By Priya Raman
Economist by training. Covers central banks, inflation, jobs data and the policy decisions that shape the cycle.
Westpac Warns of 25% Recession Risk as Australian Economy Stalls
Westpac estimates a 25% probability that Australia's economy shrank in the June quarter, with its nowcast pegging growth at just 0.2%. The b
Tokyo Inflation Edges Up to 1.6% but Stays Below BOJ Target Ahead of July Meeting
Tokyo's core inflation ticked up to 1.6% in June, but remains below the Bank of Japan's 2% target. The reading, a key early signal for natio
Crown Estate Profit Drops 13% as Offshore Wind Fees Shift to Construction Phase
The Crown Estate's annual profit fell 13% to £1.245 billion as offshore wind option fees from Round 4 projects shrank during the constructio
Banxico Holds Rate at 6.50%, Ending Two-Year Easing Cycle
Banxico held its benchmark rate at 6.50% in a unanimous vote, ending a two-year easing cycle. The bank flagged upside inflation risks and se
Energy Stocks Surge After Iran Strikes Ship in Strait of Hormuz, Oil Jumps 2.9%
Oil prices jumped 2.9% after Iran's IRGC struck a ship in the Strait of Hormuz, lifting energy stocks. Oilfield services shares surged 2.3%,
Fed's Preferred Inflation Gauge Hits 4.1% as El Niño Threat Looms
The Federal Reserve's favored inflation measure, the PCE, rose to 4.1% in May, its fastest pace in over three years. Core PCE also hit a new
CME Explores Wind Derivatives for Power Markets in Texas, UK, Germany, Australia
CME Group is exploring new wind derivatives for major power markets, including Texas, the UK, Germany, and Australia's Victoria state. The c
Hong Kong Trade Deficit Widens to HK$44.2 Billion as AI Demand Fuels Import Surge
Hong Kong's trade deficit widened to HK$44.2 billion in May, even as exports surged 40.8% on AI-related electronics. Imports rose even faste
US Q1 Growth Revised Up to 2.1%, but Consumer Spending Slumps to 0.5%
The US economy grew faster than initially thought in the first quarter, but the engine of growth shifted away from consumers. That raises qu
Saudi Stocks Dip as Iraq's OPEC Exit Threat Rattles Oil Market Confidence
Saudi stocks slipped after Iraq signaled it could leave OPEC if production quotas remain tight. The Tadawul index fell 0.67%, reflecting inv
US Consumer Spending and Income Rose 0.7% in May as PCE Inflation Held Firm at 0.4%
US households boosted spending and income by 0.7% in May, but the Fed's key inflation measure, the PCE price index, rose 0.4% for a second s
Jobless Claims Dip to 215K, But Rising Trendline and Continuing Claims Signal Cooling Labor Market
New US jobless claims dropped to 215,000 last week, beating expectations. But the four-week average edged higher to 224,250, and continuing