The latest Reuters poll reveals that economists are predicting a decrease in headline year-over-year inflation to +2.6%, which is 0.3 percentage points lower than July’s figure of +2.9%. The estimated range falls between +2.6% and +2.4%. On the other hand, core inflation, excluding energy and food components, is expected to remain steady at +3.2% compared
France finds itself in a precarious financial situation as the country has requested an extension from the European Commission beyond the initial September 20 deadline to submit a plan to reduce its public deficit. The finance ministry has stated that this extension is necessary to align with Paris’ 2025 draft budget, as reported by La
The inflation rate in Egypt is expected to see a decrease for the sixth consecutive month in August, largely due to a favourable base effect. However, analysts are warning that there may be a month-on-month increase as a result of recent government-led price hikes. The government’s decision to sign an $8 billion financial support package
The US Jobs Report for August revealed an increase of 142k payrolls. This data is crucial as it can influence the USD/JPY pairing significantly. The job market is a key indicator of the overall health of the economy and can impact investor sentiment towards the US dollar. On September 13, the Michigan Consumer Sentiment Index
Janet Yellen, the current U.S. Treasury Secretary, made remarks at the Texas Tribune Festival in Austin regarding her future plans. She mentioned that she is “probably done” serving at the highest levels of government after President Biden’s term ends in January. Although she did not entirely rule out the possibility of continuing in her role
The year 2024 has seen a surge in exchange-traded fund inflows, surpassing previous monthly records. Managers are closely monitoring this trend as they anticipate the impact of the money market fund boom on ETF inflows by the end of the year. Nate Geraci, president of The ETF Store, highlighted the significance of the $6 trillion
Recent events in France have sparked mass protests across the country, all stemming from President Emmanuel Macron’s decision to appoint centre-right Michel Barnier as prime minister. This move has led to accusations from left-wing parties of Macron stealing the legislative elections. Accusations of Democracy Denial The left, particularly the far-left France Unbowed (LFI) party, has
Elizabeth Street Garden, a cherished public oasis in lower Manhattan, faces imminent eviction to make way for a new housing development project. The garden, founded in 1991 by an antiques gallery owner, has become a symbol of community and respite in the crowded Little Italy neighborhood, immortalized in films like “Mean Streets” starring Robert De
The promise of a resurgence in U.S. manufacturing has been a hot topic in recent years. However, the reality is far from the optimistic picture painted by political figures. The decline of U.S. manufacturing over the last few decades is evident in the data. While there have been modest increases in output in certain industries
Thailand’s Prime Minister Paetongtarn Shinawatra has announced that her new government will focus on stimulating the economy immediately. Following a special cabinet meeting to fine-tune policies, she is set to present her plans at a parliamentary meeting later this week. Paetongtarn, who took office after the ousting of former premier Srettha Thavisin due to ethical
Recent reports from Bloomberg News suggest that the U.S. Federal Reserve, along with other regulators, is gearing up to introduce significant revisions to proposed bank capital rules. These changes, totaling up to 450 pages, would focus on key aspects such as operational risk provisions. One of the crucial modifications in the revised proposal involves a
Gold prices have been on the rise, with a troy ounce of the precious metal currently priced at 2517 USD. The market is eagerly awaiting the release of August’s crucial US employment report, as it could have a significant impact on the Federal Reserve’s interest rate outlook. Lower interest rates are expected to reduce the
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