According to the US Consumer Price Index (CPI) statistics for August, the core index excluding food and energy increased more than expected from the previous month, leaving room for further interest rate hikes by the US Financial Authority. US core CPI accelerates month-on-month for the first time in six months in August – paving the … Read more
In the financial and securities markets on the 11th, long-term interest rates soared on speculation that Bank of Japan Governor Kazuo Ueda had signaled tightening of monetary policy, including ending the negative interest rate policy. Due to high interest rates, the yen rose sharply in the foreign exchange market, and bank stocks rose sharply in … Read more
In a video speech at the 2023 China International Trade in Services Fair, which opened in Beijing on the 2nd, Chinese President Xi Jinping announced that the country will continue to open up while pursuing its own development path. There are persistent concerns among investors about the country’s economy. China’s state-run Central Television (CCTV) reported … Read more
A slowdown in the U.S. job market gives the Fed room to hold off rate hikes at this month’s Federal Open Market Committee (FOMC) meeting. The Bureau of Labor Statistics announced on the 1st that non-farm payrolls (business establishment survey, seasonally adjusted) increased by 187,000 in August from the previous month. Employment figures for June … Read more
Cleveland Federal Reserve Bank President Loretta Mester said inflation in the United States, despite recent improvements, was still too high. He also acknowledged that the labor market remains strong. The governor spoke at a conference hosted by the Cleveland Federal Reserve Bank and the European Central Bank (ECB) on the 1st. Policymakers should look to … Read more
The US Real Gross Domestic Product (GDP) revision for April-June (second quarter) has been revised downward from the preliminary figures. Although private consumption was revised upward, the downward revision of capital investment affected the overall figures. Key point U.S. real gross domestic product (GDP) revised at an annual rate of 2.1% quarter-on-quarter Revised downward from … Read more
In the United States, new claims for unemployment insurance fell last week to a three-week low. This suggests that demand for workers is still healthy. Key point U.S. initial unemployment claims in the week ending on the 19th decreased by 10,000 from the previous week to 230,000 The median economist forecast was revised to 240,000 … Read more
In the US, new claims for unemployment insurance fell last week. The decline was the largest in five weeks. Against the backdrop of a robust economy, a situation emerges that employers are reluctant to cut jobs. Key points U.S. initial unemployment claims in the week ending Aug. 12 fell 11,000 to 239,000 The median economist … Read more
U.S. housing starts rose in July. Amid limited supply in the second-hand housing market, an increase in single-family housing starts drove overall sales. Key points Housing starts up 3.9% month-on-month at an annualized rate of 1,452,000 units The median forecast for the previous month was revised down to 1,398,000 units (preliminary estimate: 1,434,000 units) Single-family … Read more
Federal Reserve Bank of Minneapolis President Neel Kashkari said on Thursday that the U.S. was making positive moves to curb inflation, but that the pace of inflation was more than policymakers could tolerate. . “Inflation is slowing right now. But he said inflation was “still too high.” He will vote at this year’s Federal Open … Read more