March 26, 2025
United States:
US Business Equipment Orders Fall for First Time in Four Months
Orders placed with US factories for business equipment unexpectedly declined in February, suggesting some companies are limiting investment as they await specifics on tariffs and tax policy.
The value of core capital goods orders, a proxy for investment in equipment excluding aircraft and military hardware, decreased 0.3% last month, the first drop since October, Commerce Department figures showed Wednesday.
United Kingdom:
UK Inflation Cools in Surprise Boon for Reeves and Rate Cuts
UK inflation unexpectedly cooled, strengthening the case for the Bank of England to cut interest rates again in May and providing a morale boost for Chancellor of the Exchequer Rachel Reeves ahead of a key economic statement Wednesday.
Consumer prices climbed 2.8% in February from a year earlier, slowing from 3% the previous month, the Office for National Statistics said.
Asia:
BOJ’s Ueda Keeps His Options Open by Reiterating Policy Stance
Bank of Japan Governor Kazuo Ueda indicated he aims to keep his options open ahead of the bank’s next policy meeting, as traders searched for hints on the next rate hike timing during three hours of questioning in parliament.
In delivering the bank’s semi-annual report to lawmakers Wednesday, Ueda reiterated the BOJ’s stance that it will continue to raise interest rates if its economic outlook is realized and refrained from making comments that gave any clear hints as to when the central bank might next hike rates.
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