February 27, 2025
United States:
US Economic Growth Was Firm, Inflation Quickened at End of 2024
The US economy advanced at a healthy pace and inflation was more stubborn than initially estimated at the end of 2024.
Gross domestic product increased at an unrevised 2.3% annualized pace in the fourth quarter, according to the Bureau of Economic Analysis out Thursday. The economy’s primary growth engine — consumer spending — advanced at a 4.2% pace.
Europe:
ECB Officials Deemed It Safe to Keep Calling Policy Restrictive
European Central Bank officials were confident in continuing to describe their monetary-policy settings as restraining the economy, according to an account of their January meeting.
“It was widely felt that even with the current deposit facility rate, it was relatively safe to make the assessment that monetary policy was still restrictive,” a summary published Thursday showed.
Asia:
Yen Traders Raise Focus on Japanese Data as Economy Shifts Gears
Japanese economic data is gaining importance among yen traders for the first time in almost a decade, as expectations grow of further interest-rate hikes by the central bank.
That marks a mindset change since the Bank of Japan ended its negative-rates policy last March.
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