April 17, 2024 According to England’s Office of National Statistics (ONS) the Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 3.8% in the 12 months to March 2024, same as it did in February. The 12 months Consumer Prices Index (CPI) rose by 3.2%, down from 3.4% in February. On a monthly
April 17, 2024 According to the statistical office of the European Union (Eurostat), in March 2024, the euro area annual inflation rate was 2.4%, down from 2.6% reported in February. The prior year’s rate was 6.9%. Annual inflation in the European Union was 2.6% in March 2024, down from 2.8% in February. The rate was
April 17, 2024 United States: US 30-Year Mortgage Rate Rises to a Four-Month High of 7.13% US mortgage rates climbed to a four-month high last week, potentially signaling a bumpier recovery for the residential real estate market. The contract rate on a 30-year fixed mortgage rose 12 basis points to 7.13% in the week
April 16, 2024 United States: IMF Steps Up Its Warning to US Over Spending and Ballooning Debt The International Monetary Fund leveled an unusually direct criticism at US policymakers Tuesday, saying the country’s recent standout performance among advanced economies was in part driven by an unsustainable fiscal policy. “The exceptional recent performance of the United States
April 15, 2024 United States: Fed’s Williams Still Expects Rate Cuts to Begin This Year Federal Reserve Bank of New York President John Williams said the central bank will likely start lowering interest rates this year if inflation continues to gradually come down. Williams said monetary policy is in a good place, and pointed
April 12, 2024 United States: US Lawmakers Plan to Extend Africa Trade Pact AGOA Through 2041 US senators introduced a bill to extend the nation’s trade program with about 40 sub-Saharan African nations until 2041, helping them maintain duty-free access to the world’s biggest economy. Jim Risch, a Republican from Idaho, and Delaware Democrat
April 11, 2024 Gas Price Movement - April 11, 2024 Disclaimer: Analyst Certification - The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no
April 11, 2024 Effective April 11, 2024, the Governing Council made the decision to keep the three key interest rates set by the European Central Bank (ECB) unchanged. Therefore, the interest rate on the main refinancing operations, the marginal lending facility, and the deposit facility will all remain at 4.50%, 4.75%, and 4.00%, respectively. The
April 11, 2024 United States: Williams Signals Fed Still Has Work to Do in Its Inflation Fight Federal Reserve Bank of New York President John Williams said the central bank has made “tremendous progress” toward better balance on its inflation and employment goals, but acknowledged policymakers are not yet done. “The economy has come
April 10, 2024 United States: US Core CPI Tops Forecasts Again, Likely Delaying Fed Rate Cuts A measure of underlying US inflation topped forecasts for a third straight month, heralding a fresh wave of price pressures that will likely delay any Federal Reserve interest-rate cuts until later in the year. The so-called core consumer
