May 17, 2024 In April 2024, the annual inflation rate in the euro area remained constant at 2.4% when compared to March 2024. In the year earlier the annual inflation rate was 7.0%. In April 2024, the EU's annual inflation rate remained steady at 2.6% from March 2024. In the previous the annual inflation rate
May 17, 2024 United States: Fed Officials Suggest Interest Rates Should Stay High for Longer Several Federal Reserve officials said the central bank should keep borrowing costs high for longer as policymakers await more evidence inflation is easing, suggesting they’re not in a rush to cut interest rates. Cleveland Fed President Loretta Mester, New York
May 16, 2024 United States: Fed's Williams Sees No Current Reason to Change Stance of Policy Federal Reserve Bank of New York President John Williams said the latest US inflation data confirm price pressures are gradually easing but he still needs more evidence to adjust interest rates. “I don’t see any indicators now telling me,
May 15, 2024 Seasonally adjusted GDP grew by 0.3% across the EU and the euro area in the first quarter of 2024 compared to the prior quarter, according to a flash estimate released by Eurostat, the EU's statistical office. The GDP of the euro area fell by 0.1% in the fourth quarter of 2023, while
May 15, 2024 United States: US Core CPI Cools for First Time in Six Months in Relief for Fed A measure of underlying US inflation cooled in April for the first time in six months, a small step in the right direction for Federal Reserve officials looking to start cutting interest rates this year. The
May 14, 2024 According to recent World Bank data, private infrastructure spending in low- and middle-income nations reached $86 billion in 2023. Although investments decreased by 5% from 2022, they still matched the five-year average prior to that. More nations got private investments in infrastructure over a larger sample of projects, even though the overall
May 14, 2024 The total trade value of raw materials between the European Union and the rest of the world in 2023 was €165 billion (imports plus exports). There was a €29 billion trade deficit as a result of lower exports (€68 billion) than imports (€97 billion). The EU's overall raw material trade increased by
May 14, 2024 United States: US Producer Prices Top Forecasts, But Details Offer Some Relief US producer prices rose in April by more than projected, though key components that feed into the Federal Reserve’s preferred inflation gauge were more muted. The producer price index for final demand increased 0.5% from a month earlier, driven largely
May 13, 2024 United States: Stubborn Inflation Poses Risk to Recently Upgraded US Forecasts for Economic Growth So far, 2024 isn’t going quite how it was supposed to for the US economy: Inflation has been higher than expected and household spending seems to have lost some momentum. Those trends represent a new risk for economic
May 10, 2024 United States: Fed’s Daly Says ‘More Time’ Needed for Restrictive Rates to Work Federal Reserve Bank of San Francisco President Mary Daly said interest rates are currently restraining the economy, but it may take “more time” to return inflation to the central bank’s goal. “We are restrictive, but it might take more
