“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 year”As a major risk to the US economy. Featured Comments: Forty of the 67 economists said the federal funds rate would increase from […]
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Yamamoto says a weak yen is good for the economy and boosts competitiveness
“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 compile a stimulus package worth at least 32 to 33 trillion yen and funded primarily by long-term JGBs. “ “Eventually it […]
GDP rises 0.4% in August compared to 0.5% forecast, industrial and manufacturing production grow more than expected
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. The The country’s trade balance increased its deficit to -14,927B of pounds from -14,095B previously, worsening expectations of […]
GBP / USD cuts some losses on Wednesday, clings to 1.3450
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. The GBP/USD It is up for the first day of three, trading at 1.3466, up 0.29% on the day at […]
GBP / USD Updates Session Highs Near 1.3480 Region, Lacks Tracking
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 to impress traders or provide a significant boost. The pair GBP/USD it rose throughout the early days of […]
IMF cuts Australia’s growth forecast for 2021 and raises prospects for 2022
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 balanced afterwards. “ “They should cut back on loans for cool down the housing sector.” “Monetary and fiscal policy must remain stimulating to […]
IFO cuts GDP growth forecast for 2021 to 2.5%
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. Additional details “Raises the German growth forecast for 2022 by 0.8 percentage points to 5.1%” “The German economy will grow 1.5% in 2023.” […]
The Atlanta Fed’s GDP falls to 3.6% for the third quarter after the latest US data.
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 of Atlanta. “Following this week’s releases from the US Bureau of Labor Statistics, the US Treasury […]
GDP stands at 0.1% in July compared to 0.6% expected
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 the month of July with mixed results. The trade balance has widened its […]
Second quarter GDP surprises positively with a rise of 2.2%
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 quarter of 2020. The indicator has improved market expectations, which expected a drop of […]