Macroeconomics


2024-08-26

[News] Japan Core CPI Picks Up, Market Expects Another Rate Hike by Year-End

The Japanese Ministry of Internal Affairs and Communications (MIC) released the consumer price data on August 22, showing that the July CPI increased by 2.8% year-over-year, the same as the previous month, and slightly above market expectations by 0.1%. This sustained growth was mainly due to a ...

2024-08-23

[News] U.S. Jobless Claims Slightly Increase Last Week, with Continuing Claims Nearing 2021 Highs

The U.S. Department of Labor released the unemployment insurance weekly claims report on August 22. Initial claims for unemployment benefits for the previous week were 232,000, an increase of 4,000 from the revised figure of the prior week. The four-week moving average was 236,000, a decrease of 75...

2024-08-22

[News] July FOMC Meeting Minutes Highlight Rising Labor Market Risks, Indicating Dovish Policy Outlook

The Federal Reserve released the minutes of the July FOMC meeting on August 21, providing insight into the views of Fed officials on the current economic conditions and outlook:   Inflation: Inflation has eased compared to a year ago, with core PCE rising 2.6% year-over-year in June. Alth...

2024-08-21

[News] Eurozone CPI Edges Up to 2.6%, with Rate Cut Expected in September

Eurostat released the July CPI data for the Eurozone on August 20, showing an annual growth rate of 2.6%, slightly up by 0.1% from the previous month and in line with market expectations. The three countries with the lowest annual inflation rates were Finland (0.5%), Latvia (0.8%), and Denmark (1....

2024-08-20

[News] China Keeps Loan Prime Rates Unchanged, though July Economic Data Shows Ongoing Growth Pressure

The People's Bank of China (PBOC) announced on August 20 that the 1-year and 5-year Loan Prime Rates (LPR) would remain unchanged at 3.35% and 3.85%, respectively, in line with market expectations. In July, the PBOC had lowered the 7-day reverse repo rate, leading to a 10 basis point reduction in bo...

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