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More inflation data causes rate surges again among top banks

The Governing Council today decided to raise the three key ECB interest rates by 75 basis points. With this third major policy rate increase in a row, the Governing Council has made substantial progress...

Struggling UK sales figures, Canadian trade on the upside

Per the Australian Bureau of Statistics hours worked decreased by 0.6 million hours (less than 0.1%) in seasonally adjusted terms between August and September 2022, and employment increased by 900 people (less than 0.1%). Throughout the pandemic, the hours worked series shows larger short-term changes compared to the employed series, given that employees may have been away from paid work for a short period without losing their job.

UK GDP down, Consumer price index is up

In the UK Gross domestic product (GDP) is estimated to have fallen by 0.3% in August 2022, after growth of 0.1% in July 2022 (revised down from a growth of 0.2% in our previous...

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...

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.

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...

US private sector speeds up as demand increases and supply issues improve

In the US the seasonally adjusted data for unemployment insurance weekly claims came out. In the week ending March 19, the advance figure for seasonally adjusted initial claims was 187,000, a decrease of 28,000 from...

Major economies start to grapple inflation as tapering seems imminent

Per the FED press release from March the 16th, The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. With appropriate firming in the stance...

Good data in the Oceania region, other regions grapple inflation

The Reserve Bank of Australia released a statement before the House of Representatives Standing Committee on Economics. The outlook for the Australian economy has improved since the last meeting....

Crushing labor data in Canada, US jobs not great

In Canada employment fell by 200,000 (-1.0%) in January and the unemployment rate rose 0.5 percentage points to 6.5%. The number of people who were employed but worked less than half their usual hours rose...
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