CPI data may delay rate cuts, UK slight employment growth
CPI up 3.1% and US stocks fall on inflation worries, delays rate cut. Switzerland CPI rises 0.2%. UK sees modest job growth.
Switzerland CPI data
The Swiss...
An Index of US and UK Economic Realities
US Consumer Price Index stable, 3.2% YoY increase. UK faces job decline, 7.7% pay growth. Swiss prices rise 0.2%, driven by energy.
In October, the U.S. Consumer Price...
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.
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 Labor Statistics reported. Job gains occurred in professional and business...
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...