Monetary Fund (IMF) has issued a warning about the potential decline of China’s property market while reducing its growth forecast for the world’s second-largest economy. In a report published Tuesday, The IMF has reduced its growth forecast for China this year to 4.8%, which is 0.2 percentage points belowRead More →
On Thursday 17th October 2024, the ECB announced its third interest rate reduction of 2024, as inflation risks within the European Union diminished more rapidly than anticipated. At its October meeting, the central bank decreased the deposit rate by 0.25%. This decision followed a slowdown in the euro area’s priceRead More →
UK inflation fell unexpectedly to 1.7% in the year to September 2024, the lowest rate in three-and-a-half years This indicates that inflation, which is the rate at which prices increase over time, is currently below the Bank of England’s target of 2%, potentially leading to further reductions in interest ratesRead More →
In September 2024, China witnessed a decline in consumer inflation rates and an intensification of producer price deflation, despite efforts to implement additional stimulus measures aimed at reviving weak demand and stabilizing economic activity The consumer price index (CPI) rose by 0.4% from the previous year, a slowdown from theRead More →
China’s exports increased by 2.4% in September 2024 compared to the previous year when measured in U.S. dollars, and imports saw a rise of 0.3%, customs data showed Monday 14th October 2024 The figures fell short of expectations. China’s exports were predicted to rise by 6% year-on-year in September 2024, measured inRead More →
In August 2024, the U.K. economy experienced a 0.2% growth on a month-on-month basis, according to preliminary figures released by the Office for National Statistics on Friday 11th October 2024. But there is a warning of a potential UK slowdown despite the August pick-up. The gross domestic product (GDP) matchedRead More →
Over the past year, the rate of U.S. price increases accelerated unexpectedly in September 2024, as policymakers considered their decision on interest rates, as indicated in a U.S. Labor Department report on Thursday 10th October 2024. Sticky U.S. inflation The consumer price index (CPI), which measures the cost of goodsRead More →