The United States Census Bureau is scheduled to release Retail Sales data on Thursday, with expectations of a 0.8% expansion in February. This data is crucial for understanding consumer spending patterns in the US economy and can have implications for monetary policy decisions by the Federal Reserve. The upcoming Retail Sales report is anticipated to
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The GBP/USD pair has seen a decent increase above the 1.2800 resistance level, showing signs of a bullish trend. On the 4-hour chart, there is a major bullish trend line forming with support at 1.2790, indicating a positive outlook for the pair. Following a correction from a high of 1.2893, the pair is now attempting
Gold prices in Pakistan have experienced a noticeable decline recently, with the price for 24-carat Gold falling to 19,254.27 Pakistani Rupees (PKR) per gram. This decrease from the previous day’s price indicates a shift in market dynamics that can be attributed to various factors. One of the key factors influencing the price of Gold in
Bitcoin’s price surge has brought attention to its upcoming “halving” event, sparking debates about its significance. The halving involves a change in bitcoin’s blockchain technology to decrease the rate at which new bitcoins are created. Satoshi Nakamoto, the pseudonymous creator of bitcoin, designed it to have a capped supply of 21 million tokens, with the
The relationship between wage growth, consumer spending, and inflation is a complex one that is constantly evolving. Recently, wage growth and consumer spending have been identified as key drivers of demand-driven inflation. This has significant implications for central banks, policymakers, and investors around the world. While there are no economic stats from Australia at the
Consumer spending is a crucial factor when it comes to assessing inflation trends. The article suggests that upward trends in consumer spending could potentially fuel demand-driven inflation. This means that if consumers are spending more, there is an increased demand for goods and services, which can lead to higher prices. This is important to consider
In today’s global economy, central banks play a crucial role in shaping monetary policy to ensure economic stability. One key factor that central banks often consider is the impact of wage negotiations on inflation and consumer spending. In this article, we will delve into the relationship between wage negotiations, central bank policies, and their implications
The GBP/USD pair is struggling to break above the 1.2800 barrier due to the recent stronger US Dollar driven by the February CPI inflation data. The US CPI rose 0.4% MoM and 3.2% YoY, exceeding market expectations. This stronger-than-expected inflation data may delay Federal Reserve rate cuts, causing the USD to gain strength against the
In a surprising move, Toyota Motor has agreed to give factory workers their biggest pay increase in 25 years. This decision has set a precedent for other major companies in Japan, such as Panasonic, Nissan, and Nippon Steel, to follow suit. This significant pay raise comes at a time when the central bank is considering
In 2023, global dividend payouts to shareholders reached a staggering $1.66 trillion, marking a 5% increase from the previous year. These findings, as reported by British asset manager Janus Henderson, highlight the resilience and growth of dividend distributions worldwide. The fourth quarter of the year in particular saw a significant 7.2% rise in payouts, demonstrating
The recent report from the US Bureau of Labor Statistics revealed that the Consumer Price Index (CPI) in the US rose to 3.2% year-over-year in February, slightly higher than the previous month’s 3.1%. The Core CPI, which excludes volatile food and energy prices, also increased to 3.8% year-over-year. The main contributors to this increase were
Ken Griffin, the founder and CEO of Citadel, recently shared his thoughts on the Federal Reserve’s approach to cutting interest rates in response to inflation. He emphasized the importance of proceeding with caution and avoiding rapid adjustments that could lead to unintended consequences. Griffin expressed his belief that the Federal Reserve should resist the urge