Households expect inflation to be 3% in a year. While that’s not up from the previous month, it’s also not down.
Andrew Bailey says inflation is in line with BoE forecasts but view of markets is that data will delay interest rate cutsAnalysis: Sunak hopes of pre-election rate cuts frustratedThe governor of the Bank of England, Andrew Bailey, has shrugged off a smaller-than-expected drop in inflation last month, saying he expected a sharp fall towards the government’s 2% target next month.Speaking in Washington after news that the government’s preferred measure of the cost of living had eased to 3.2% in...
U.S. consumer sentiment ebbed in April while inflation expectations for the next 12 months and beyond increased, a survey showed on Friday. The University of Michigan's preliminary reading on the overall index of consumer sentiment came in at 77.9 this month, compared to a final reading of 79.4 in March. Since January, the sentiment index has remained within a very narrow 2.5 point range, well under the 5 points which the University of Michigan said was necessary for a statistically...
China's consumer prices rose slightly in March compared to the previous year but didn't meet economists' expectations, revealing ongoing challenges in stimulating domestic demand for the world's No. 2 economy.
Markets think the Bank of England will cut interest rates just twice in 2024 reflecting concerns around the persistence of inflation.
A new Deutsche Bank survey found that over half of respondents expect cryptocurrencies to become an important asset class and a method of payment. In addition, 10% of respondents expect the price of bitcoin to be above $75,000 by year-end. Deutsche Bank’s Crypto Survey A recent Deutsche Bank survey of over 3,600 consumers, published this […]
Will Bank of America follow rivals in posting better-than-expected Wall
In March, Romania had an inflation calculated according to the European methodology, based on the harmonized index of consumer prices, of 6.7% – the highest in the EU, much higher than that of Croatia (second place, with 4.9% inflation) , according to the Minutes of the monetary policy meeting of the National Bank of Romania […]
Note: Survey responses were collected from April 8 to April 15.
The Bank of Canada's interest rate decision on Wednesday didn’t bring cuts, but it did bring new insight into where the central bank thinks interest rates may be headed. The bank kept its overnight interest rate steady at five per cent, but it raised something else: its nominal neutral interest rate. The neutral rate is the rate at which the central bank’s monetary policy is neither stimulating nor holding back the economy. It's essentially the "Goldilocks" interest rate, explained...
You know things are bad when President Joe Biden’s Praetorian Guard at CNN won’t protect him from the fact that the economy is spiraling out of control. During the April 10 edition of CNN News Central, host Kate Bolduan unloaded devastating news on CNN’s unsuspecting liberal audience: There is significant inflation in April, just months before the 2024 general. During a segment, Bolduan said, “Inflation is headed in the wrong direction right now, the latest consumer price report just out shows...
You know things are bad when President Joe Biden’s Praetorian Guard at CNN won’t protect him from the fact that the economy is spiraling out of control. During the April 10 edition of CNN News Central, host Kate Bolduan unloaded devastating news on CNN’s unsuspecting liberal audience: There is significant inflation in April, just months before the 2024 general. During a segment, Bolduan said, “Inflation is headed in the wrong direction right now, the latest consumer price report just out shows...