Tag: Inflation
Interest hikes left and right as banks fight inflation
The SNB (Swiss National Bank) is tightening its monetary policy further and is raising the SNB policy rate by 0.75 percentage points to 0.5%. In doing so, it is countering the renewed rise in...
In spite of good work numbers energies bump inflation
Per the US Department of Labor in the week ending August 27, the advance figure for seasonally adjusted initial claims was 232,000, a decrease of 5,000 from the previous week's revised level. The previous...
UK GDP down in June, US demand down as well
According to the UK Office for National Statistics Gross domestic product (GDP) fell by 0.6% in June 2022, after growth of 0.4% in May 2022 (revised down from 0.5%), and was up 1.9% in the 12 months to June 2022.
FOMC raises rate by 75 points, EU inflation rate up
As part of its policy decision, the Federal Open Market Committee voted to authorize and direct the Open Market Desk at the Federal Reserve Bank of New York, until instructed otherwise, to execute transactions...
ECB to join rate hiking believers club amidst inflation woes
The Governing Council decided to raise the three key ECB interest rates by 50 basis points
EU inflation spearheaded by energy prices, US personal income better
Euro area annual inflation is expected to be 8.6% in June 2022, up from 8.1% in May according to a flash estimate from Eurostat
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...
