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 basis points, in line with its determination to ensure the...
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, after falling by 0.5% in December 2022. Looking at the...
Rising CPI still a problem for economies around the world
According to Statistics Canada the Consumer Price Index (CPI) rose 5.9% year over year in January, following a 6.3% increase in December. Prices for cellular services and passenger vehicles contributed to the deceleration in...
Retail keeping pace in spite of underwhelming CPI figures
According to the US Department of Labor, in the week ending February 11, the advance figure for seasonally adjusted initial claims was 194,000, a decrease of 1,000 from the previous week's revised level. The...
Banks to tightly control borrowing rates even more against inflation
The Federal Open Market Committee decided to raise the target range for the federal funds rate to 4-1/2 to 4-3/4 percent. The Committee anticipates that ongoing increases in the target range will be appropriate...
Real GDP measures up in the US despite lingering inflation
The Bank of Canada increased its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative...
The UK squeezes out a small GDP growth, CPI and inflation down
Per the US Department of Labor in the week ending January 7, the advance figure for seasonally adjusted initial claims was 205,000, a decrease of 1,000 from the previous week's revised level. The previous...
More workers add to US and Canada Labor force increase
According to the Statistics Canada, the national statistical office, employment rose by 104,000 (+0.5%) in December, and the unemployment rate declined 0.1 percentage points to 5.0%, just above the record low of 4.9% reached...
US and Canadian growth scramble to outpace consumer price index
According to Statistics Canada Real gross domestic product (GDP) edged up (+0.1%) in October, following a +0.2% uptick in September. Growth in services-producing industries (+0.3%) was partially offset by a decline in goods-producing industries...
Stricter policy rates on borrowing to stay as inflation rages on
The SNB is tightening its monetary policy further and is raising the SNB policy rate by 0.5 percentage points to 1.0%.
