January 6, 2025
United States:
Fed’s Barkin Sees ‘Delicate Balance’ as He Waits for New Data
Federal Reserve Bank of Richmond President Tom Barkin said the outlook for monetary policy remains in a delicate balance given the conflicting pressures from rising unemployment and still-high inflation.
Last year’s 75 basis points of policy easing means interest rates are now within the range of estimates for the so-called neutral rate, Barkin said, which he likened to taking out insurance.
Europe:
German Inflation Slowing Sharply to 2% Backs ECB Rate Hold
German inflation slowed more than expected at the end of last year, offering little reason for the European Central Bank to change its course.
Consumer prices rose 2% in December after a 2.6% gain the previous month, the Federal Statistics Office said Tuesday.
Asia:
Japan’s Stock Market Has Strongest Start to the Year Since 1990
Japanese stocks made their strongest start in several decades, buoyed by robust buying from overseas investors and individuals.
The Topix index and the Nikkei 225 climbed further on Tuesday, bringing their two-day gains to 3.8% and 4.3% respectively.
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