China’s exports experienced a welcomed boost in December, showcasing a faster growth rate compared to the previous month. However, it is important to recognize that deflationary pressures continued to persist, indicating the need for further policy easing measures to strengthen an economy that still bears significant weaknesses as it enters 2024. While this surge in
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The US stock market experienced a tumultuous day on Thursday as higher-than-expected inflation figures shook investor confidence. The Consumer Price Index (CPI) inflation came in broadly above market expectations, leading to a decline in equity indexes and a surge in safe-haven assets. However, the market managed to regain its footing later in the day, thanks
The annual inflation rate saw a slight uptick in December, ending a two-month decline. While some might find this concerning, economists argue that the reversal is not necessarily a cause for alarm and could even be misleading. According to Sarah House, a senior economist at Wells Fargo Economics, the country is still making progress in
Argentina’s annual inflation rate has reached a staggering 211% in December, marking its highest level since the early 1990s. The newly-elected libertarian President Javier Milei has implemented tough austerity measures in an attempt to combat hyperinflation. This article will delve into the causes and consequences of Argentina’s skyrocketing inflation rate. As a response to the
Japan’s Nikkei225 index has reached new highs, surpassing levels not seen since February 1990. The recent surge in the index has been attributed to several factors, including a significant drop in expectations that the Bank of Japan would unwind its ultra-soft monetary policy. Additionally, the aftermath of the 1 January earthquake and a slower growth
The Federal Reserve officials have projected a possible cut in the benchmark overnight interest rate in 2024. However, the timing and pace of these reductions will depend on several key factors, including inflation and jobs data. The upcoming policy meeting of the Federal Reserve, scheduled for January 30-31, will provide further insight into the potential
The USD/JPY currency pair has once again demonstrated its resilience as the US dollar rallied against the Japanese yen. Amidst the market’s noisy behavior, the pair initially pulled back to the 145 yen level, creating an anticipation for potential support. True to expectations, the market found its footing and showed signs of strength. The current
The AUD/USD exchange rate experienced a slight gain of 0.19% after a previous decline of 0.49% during the previous session. This article explores the potential impact of trade data from Australia and US inflation numbers on the Australian dollar. The analysis delves into the trade relationship between Australia and China, as well as the labor
The Euro (EUR) has shown strength in the currency market, gaining ground against other major currencies. Despite cautious statements from European Central Bank (ECB) policymakers, the Eurozone’s November Unemployment Rate ticking lower has helped bolster the Euro. This positive data has outweighed the contractionary economic activity figures, surprising investors with better-than-expected results. The Euro has
Economists are predicting an increase in headline inflation, with a projected rise of 0.2% in December. This would push the year-over-year inflation rate from 3% to 3.2%. While the Federal Reserve primarily focuses on core inflation, which excludes food and energy prices, headline inflation is crucial for consumers as it encompasses these essential costs. This
The U.S. stock market closed higher on Wednesday, driven by strong performances from megacap companies. However, gains were limited as investors awaited inflation reports and major bank earnings later in the week. Despite the positive momentum, stocks have struggled to find consistent upward movement, with mixed economic data and Federal Reserve officials’ comments impacting investor
Treasury Secretary Janet Yellen has expressed her concerns over former President Donald Trump’s proposal to raise tariffs by 10% across the board. Yellen emphasized that such a plan would ultimately lead to increased costs for American businesses and consumers. While acknowledging the fact that tariffs can be appropriate in certain cases, Yellen indicated that implementing