In September 2024, inflation in the Euro zone fell to 1.8%, falling below the European Central Bank’s target of 2%, according to early data from Eurostat released on Tuesday 1st October 2024 Excluding the more volatile prices of energy, food, alcohol, and tobacco, the core inflation rate stood at 2.7%,Read More →
In September 2024, the German consumer price index softened to 1.8%, falling below expectations based on preliminary data from Destatis, the national statistics office. Month-on-month, the preliminary harmonized CPI saw a slight decrease of 0.1%. According to recent analysis, the last instance of the German harmonized CPI falling below 2%,Read More →
In August 2024, U.S. inflation edged closer to the Federal Reserve’s target, potentially paving the way for future reductions in interest rates, according to a report from the U.S. Commerce Department released Friday 27th September 2024 The personal consumption expenditures price index (PCE), which is the Fed’s preferred gauge forRead More →
The Federal Open Market Committee (FOMC) has voted to reduce the interest rate by 0.50% after having maintained its benchmark rate within the range of 5.25% to 5.50% since July 2023 The previous rate was the highest seen for 23 years and remained unchanged even though the Fed’s favoured inflationRead More →
UK inflation was reported at 2.2% for August 2024, according to the Office for National Statistics (ONS) data released on Wednesday 18th August 2024 The consumer price index (CPI) figure aligned with the forecasts of analysts and remained consistent with July’s inflation rate of 2.2%. Previously, the headline CPI hadRead More →
In August 2024, wholesale prices saw an increase that was roughly in line with expectations, marking the final inflation data point before the Federal Reserve’s anticipated interest rate cut due on 18th September 2024 The Bureau of Labor Statistics announced on Thursday 12th September 2024 that the producer price indexRead More →
On Thursday, 12th September 2024, the European Central Bank announced a 0.25% interest rate cut, its second reduction of the rate this year This expected decision follows a period of sluggish economic growth in the eurozone and a decrease in inflation, which approached the central bank’s 2% target in August.Read More →
As anticipated in the U.S., prices rose in August 2024, while the annual inflation rate fell to its lowest point since February 2021, according to a Labor Department report on Wednesday 11th September 2024. This development likely now paves the way for a Federal Reserve interest rate reduction next weekRead More →
Is the U.S. economy already weaker than the headline data suggests and should the U.S. Federal Reserve already be easing? In the U.S. recent data (Friday 30th August 2024) showed the personal consumption expenditures (PCE) price index, the Federal Reserve’s favored measure of inflation, ticked up 0.2% last month, asRead More →
Inflation in the Euro zone decreased to a three-year low of 2.2% in August 2024, according to preliminary data from Eurostat released on Friday 30th August 2024 The core inflation rate, which excludes the volatile elements of energy, food, alcohol, and tobacco, dropped to 2.8% in August from July’s 2.9%,Read More →
U.S. consumer prices (CPI) increased at the slowest rate in over three years last month, further supporting the argument for the Fed to begin reducing interest rates. According to the U.S. Labor Department, prices climbed 2.9% in the 12 months leading up to July 2024, marking the smallest yearly riseRead More →
In July 2024, a principal indicator of U.S. wholesale inflation climbed less than anticipated, potentially paving the way for the Federal Reserve to begin reducing interest rates. The Producer Price Index (PPI), which is a gauge of wholesale inflation, saw a modest increase of 0.1% for the month of July,Read More →
The stock markets mix of toil and trouble is in the cauldron ready for a bear market in 2025, if not before. Why? These concerns are now all combining, and it will likely add-up to a bear market of around 25% in 2025 (this is my best guess). Remember –Read More →
FOMC hold rates steady at 5.25% – 5.50% Federal Reserve Chair Jerome Powell ended a press conference in which he gave markets exactly what they wanted; a strong indication of a September 2024 rate cut. Powell says September 2024 rate cut ‘on the table’ if inflation continues to cool. FederalRead More →
In July 2024, inflation in the euro zone unexpectedly increased to 2.6%, as reported by the European Union’s statistics agency on Wednesday 31st July 2024. Core EU inflation, which omits the more volatile prices of energy, food, alcohol, and tobacco, reached 2.9% in July, surpassing expectations. Services inflation, a closelyRead More →
On Friday 26th July 2024, U.S. stocks surged, and Wall Street concluded a volatile week on an upbeat note as investors considered the latest U.S. inflation data. The Dow Jones Industrial Average soared 654 points to settle at 40589. The S&P 500 climbed to 5459 while the Nasdaq Composite advancedRead More →
U.K. inflation matched the Bank of England’s target of 2% in June 2024, as calculated by data from the Official for National Statistics on Wednesday 17th July 2024. The main figure was slightly higher than the 1.9% forecast by analysts surveyed by Reuters, aligning with May’s 2% figure. Following theRead More →
Jerome Powell appears to be further paving the way for a rate cut at the next meeting in July 2024. Federal Reserve Chair Jerome Powell reportedly said Monday 15th July 2024 that the central bank will not wait until inflation hits 2% to cut interest rates. Powell referenced the idea that centralRead More →
The Consumer Price Index (CPI), a comprehensive gauge for goods and services costs, saw a 0.1% decrease from May 2024, bringing the annual rate to 3%, which is near its lowest point in over three years. When removing the unstable food and energy prices, the core CPI rose by 0.1%Read More →
Jerome Powell on Tuesday 9th July 2024 reportedly expressed concern that holding interest rates too high for too long could jeopardize economic growth. This comment came ahead of the consumer price index reading due this week. Preparing for a two-day session on Capitol Hill, the central bank chief stated thatRead More →
China’s consumer price inflation rose by 0.2% in June 2024 from a year ago, falling short of expectations. Meanwhile, producer prices remained in line with forecasts. Main points Consumer Price Index (CPI) China’s CPI was expected to rise by 0.4% year-on-year in June, according to poll conducted by Reuters. However,Read More →
Federal Reserve Chair Jerome Powell has expressed satisfaction with the current progress in the inflation battle but indicated a desire for additional positive data before considering a reduction in interest rates. “We want to be more confident that inflation is moving sustainably down toward 2% before we start the processRead More →
Inflation in the euro zone dipped to 2.5% in June 2024, the European Union’s statistics agency said on Tuesday 2nd July 2024, in line with expectations. However, core inflation, excluding energy, food, alcohol and tobacco, remained at 2.9% from the prior month, just missing the 2.8% forecast. The rate ofRead More →
The core Personal Consumption Expenditures (PCE) price index witnessed a modest increase of 0.1% (seasonally adjusted) for the month and has risen 2.6% from the previous year – broadly as expected by analysts. May 2024 experienced the lowest annual rate since March 2021, the Federal Reserve’s inflation target is 2%.Read More →
Bank of England offers no election help to Rishi Sunak as the UK interest rate is held at 5.25%. Not that they should. But the UK inflation is on target now at 2% so that’s some consolation. The PM claimed credit as the inflation target was met – happily informingRead More →
Inflation has reached the Bank of England’s target for the first time in nearly three years, having soared to 11.1% in October 2022, the highest in over four decades – driven by a spike in energy and food prices following the pandemic and Russia’s invasion of Ukraine. In the yearRead More →