U.S. Inflation Gauge Shows Signs of Easing: Slowest Growth Since May
The latest data from the U.S. Commerce Department has revealed a significant cooling in inflation rates, marking the slowest increase since May. This news comes as a relief to both consumers and policymakers, raising optimism about the potential stabilization of the economy as we head into 2024.
Continue reading
U.S. Inflation Metrics Show Expected Rise, Prompting Discussion Among Economic Experts
The latest data from the U.S. Bureau of Economic Analysis reveals that the Fed’s preferred gauge for inflation—the Personal Consumption Expenditures (PCE) Price Index—has experienced an uptick in accordance with economic forecasts. This report has sparked renewed discussions among economic analysts and policymakers regarding the ongoing trends in inflation and potential implications for future monetary policy.
Continue reading
BPCE's Banco Primus Plans to Offload Remaining Spanish Loans Amid Restructuring Efforts
In a strategic move to streamline operations and enhance its financial position, BPCE's Banco Primus is reportedly preparing to sell off its remaining portfolio of Spanish loans. This decision comes as part of a broader initiative to recalibrate its business strategy and focus on core markets in light of evolving economic dynamics.
Continue reading
European Central Bank Official Advocates for Gradual Interest Rate Increase to 2%
In a recent statement, ECB's chief economist, Philip Centeno, expressed his support for a methodical approach to raising interest rates, suggesting that a target of 2% should be achievable. This announcement comes amidst ongoing discussions within the European Central Bank regarding inflation rates and economic stability across the Eurozone.
Continue reading
Trump's Trade Policies Complicate Inflation Forecasts in Key Federal Reserve Metric
In a recent analysis, former President Donald Trump's trade policies have emerged as a significant factor in muddying the inflation outlook for the U.S. economy. Economists are increasingly concerned that the uncertainty surrounding trade tariffs and their impacts on the market are obscuring the Federal Reserve's preferred measure of inflation.
Continue reading
Fed's Preferred Price Gauge Projected to Hit 2% Goal by Early 2025
The PCE price index-the Fed's preferred gauge of inflation-is seen hitting the central bank's 2% target in early 2025. Economists at Bloomberg Economics said that the long period of above-target inflation may finally be approaching its end.
Continue reading
Fed’s Favored Inflation Gauge and Consumer Spending Barely Rise in August
The Federal Reserve's preferred inflation measure showed only modest increases for the month of August, perhaps a sign of relief for U.S. consumers and policymakers working hard to get the rate of inflation under control. When taken together with only moderate increases in spending by consumers, the figures may suggest that the economic pressures are abating more than initially anticipated.
Continue reading