UK Inflation Fell Below 10%, But the Report Offers Reasons For Concern
Headline CPI inflation decelerated to 8.7% y/y in the first sub-10% print since August, as today’s data showed, but Core inflation rose to the highest in thirty one years
Page 15 of 59
Headline CPI inflation decelerated to 8.7% y/y in the first sub-10% print since August, as today’s data showed, but Core inflation rose to the highest in thirty one years
Watch today’s US Open for insights on the developments around the US debt ceiling as we move closer to the estimated deadline, the latest Fed commentary and more
On Friday, during a panel discussion, Fed Chair Powell suggested that rates may not climb as much as expected due to credit tightening. Other Fed speakers suggest that FOMC members are developing diverging views. China data hints at a slowing momentum in recovery and EU CPI is still too high. This week sees two more inflation data points – core PCE on Friday and UK inflation on Wednesday. Wednesday will…
Watch today’s US Open for insights on the US debt ceiling hopes, Burberry’s solid FY2023 results, the key takeaways from Tesla’s Investor Day and more
President Biden met with key Republican and Democratic congressional leaders at the White House on Tuesday. They aimed to reach an agreement to raise the debt limit, but the discussions ended without a consensus.
Watch today’s US Open for commentary on the latest data from China, IEA’s upgrade in the 2023 oil demand outlook, latest and upcoming earnings and more
Debt ceiling negotiations take center stage in Washington today. Treasury Secretary Janet Yellen reiterated on Monday that June 1 is the deadline when the Department of the Treasury might face challenges in meeting its financial obligations if the debt ceiling is not raised. President Joe Biden's meeting with Speaker of the House Kevin McCarthy is expected to be a crucial moment in these negotiations. While Biden expressed cautious optimism during…
Contrary to market expectations of potential interest rate cuts in response to an impending economic downturn and potential recession, central bank officials have indicated their preference for maintaining and potentially raising rates.
The Chinese economy has been reopening after the abandonment of the strict Covid containment policies, but April’s indicators cast doubt over the prospects of the recovery
Last week, US headline inflation came in under 5% for the first time in two years. Core inflation was 5.5% y/y and is still looking sticky. Chinese CPI was a disappointing 0.1% y/y and Chinese factory-gate inflate declined 3.6% y/y. We also saw the BoE raise rates by 25 bps to 4.50%. This week will see a host of Fed speakers with Fed Chair Powell participating in a panel discussion…
Most major central banks around the world have been aggressively hiking rates for around a year now to rein in inflation, but different approaches have emerged, as they get closer to peak rates in an uncertain environment
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.