Inflation Hurdles: BoE's Battle Plan, Dollar's CPI Resilience, and IMF's Counsel
In the realm of economic fluctuations, resilience proved vital as the pound showed a modest recovery, gaining 0.1% to $1.2178. This followed a significant...
Sustaining Resilience in an Evolving Economic Landscape
With the current economic outlook, resilience stands as a defining trait amidst challenges, with indicators pointing towards solid expansion. Recent indicators suggest that economic activity has been expanding...
The GDP deflator rose 0.7% in the second quarter, as consumer inflation remained elevated. However, the terms of trade—the ratio of the price of exports to the price of imports—fell 2.0% in the second quarter, primarily because of a 3.4% decline in prices of exported goods. This was the fourth straight quarterly decrease in the terms of trade.
the advance figure for seasonally adjusted initial claims was 230,000, a decrease of 10,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 239,000 to 240,000. The 4-week moving average was 236,750, an increase of 2,250 from the previous week's revise
The seasonally adjusted unemployment rate was 3.6 percent in the June 2023 quarter, compared with 3.4 percent last quarter, according to figures released by Stats NZ.
Non-store retailing sales volumes rose by 0.2% in June 2023, following a rise of 2.4% in May 2023.
Automotive fuel stores sales volumes fell by 0.3% in June 2023, following a rise of 1.7% in May 2023.
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.2 percent in June on a seasonally adjusted basis, after increasing 0.1 percent in May, the U.S. Bureau of Labor Statistics reported. Over the...
According to the US Department of Labor in the week ending June 24, the advance figure for seasonally adjusted initial claims was 239,000, a decrease of 26,000 from the previous week's revised level. The...
Since then, gilt yields have risen materially, particularly at shorter maturities, now suggesting a path for Bank Rate that averages around 5½%. Mortgage rates