White House Adviser Kevin Hassett said that the core inflation is only 1.6%. He also claimed that we've got high growth and core inflation is about where we should be at a public appearance on Thursday.
The Bank of England (BoE) cut Bank Rate by 25bp to 3.75%, as expected. The 5-4 vote split was also in line with expectations, though markets had probably hoped for a stronger majority after yesterday’s inflation surprise, Rabobank's Senior Macro Strategist Stefan Koopman report.
The Bank of England (BoE) delivered a closely split rate cut as expected, stressing that policy decisions will become more finely balanced as the easing cycle nears its end, with only one more cut likely in early 2026, TDS' economists report.
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave key rates unchanged at the December policy meeting and responds to questions from the press.
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave key rates unchanged at the December policy meeting and responds to questions from the press.
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave key rates unchanged at the December policy meeting and responds to questions from the press.
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave key rates unchanged at the December policy meeting and responds to questions from the press.
There were 224,000 Initial Jobless Claims in the week ending December 13, a decrease of 13,000 from the previous week's revised level, the US Department of Labor (DOL) reported on Thursday. This reading came in better than the market expectation of 225,000.
The Euro (GBP) has seen little upside despite rising market expectations for interest rate hikes, with recent gains in EUR/USD largely reflecting a weaker US Dollar (USD) rather than stronger euro fundamentals, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.