In August, overall inflation took a step back, but services inflation stood out with an annual rate of 4.2%. This increase from the previous month’s 4.0% has raised concerns, especially due to a possible “Olympic effect” in France. The Paris Games may have led to a temporary boost in services costs, adding a new and
Forecasts
The recent Aussie Labor Report has revealed that the unemployment rate in Australia is currently at its highest level since November 2021. This rise in unemployment has been attributed to an increase in labor supply rather than job losses. Despite the increase in unemployment, experts believe that this situation may not rush the Reserve Bank
As we head into the upcoming week, investors will be closely monitoring several key economic indicators that could have an impact on currency markets. One of the major points of interest will be the release of Australian retail sales data, which is scheduled for Wednesday. This report is expected to provide insights into consumer spending
The article highlights the changing dynamics in business price-setting behaviors, particularly in response to increased pressures on wages. It suggests that further analysis is needed to ascertain the implications of this trend. While the information provided is insightful, it lacks depth in explaining the specific factors driving these shifts in pricing strategies. A more thorough
When it comes to making financial decisions, it is crucial to conduct thorough research and due diligence. The information presented on websites, including analysis, opinions, and third-party content, is meant for educational purposes only. It is not a recommendation to take any specific action, such as making an investment or purchasing a product. Each individual
The Australian labour market has been displaying an impressive level of resilience, which is causing a headache for policymakers attempting to control inflation. Despite the recent Consumer Price Index (CPI) figures showing annual inflation in line with expectations, the sustained strength of the services sector, fueled by robust job market conditions, is posing a challenge
The upcoming week poses a critical juncture for the US dollar, as investors closely monitor the possibility of 2024 Fed rate cuts amidst concerns of a US economic downturn. The FOMC Meeting Minutes scheduled for Wednesday, August 21, are likely to draw significant attention from investors, shaping sentiment towards the US economy, labor market, and
In the world of finance, it is crucial to always conduct your own due diligence before making any decisions. The content provided on various websites, including general news and publications, can be helpful but should not be solely relied upon for making financial choices. It is essential to apply your own discretion, consult with knowledgeable
The Dollar Index (DXY) is currently experiencing a slight decline, trading at $102.911. A bearish engulfing candle has formed on the 4-hour chart after a retracement to the 38.2% Fibonacci level at $103.039, indicating the potential for further downside correction. Both the 50-day and 200-day EMAs are showing bearish momentum, positioned at $103.027 and $103.872
Online financial content can be a double-edged sword. While it can offer valuable information and insights, it is essential to approach it with caution. The disclaimers included in such content often serve as a reminder of the potential risks involved in relying solely on the information provided. One crucial aspect to consider when consuming online
The recent US Retail Sales report has sparked discussions among economists and analysts regarding its impact on the US economy. One notable comment comes from Arch Capital Global Chief Economist Parker Ross, who pointed out the significance of core services inflation bouncing back in July. This shift in inflation trends has raised concerns among Fed
Following the unexpected decision by the Bank of Japan to raise interest rates to around 0.25%, the financial markets experienced a series of reactions. The Yen rallied while the Nikkei 225 briefly collapsed. Economists have expressed concerns over the unwinding of the Yen carry trade, suggesting that more volatility could be on the horizon for
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