Banks eye improved retail sales, but opt to raise rates again
Since then, gilt yields have risen materially, particularly at shorter maturities, now suggesting a path for Bank Rate that averages around 5½%. Mortgage rates
More quantitative tightening despite labour market not at maximum yet
Per the Reserve Bank of Australia announcement, the Board decided to increase the cash rate target by 25 basis points to 4.10 per cent....
US unemployment in the 3.4-3.7 range, Canada GDP stagnates
Total nonfarm payroll employment increased by 339,000 in May, and the unemployment
rate rose by 0.3 percentage point to 3.7 percent, the U.S. Bureau of...
Record low EI recipients in Canada; US initial claims decrease
In March, 388,000 Canadians received regular Employment Insurance (EI) benefits, little changed from February. The number of regular EI recipients in March 2023 was...
US Jobless Claims Reach Highest Level Since October 2021
According to the US Department of Labor news release in the week ending May 6, the advance figure for seasonally adjusted initial claims was...
Work compensation goes up due to marginal GDP increases and inflation
Compensation costs for civilian workers increased 1.2 percent, seasonally adjusted, for the 3-month period ending in March 2023, the U.S. Bureau of Labor Statistics...
Big economies near reaching labor capacity
At its meeting today, the Board of the Reserve Bank of Australia decided to leave the cash rate target unchanged at 3.60 per cent...
Signs towards cooling inflation on the horizon for some
Per the Australian Bureau of Statistics the monthly CPI indicator rose 6.8% in the twelve months to February. The most significant price rises were...
Interest rates still a hot topic in inflation fight
In the most recent European Central Bank press release the Governing Council today decided to increase the three key ECB interest rates by 50...
Work numbers show slight increase across markets
According to the UK Office for National Statistics monthly real gross domestic product (GDP) is estimated to have grown by 0.3% in January 2023,...
