New Zealand raises rates, inflation up in the EU and the US
In New Zealand the Monetary Policy Committee increased the Official Cash Rate (OCR) to 2.0 percent. The Committee agreed it remains appropriate to continue to tighten monetary conditions at pace to maintain price stability...
Australian dollar holds, UK retail sales, US unemployment claims
In the UK Retail sales volumes rose by 1.4% in April 2022 following a fall of 1.2% in March 2022 (revised from a fall of 1.4%); sales volumes were 4.1% above their February 2020...
Major markets increase rates due to inflation fears
Per the US Bureau of Labor Statistics the Total nonfarm payroll employment increased by 428,000 in April, and the unemployment rate was unchanged at 3.6 percent. Job growth was...
Inflation is still a main worry for large economies
Per the released ECB Monetary policy decisions the monthly net purchases under the APP will amount to €40 billion in April, €30 billion in May and €20 billion in...
Job numbers in US, Canada slowly getting better. EU numbers revised down
In Canada total employment rose by 73,000 (+0.4%) in March, driven by an increase of 93,000 (+0.6%) in full-time work. In the six months since September 2021, when employment first returned to its pre-pandemic...
US private sector speeds up as demand increases and supply issues improve
In the US the seasonally adjusted data for unemployment insurance weekly claims came out.
In the week ending March 19, the advance figure for seasonally adjusted initial claims was 187,000, a decrease of 28,000 from...
Major economies start to grapple inflation as tapering seems imminent
Per the FED press release from March the 16th, The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. With appropriate firming in the stance...
War in Ukraine pushing inflation up, job reports in the US optimistic
As war continues to rage between Russia and Ukraine further uncertainty piles on top of inflationary pressures from post-pandemic recovery and surging oil prices.
Disturbing war leaves markets in chaos, mediocre GDP data in Europe
The ongoing combat hostilities between Russian and Ukrainian forces in the recently erupted war have seen devastating effects on markets in the past 24 hours. The price of the Ruble spiked to 89 for...
Good data in the Oceania region, other regions grapple inflation
The Reserve Bank of Australia released a statement before the House of Representatives Standing Committee on Economics. The outlook for the Australian economy has improved since the last meeting....
