CA BOC Interest Rates Decision | May 24, 2017 | Forex News Trade

CA BOC Interest Rate today is expected to keep rates unchanged as there are practically no chance for another rate action today.  If anything, we should be looking at further easing on monetary policy as last week’s CPI came in at 1.3% y/y headline and Core (Trim) came in at 1.6% y/y. Considering last Rate […]

BOE warns of near-term squeeze on consumers as result of Brexit

The Bank of England has warned households that living standards will fall this year as the effect of the Brexit vote works its way through to higher prices and meagre pay deals. Presenting a sober assessment of the economic outlook just weeks before the general election on 8 June, the Bank’s governor Mark Carney predicted living standards could start to recover in 2018 but , in the meantime, inflation would be higher than pay growth this year making it a “more challenging time” for households…

U.S. CPI rises 0.2% in April amid rising cost of gasoline, food and rents

WASHINGTON – U.S. consumer prices rebounded in April amid increases in the cost of gasoline, food and rents, pointing to steadily rising inflation that could keep the Federal Reserve on track to raise interest rates next month. The Labor Department said on Friday its Consumer Price Index rose 0.2 percent after dropping 0.3 percent in March. The rise in prices suggested that March’s drop, which was the first in 13 months, was an aberration…

U.S. jobless claims unexpectedly falls, producer prices up 0.5%

New applications for U.S. jobless benefits unexpectedly fell last week while producer prices rebounded strongly in April, pointing to a tightening labor market and rising inflation that could spur the Federal Reserve to raise interest rates in June. Labor market strength was also underscored by a sharp drop in the number of Americans on unemployment rolls to a 28-1/2-year low in the final week of April…

Fed has met employment goal, near inflation goal: Cleveland Fed Mester

The U.S. Federal Reserve has now met its employment goal and is nearing its inflation goal, despite some weak recent economic data, so it should continue raising interest rates, Cleveland Fed President Loretta Mester said on Monday. In a speech that largely reinforced her upbeat view of the U.S. economy, Mester, a hawkish Fed policymaker, said that while risks are “roughly balanced” the central bank should not delay further policy tightening until its two key mandates are fully met…

NZ RBNZ Interest Rates | May 10, 2017 | Currency News

RBNZ Interest Rates decision today is expected remain at the current level of 1.75% as there are practically no forecasts of a change.  In the highly unlikely event of a surprise rate action, we should see plenty of market reaction and opportunity to take a trade… 5:00pm (NY Time) RBNZ Interest Rates Decision Forecast 1.75% […]

Fed downplays weak Q1 economic growth, puts emphasis on labor market strength

The U.S. Federal Reserve kept interest rates unchanged on Wednesday and downplayed weak first-quarter economic growth while emphasizing the strength of the labor market, in a sign it was still on track for two more rate rises this year. In a bullish statement following the end of a two-day policy meeting, the central bank also said consumer spending continued to be solid, business investment had firmed and inflation has been “running close” to the Fed’s target…

Fed may have to cut rates if Trump can’t boost economy

The Federal Reserve didn’t raise interest rates on Wednesday, but it is still likely to do so at least one (if not two) more times this year. Or so, Wall Street thinks. But what happens if President Trump is not able to push any meaningful legislation through Congress this year? In particular, if he’s unsuccessful in getting tax reform done, is there any chance the economy could keep growing at a healthy rate?…

Fed expected to hold rates at 1.00%; Investors see June rate hike

The U.S. Federal Reserve is expected to hold interest rates steady at its meeting this week as it pauses to parse more economic data but may hint it is on track for an increase in June.
The central bank is scheduled to release its policy decision at 2 p.m. EDT (1800 GMT) on Wednesday at the conclusion of its two-day meeting. Fed Chair Janet Yellen is not due to hold a press conference…

Key Facts For The Upcoming FOMC Meeting

The Fed is not likely to hike rates yet again, at least not in the immediate meeting after the March rate hike,  that is, of course, the consensus; however, considering how much these so-called “economists” have gotten wrong over the past few years, if it were up to me, I’d say anything goes, although the […]

AU CPI q/q | April 25, 2017 | Currency Trading

The AU CPI figure today will be crucial for AUD as a strong surprise will change the short-term momentum for the currency, especially considering the recent strength in the USD… At any rate, we’d only recommend a trade if we get our tradable deviation. Here is the current forecast: 9:30pm AU CPI q/q Forecast 0.6% […]

Inflation puts the brakes on Britain’s economic activity

Official GDP estimate – due on Friday – will reflect how weaker pound has pushed up the cost of imported goods

Britain’s economy cooled considerably in the first three months of the year as higher inflation put a squeeze on disposable incomes, official figures are expected to show this week.

The economy shrugged off the shock of the Brexit vote last June and has been surprisingly resilient, with growth rates of 0.5% in the third quarter of 2016 and 0.7% in the final quarter.

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