The labor market data is deteriorating. Initial Jobless Claims started rising. What will happen with the unemployment rate and the Nonfarm Payrolls?
Tag - eur
New home sales in the US increased significantly. Conference Board reported that the Confidence Index rose too. Is the economy recovering? Check it out in our new review.
Experts expect the FOMC, ECB, and BOE to hike key rates further in 2023. Read the full article to learn more!
The Bank of England and the Turkish central bank increased the rates. Monetary authorities are tightening the monetary conditions. The market reacts 'selling on facts'
In May, against expectations of a slowdown, inflation stubbornly held at 8.7%, creating additional pressure on the Bank of England. This comes just a day before the anticipated 13th consecutive interest rate hike to curb price growth. The headline figure places British inflation at the top among major advanced economies. These numbers aren't exactly comfortable for Prime Minister Rishi Sunak, who aimed to cut inflation by half this year before the 2024 election. Moreover, they could lead to increased mortgage costs for homeowners.
The possibility of a US recession has ignited intense debates, especially as the labor market and consumer spending continue to demonstrate resilience despite aggressive interest rate hikes. However, hold on to your hats because Deutsche Bank is bringing a bold statement. They see a 100% probability of a US recession unfolding.
The Fed key rate was left at the same 5.25% level. Today we are waiting for the ECB decision.
According to the CME Fed Watch Tool, with an 89.6% probability, the Fed will leave the rate at the current level (5.25%). What will happen on the markets soon?
Bloomberg Economics says inflation will slow down from 4.9% to 4.0% due to the high base effect. JP225 breaks above its all-time high and more in FBS daily news report!
GDP in Europe is decreasing, but EURUSD jumped owing to the US labor market statistics.
Saudi Arabia agreed to cut oil production. What will happen with the oil price now?
The situation on the labor market still looks optimistic. Today we expect the Unemployment rate data. 3.5% is expected.