U.S. Highlights Headline PCE inflation came in flat for the month of May and core PCE inflation eased. Personal income posted a strong gain last month, while spending growth was more moderate, leading to an uptick in the savings rate. The heat in the economy still looks mainly to be in the service sector, as […]
The post The Weekly Bottom Line: Services Spending and Prices Starting to Settle appeared first on Action Forex.
Minutes of RBA’s June meeting emphasize the need to remain “vigilant to upside risks to inflation”. The RBA noted that the information received since the previous meeting reinforced this need, underscoring the “extent of uncertainty” Read more…
Hybrid – 17 and 18 June 2024 Members participating Michele Bullock (Governor and Chair), Andrew Hauser (Deputy Governor), Ian Harper AO, Carolyn Hewson AO, Steven Kennedy PSM, Iain Ross AO, Elana Rubin AM, Carol Schwartz Read more…
The NZIER Quarterly Survey of Business Opinion for Q2 reveals increasing pessimism among New Zealand firms. A net 44% of firms are now pessimistic about the economy’s outlook over the next six months, up from Read more…