BoJ’s Summary of Opinions from the July 30-31 meeting reveals that board members discussed further rate hikes after implementing the second interest rate increase this year at the meeting. One member’s opinion stood out, suggesting that, assuming the price stability target is achieved in the second half of fiscal 2025, BoJ should raise the policy […]
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Canada’s GDP grew 0.2% mom in July, above expectation of 0.1% mom. Services-producing industries grew 0.2% mom while goods- producing industries rose 0.1% mom. Overall, 13 of 20 sectors expanded in July. Advance information indicates Read more…
US personal income rose USD 50.5B or 0.2% mom in August, below expectation of 0.4% mom. Personal spending rose USD 47.2B or 0.2% mom, below expectation of 0.3% mom. PCE price index rose 0.1% mom, Read more…
The Federal Reserve’s preferred measure of inflation edged higher in August, data indicated Friday, but the overall readings show moderating pressures heading into the autumn months and added to bets on more Federal Reserve rate Read more…