The gauge of regional manufacturing activity jumped to its highest level since 2021, far exceeding economist expectations of 13.0. The Philadelphia Fed’s manufacturing index climbed to 41.4 in July, up sharply from June’s 10.3 reading and well above the 13.0 consensus fore
Bank of England policymaker signals no immediate rate hikes as inflation would hit 2% target without geopolitical shocks. Bank of England Deputy Governor Sarah Breeden stated that UK inflation would currently be at the 2% target if not for the inflationary effects of the I
A Federal Reserve note highlights foreign dependence on AI equipment could deepen the U.S. current account gap by 2025. The U.S. current account deficit may widen due to the artificial intelligence boom, according to Federal Reserve research. The note estimates 90% of high
Gold prices rise as US producer price data reduces July Fed rate hike probability to 12%, down from 31% a week ago. Gold extended gains for a second session after softer-than-expected US producer price data weakened the dollar and Treasury yields. The data eased inflation
Swiss National Bank minutes show policymakers see stable inflation but warn of short-term risks from Middle East conflict. The Swiss National Bank left monetary policy unchanged at its June meeting, citing stable inflation pressures and appropriate monetary conditions. Pol
90.4% of households anticipate higher prices in a year The Bank of Japan's quarterly survey showed that 90.4% of Japanese households expect prices to rise in the next year. This is up from 83.7% in the previous survey. The increase in expected price increas
The central bank raises its benchmark rate to curb inflation and stabilize the currency after unanimous market expectations. The Bank of Korea increased its benchmark interest rate by 25 basis points, marking a move to address persistent won depreciation and inflationary p
Sentencing of former Fed official highlights risks of foreign intelligence targeting U.S. economic data and Fed security protocols. A former senior Federal Reserve adviser was sentenced to 38 months in prison for lying about sharing restricted information with Chinese cont
World Cup brings tourism boost to host cities The FIFA World Cup has provided a tourism boost to host cities, with median admissions prices topping $900. The event has had a positive impact on local bars and restaurants, with some reporting higher beer sales and stron
Federal Reserve official Alberto Musalem warns inflation persistence may necessitate further rate hikes within months. Federal Reserve official Alberto Musalem has reiterated concerns over persistent inflation, suggesting a rate hike may be necessary if price pressures do
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