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"The Federal Reserve will wait until 2023 before raising interest rates"according to economists in the Reuters poll conducted October 12-18. The survey results also mention" a persistently higher inflation over the next…
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"A weak yen is good for the economy as it boosts competitiveness"Kozo Yamamoto, a senior member of the ruling party of new Prime Minister Fumio Kishida, said on Thursday. Additional commentators "The government must…
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The UK's Gross Domestic Product (GDP) rose 0.4% in August, improving on the 0.1% drop seen in July (revised down from + 0.1%). The result is slightly below expectations, as the market consensus forecast a 0.5% rise.…
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The pound is trading higher during the day, despite bearish market sentiment. The UK economy expanded 5.5% in the third quarter. Initial unemployment claims in the United States rose to 362,000, hurting the US dollar.…
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GBP / USD gained some traction on Thursday and recovered some of the losses overnight. The USD extended its consolidated price action and extended some support to the pair. Mixed economic data from the US did little…
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In its latest report, the International Monetary Fund (IMF) cut Australia's GDP growth forecast for 2021, while raising the outlook for 2022. Key comments "There are short-term downside risks, they are largely…
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The German Economic Institute Ifo on Wednesday cut the country's GDP growth forecast for 2021 by 0.8 percentage points to 2.5%, in light of supply chain disruptions and slowing post-pandemic economic recovery.…
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Real gross domestic product (GDP) in the United States is expected to grow 3.6% in the third quarter of 2021, down from 3.7% on September 10, it showed on Thursday the latest GDPNow report from the Federal Reserve Bank…
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The UK's Gross Domestic Product has fallen to 0.1% in July from 1% in June. This result is the weakest seen since January and is below the 0.6% expected by the market. The UK has released a large battery of data for…
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The final Gross Domestic Product of the Eurozone for the second quarter has surprised the market with a rise in 2.2% after falling 0.3% in the first three months of the year. This is the first rise seen since the third…
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