ECONOMICS:USIRYY (November/2024) source: U.S. Bureau of Labor Statistics "US Inflation Rate Rises to 2.7%, Matching Expectations " -The annual inflation rate in the US rose to 2.7% in November, from 2.6% in October and matching markets expectations pushed up by food cost. On a monthly basis, the CPI increased by 0.3%, the most since April, slightly above...
ECONOMICS:CNIRYY November/2024 source: National Bureau of Statistics of China - China’s annual inflation rate unexpectedly eased to 0.2% in November 2024 from 0.3% in the previous month, falling short of market forecasts of 0.5% and marking the lowest figure since June. This slowdown highlighted mounting deflation risks in the country despite recent stimulus...
ECONOMICS:EUIRYY November/2024 source: EUROSTAT Euro Area Inflation Rate Rises to 2.3% as Expected -The annual inflation rate in the Eurozone accelerated for a second month to 2.3% in November from 2% in October, matching market expectations, preliminary estimates showed. This year-end increase was largely expected due to base effects, as last year’s sharp...
ECONOMICS:USCPCEPIMM October/2024 source: U.S. Bureau of Economic Analysis -The US core PCE price index, the Federal Reserve’s preferred gauge to measure underlying inflation, rose by 0.3% from the previous month in October 2024, the same pace as in September and matching market forecasts. Service prices rose by 0.4%, while goods prices decreased 0.1%....
ECONOMICS:JPIRYY 2.3% October/2024 source: Ministry of Internal Affairs & Communications -The annual inflation rate in Japan fell to 2.3% in October 2024 from 2.5% in the prior month, marking the lowest reading since January. Electricity prices saw the smallest increase in six months (4.0% vs 15.2% in September), as the effects of the energy subsidy removal in...
ECONOMICS:GBIRYY 2.3% October/2024 source: Office for National Statistics - Annual inflation rate in the UK went up to 2.3% in October 2024, the highest in six months, compared to 1.7% in September. This exceeded both the Bank of England's target and market expectations of 2.2%. The largest upward contribution came from housing and household services (5.5% vs...
ECONOMICS:USIRYY @2.6% (October/2024) source: U.S. Bureau of Labor Statistics - US Inflation Rate Picks Up The annual inflation rate in the US increased to 2.6% in October, from 2.4% in September and in line with market expectations. On a monthly basis, CPI rise by 0.2%, consistent with the previous three months with shelter index up 0.4%, accounting for...
ECONOMICS:USINTR (November/2024) source: Federal Reserve -The Fed lowered the federal funds target range by 25 basis points to 4.5%-4.75% at its November 2024 meeting, following a jumbo 50 basis point cut in September, in line with expectations. Policymakers reiterated their previous message that they will carefully assess incoming data, the evolving outlook,...
ECONOMICS:GBINTR (November/2024) source: Bank of England -The Bank of England lowered its key interest rate by 25 bps to 4.75%, in line with expectations, following a hold in September and a quarter-point cut in August. The U.S Fed ECONOMICS:USINTR is also expected to cut rates by 25bps today, following a larger 50bps reduction in September. Traders are...
$USCPCEPEPIMM 0.3% (October/2024) source: U.S. Bureau of Economic Analysis -The US core PCE price index, the Federal Reserve’s preferred gauge to measure underlying inflation, rose by 0.3% from the previous month in September of 2024, the highest gain in five months, following an upwardly revised 0.2% increase in August, matching market forecasts. Service prices...
ECONOMICS:EUINTR 2% (October/2024) +0.3% source: EUROSTAT -Annual inflation in the Euro Area accelerated to 2% in October 2024, up from 1.7% in September which was the lowest level since April 2021, and slightly above forecasts of 1.9%, according to preliminary estimates. This year-end increase was largely expected due to base effects, as last year’s sharp...
ECONOMICS:JPINTR 0.25% October/2024 source: Bank of Japan - The Bank of Japan (BoJ) unanimously maintained its key short-term interest rate at around 0.25% during its October meeting, keeping it at the highest level since 2008 and matching market estimates. Thursday's decision came amid shifting political lansdscape following Japan's election and ahead of the...
ECONOMICS:USGDPQQ 2.8% Q3/2024 source: U.S. Bureau of Economic Analysis -The US economy expanded an annualized 2.8% in Q3 2024, below 3% in Q2 and forecasts of 3%, the advance estimate from the BEA showed. Personal spending increased at the fastest pace since Q1 2023 (3.7% vs 2.8% in Q2), boosted by a 6% surge in consumption of goods (6% vs 3%) and a robust...
ECONOMICS:EUGDPQQ 0.4% Q3/2024 source: EUROSTAT - The Eurozone GDP expanded 0.4% on quarter in the three months to September 2024, the strongest growth rate in two years, following a 0.2% rise in Q2 and above forecasts of 0.2% The German economy expanded 0.2%, surprisingly avoiding a recession, after a downwardly revised 0.3% decline in Q2. GDP growth also...
ECONOMICS:CNGDPYY Q3/2024 source: National Bureau of Statistics of China -The Chinese economy expanded 4.6% YoY in Q3 of 2024, compared with market forecasts of 4.5% and a 4.7% rise in Q2. It marked the slowest annual growth rate since Q1 2023, amid persistent property weakness, shaky domestic demand, deflation risks, and trade frictions with the West. The...
ECONOMICS:JPIRYY 2.5% (September/2024) source: Ministry of Internal Affairs & Communications - The annual inflation rate in Japan fell to 2.5% in September 2024 from 3.0% in the prior month, marking the lowest reading since April. Electricity prices increased the least in three months as the impact of energy subsidy removal in May waned (15.2% vs. 26.2% in...
ECONOMICS:EUINTR (October/2024) source: European Central Bank - The ECB lowered its three key interest rates by 25 bps in October 2024, as expected, following similar moves in September and June. The deposit facility, main refinancing operations, and marginal lending facility rates will now be 3.25%, 3.40%, and 3.65%, respectively. This decision stems from an...
ECONOMICS:GBIRYY 1.7% source: Office for National Statistics -Annual inflation rate in the UK fell to 1.7% in September 2024, the lowest since April 2021, compared to 2.2% in each of the previous two months and forecasts of 1.9%. The largest downward contribution came from transport (-2.2% vs 1.3%), namely air fares and motor fuels. Fares usually reduce in...