Tag: Economic growth
China’s April Retail Sales Growth Falls Short, Consumption Concerns Persist
Citizens was shopping at a supermarket in Nanjing, East China's Jiangsu province, on March 9, 2024. Costfoto | Nurphoto | Getty ImagesChina's retail sales growth slowed in April, data from the National Bureau of Statistics...
China’s Retail Sales and Industrial Output Exceed Expectations
China's Economy Shows Resilience Amid Global ChallengesA bustling marketplace in Beijing paints a vivid picture of China's economic landscape, where retail sales and industrial output have exceeded expectations, offering a glimmer of hope in...
China Increases Budget Deficit Target to 4% GDP
China's Fiscal Policy Shift: A Bold Move in Uncertain TimesChina has recently announced a significant change in its fiscal policy by increasing its budget deficit target to around 4% of the country's gross domestic...
Fed Governor Bowman: Progress on Inflation Needed Before Rate Cuts
Federal Reserve Bank Governor Michelle Bowman recently made her debut as a Federal policymaker at the American Bankers Association conference in San Diego, California, on February 11, 2019. In her public remarks, she expressed...
Nippon’s Investment in U.S. Steel: Trump’s Announcement
In a recent press conference held at the White House, President Donald Trump announced that Japanese company Nippon Steel would be investing heavily in U.S. Steel, rather than pursuing a full acquisition of the...
Harris Economic Policy: Leveraging Biden White House Alums for Success
US Vice President Kamala Harris is currently in the process of developing her economic policy plan with the help of economist Brian Deese, a former director of President Joe Biden's National Economic Council. Deese,...
The Relationship Between the Economy and the Stock Market: A Comprehensive Analysis
The recent dip in the Nasdaq by 10.4% over the past three weeks may seem like a cause for concern, but when viewed in the broader context, it appears to be a minor correction...
Australian Dollar Strengthens after Positive PPI Data
The Australian Dollar showed strength against the US Dollar after positive Producer Price Index (PPI) data was released. The PPI in Australia rose by 4.8% Year-on-Year in the second quarter, surpassing the previous quarter’s...
Japan’s PMI Manufacturing in July: Finalized at 49.1, Back in Contraction
Japan’s PMI Manufacturing for July has been officially confirmed at 49.1, a decrease from June's 50.0, indicating a return to contraction in the sector after a brief period of growth in early 2023. According...
RBA Can Soon Relax as Inflation Decline On Track – Expert Analysis
In the latest quarter, inflation was pretty much on par with what experts were expecting. The headline Consumer Price Index (CPI) inflation came in at 1%, which was right in line with predictions. However,...
Bank of Japan’s New Inflation Strategy Sparks Discussion in Financial Markets
The Bank of Japan recently conducted a comprehensive review of its past policies, signaling a potential shift in its approach to inflation. According to Reuters, this review is expected to lay the groundwork for...
US Dollar Unsettled by Mixed PCE Data
The US Dollar, as measured by the DXY Index, faced some challenges in bouncing back after the release of mixed Personal Consumption Expenditures (PCE) data. There is uncertainty in the market regarding a potential...
Navigating the Challenge of Stubborn Services Inflation
The European Central Bank (ECB) is facing challenges in dealing with stubborn services inflation, according to Executive Board member Isabel Schnabel. She mentioned that a single rate cut from the ECB does not guarantee...
Chicago Fed Report: Economic Growth Decline in June
The Chicago Federal Reserve's National Activity Index (CFNAI) is a key indicator of economic activity and inflationary pressure, based on 85 monthly indicators. In June, the CFNAI fell to +0.05 from +0.23 in May,...
US Economic Data Preview: GDP and PCE Inflation Ahead of July FOMC
The Federal Reserve is eagerly awaiting the release of key economic data this week to gain a better understanding of the current state of growth and inflation in the US. The upcoming Preliminary GDP...
China’s Annual Growth Target Likely to Be Missed – Economic Analysis and Forecast
The recent economic data from China has been disappointing, leading to a revision in the annual GDP growth forecast for 2024. The country's economy has shown a renewed downturn, with weak domestic consumption being...
China’s Monetary Policy Framework Reforms: What You Need to Know
China's Monetary Policy Framework Reforms: What You Need to KnowThe Governor of the People's Bank of China, Pan Gongsheng, recently gave a speech at the Lujiazui Forum where he discussed China's monetary policy framework....
Navigating Challenges: IMF’s Outlook on Inflation Trends
The International Monetary Fund (IMF) recently issued a warning about the increasing risks of inflation, which could impact the possibility of multiple interest rate cuts by the Federal Reserve this year. According to the...
Japan’s Economic Growth Forecast to be Reduced in Upcoming Report
The Japanese government typically releases economic growth forecasts twice a year, in January and July. The upcoming report, set to be released next week, is expected to show a reduction in the growth forecast...
China’s Consumer Price Index (CPI) Slows to 0.2% in June, Producer Price Index (PPI)...
China's Consumer Price Index (CPI) showed a slowdown to 0.2% year-on-year in June, dropping from the 0.3% year-on-year seen in May. This missed expectations of a 0.4% year-on-year increase. The Core CPI, which excludes...
Goldman Sachs Predicts Soft Landing for US Economy, Expects Fed Rate Cut in September
Goldman Sachs recently made a prediction about the US economy, stating that they expect a soft landing. They also anticipate that the Federal Reserve will cut interest rates in September. This news has caught...
Keeping Interest Rates High for Prolonged Periods Could Harm Economic Growth
Jerome Powell, the chairman of the US Federal Reserve, expressed his concerns about the potential negative impact of keeping interest rates high for extended periods on economic growth. He highlighted the strength of the...
Bank of Korea to Maintain Rates in July, Cut 25 bps in Q4: Reuters...
The Bank of Korea (BOK) has decided to keep its policy rate at 3.50%, which is the highest in 15 years. However, a Reuters poll suggests that the rate is expected to be cut...
Federal Reserve Seeks Confidence Before Implementing Rate Cuts
The Federal Reserve recently released its Semi-Annual Monetary Policy Report, highlighting that while there has been some progress on inflation this year, they are still seeking greater confidence before considering rate cuts. The Fed...
Japan Stock Market Reaches Record Highs: Topix Index and Nikkei | Forexlive
Japan's Topix index reached a historic milestone on Thursday, soaring to a new all-time high of 2,890.52. This surpasses the previous record of 2,885.50 set in December 1989, showcasing the remarkable growth of the...
Goldman Sachs Analysis: UK Economic Outlook Under Labour Government | Forexlive
The UK election took place on Thursday, July 4, 2024, and the Labour Party emerged victorious in a landslide victory. According to a report by Goldman Sachs, the economic outlook under a Labour government...
Avoiding Another Greek Crisis: Europe’s Top Priority
Another debt crisis is brewing in Europe, and this time it's Greece that is at the center of it. The country needs European creditors to release funds from a bailout agreement made in 2015...
Eurozone Inflation Deceleration Stalled: Analysis and Forecast
Eurozone inflation has been holding steady, with the CPI standing at 2.5% year on year, remaining within the range of 2.4% to 2.6% for the past five months. This lack of deceleration has been...
UK Services PMI for June Falls Below Expectations – Forexlive
The UK Services PMI for June fell below expectations, with a reading of 52.9 compared to the prior 51.2. The Manufacturing PMI came in at 51.4, slightly higher than the expected 51.3, while the...
Achieving Stable FX Levels in Japan: Benefits and Strategies
Japan's Chief Cabinet Secretary, Yoshimasa Hayashi, recently emphasized the importance of achieving stable foreign exchange (FX) levels in the country. According to Hayashi, having stable FX levels is desirable as it helps to maintain...
Japan’s CPI Core Accelerates to 2.5% While Core-Core Slows to 2.1%
Japan's core consumer price index (CPI) excluding food prices increased by 2.5% year-on-year in May, which is slightly lower than the expected 2.6%. This is the 26th consecutive month that core inflation has exceeded...
Atlanta Fed GDPNow Forecast for Q3 2021: 3.0% vs 3.1% Prior | Forex Update
We are approaching the end of the second quarter, and while we are still some time away from getting the official GDP numbers, the latest estimates from the Atlanta Fed are showing strength. This...
New Zealand Economy Shows Growth Despite Per Capita Decline
New Zealand's economy showed signs of growth in the first quarter of the year, with a GDP increase of 0.2% quarter-on-quarter, exceeding expectations of 0.1% growth. This growth helped the economy bounce back from...
Germany’s Economy Minister Discusses Complicated Relationship with China
Germany's Economy Minister recently discussed the country's complicated relationship with China. He highlighted that China is an important partner for Germany in various fields. However, he also acknowledged that the relationship has become more...
Fed’s Williams Predicts Gradual Rate Cuts Amid Ongoing Disinflation – Market Update
New York Federal Reserve President John Williams recently discussed the state of the US economy in an interview with FOX Business. Williams expressed confidence in the economy, pointing to signs of supply and demand...