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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.
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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...
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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
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War in Ukraine pushing inflation up, job reports in the US optimistic

As war continues to rage between Russia and Ukraine further uncertainty piles on top of inflationary pressures from post-pandemic recovery and surging oil prices.
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US and Canadian labour markets show moderate reasons for optimism

Per today’s statistical analysis provided in Canada Labour productivity down after zero growth in the second quarter. Labour productivity of Canadian businesses decreased by 1.5% in the third quarter, with hours...
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