February 24, 2025
United States:
Fed’s Goolsbee Plays Down Jump in Inflation Expectations
Federal Reserve Bank of Chicago President Austan Goolsbee downplayed a report released last week that showed an increase in consumers’ expectations for future inflation.
The figure “wasn’t a great number,” Goolsbee said Sunday in an interview on News Nation. “But it’s only one month of data. You need at least two or three months for that to count.”
Europe:
German Business Optimism Grows as Firms Weigh Vote, Tariffs
Optimism among German companies grew, feeding hopes of a turnaround for Europe’s largest economy that may also benefit from a change in government following elections on Sunday.
An expectations index by the Ifo institute rose to 85.4 in February from 84.3 the previous month. This was above the 85 median estimate in a Bloomberg survey.
Asia:
China’s Local Government Bond Rush Worsens Liquidity Strain
China’s local governments are rushing to issue bonds to refinance hidden debt, further tightening liquidity in the financial system.
Regional authorities are set to sell 1.69 trillion yuan ($233 billion) of bonds in the first two months of 2025, an unprecedented amount for the period, data compiled by Bloomberg show.
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