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Economy

Bank of England Governor Calls for Stronger UK-EU Ties Post-Brexit

Bank of England Governor Andrew Bailey has issued a call for the UK to "rebuild relations" with the European Union, marking his strongest public comments yet on the impact of Brexit, reports the BBC. While emphasizing that he takes "no position on Brexit per se," Bailey

US Retail Sales Rise in October, Signaling Continued Consumer Strength

Americans increased their spending at retail stores in October, indicating sustained consumer demand and driving steady economic growth, reports The Associated Press. Retail sales rose 0.4% from September to October, according to the Commerce Department's Friday report. While this represents a moderation from September's robust

JGB Yields Edge Up, Investors Await US & Japan Economic Signals

Japanese government bond (JGB) yields edged higher on Tuesday, tracking a rise in US Treasury yields during Asian trading hours, according to Reuters. Investors are awaiting fresh signals on the economic outlooks for both the United States and Japan. The 10-year JGB yield rose 0.5 basis point (bps) to

China's Record Trade Surplus May Fuel Tensions

China's trade surplus is on track to reach a record-breaking $1 trillion this year, a development that could exacerbate trade tensions with the US and other major economies, reports Bloomberg. The widening trade surplus, which reached $785 billion in the first ten months of 2024, represents a 16%

Egypt's Inflation Inches Up to 26.5% in October

Egypt's headline inflation edged up slightly in October, reaching 26.5% compared to 26.4% in September, according to data released by the statistics agency CAPMAS on Sunday. The increase, while modest, marks the third consecutive month of rising inflation. The median forecast of 17 analysts had predicted

US Disinflation Stalls, Highlighting Tough Road Ahead

US inflation likely remained stagnant in October, highlighting the uneven pace of easing price pressures as the Federal Reserve aims to return inflation to its target, reports Bloomberg. The core consumer price index (CPI), which excludes food and energy, is projected to have risen at the same pace on both

BOJ Policymakers Divided on Pace of Rate Hike

The Bank of Japan (BOJ) remains divided on the appropriate timing for raising interest rates, according to a summary of opinions from its October policy meeting released on Monday, reports Reuters. Several board members expressed concern about the potential for renewed market volatility if rates are raised too quickly. They

Turkey Raises Inflation Forecasts, Aligning With Market Expectations

Turkey's central bank has revised its inflation forecasts for 2024 and 2025 upwards, bringing them closer to market expectations, reports Bloomberg. This move follows two consecutive months of price gains exceeding initial estimates. Officials now project inflation to reach 44% at the end of this year and 21%

China Unveils $837 Billion Debt Swap to Tackle Local Government Risks

China is taking a major step to address the growing risk posed by local government debt, announcing a plan to swap 6 trillion yuan ($837.7 billion) in off-balance sheet or "hidden" debt for bonds over the next three years, reports Reuters. The move comes as China'

Fed Cuts Rates But Trump's Re-Election Casts Shadow Over Future Policy

The Federal Reserve on Thursday lowered interest rates by a quarter percentage point, marking the second consecutive rate cut as the central bank continues to support the US economy. However, the re-election of Donald Trump, known for his criticism of the Fed and his potential to influence monetary policy, has