On Thursday, American leader Donald Trump unveiled that he generally disliked the Fed’s decision to have interest rates lifted, telling that he was concerned about their probable impact on the American economy as well as American competitiveness…
Dip in British shop prices relieves
In June, prices in UK shops went down at the slowest annual tempo since November 2013, as the British Retail Consortium informed on Wednesday, telling it actually expects soaring inflation pressure to prompt outright price leaps soon.
Overall shop prices inched down 0.3% year-on-year in June, unlike a 0.4% in May. As for te food price component, it grew 1.4%.
The Bank of England is currently monitoring gauges of inflation pressure in the British economy, as it considers whether to lift interest rates from their record minimum or not.
Obviously, the year on year numbers debunk the fact that prices have been climbing up for the last six months. As follows from the considerable deflation in the second half of 2016, there has been huge ground to make up in the year on year data.
Cost pressures experienced by retailers keep mounting.
For the last four years the BRC price index has demonstrated a deflationary trend, provoked by supermarkets engaging in a price feud war and dipping global crude and food prices.
Inflation data is the most important indicator that affects the central bank’s monetary policy.
Although yesterday the US dollar index closed at the low level comparing to the daily movement, today it has been moving up again.
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…