January 25, 2024 On January 25, 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 unchanged at 4.50%, 4.75%, and 4.00%, respectively.
January 25, 2024 United States: US GDP Grew 3.3% Last Quarter, Capping Unexpectedly Strong Year The US economy’s fourth-quarter growth trounced forecasts as cooling inflation fueled consumer spending, capping a surprisingly strong year that defied recession calls. Gross domestic product increased at a 3.3% annualized rate, according to the government’s preliminary estimate out Thursday.
January 24, 2024 United States: US Home Purchase Applications Increase to Highest Since April Applications for home-purchase mortgages in the US rose to the highest level since April, signaling housing demand is picking up as borrowing costs hold below 7%. The Mortgage Bankers Association’s index of mortgage applications to buy a home increased 7.5% to 174.3
January 23, 2024 United States: Goldman’s Hatzius Sees US Soft Landing, Basis for March Fed Cut The Federal Reserve is on track to achieve a soft landing in the US economy, Goldman Sachs Group Inc.’s Chief Economist Jan Hatzius said, adding that a March interest rate cut “would make sense.” “The Fed is on
January 22, 2024 United States: Shift in Key Options Bet Suggests S&P 500 Can Rally Even Further Options traders are betting on more gains in the S&P 500 Index after it hit a record high on Friday. A slew of bullish wagers shifted the yardstick of what’s seen as the upper bound of the
January 19, 2024 United States: China Is Buying Up US Farmland, But Just How Much Isn’t Clear America is seeing more and more of its most fertile land snapped up by China and other foreign buyers, yet problems with how the US tracks such data means it’s difficult to know just how much. Foreign
January 18, 2024 Gas Price Movement - January 18, 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
January 18, 2024 United States: Fed’s Bostic Reiterates View Rate Cuts to Start in Third Quarter Federal Reserve Bank of Atlanta President Raphael Bostic said he wants to see more evidence inflation is on track toward the central bank’s 2% target, repeating that he doesn’t expect policymakers to cut interest rates until the third
January 17, 2024 According to England’s Office of National Statistics (ONS) the Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 4.2% in the 12 months to December 2023, same as it did in November. The Consumer Prices Index (CPI) rose by 4.0%, up from 3.9% in November. On a monthly basis, CPIH
January 17, 2024 According to the statistical office of the European Union (Eurostat), in December 2023, the Euro area annual inflation rate was 2.9%, up from 2.4% reported in November 2023. The prior year’s rate was 9.2%. Annual inflation in the European Union was 3.4% in December 2023, up from 3.1% in November 2023. The
