Economy
Central banks, inflation, jobs and growth, and the policy decisions that shape the cycle.
Australian card spending hits record, then cools as fuel costs rise
Australian card spending hit a record in early August before easing late in the month, according to Westpac. Quarterly growth remains solid,
August CPI expected to show faster monthly rise as gas prices rebound
August's CPI report is expected to show a faster monthly climb, driven by a rebound in gasoline prices. But core inflation is seen cooling,
Producer prices jump 0.4% in August as energy costs surge, while home sales cool
US inflation signals diverged in August: producer prices climbed 0.4% as energy costs jumped, while existing-home sales fell to a 3.98 milli
ECB raises rates to 2.5% as global inflation persists
The European Central Bank raised its key rate to 2.5% on Thursday, its second hike this year, as inflation stays above target. With other ce
France's 2025 growth forecast cut to 0.4% as spending and investment weaken
France's statistics agency INSEE cut its 2025 growth forecast to 0.4%, down from earlier expectations, as households and businesses pull bac
Hungary's central bank weighs climate risk in rate decisions after dry summer
A record-dry summer and the prospect of higher food prices next year have Hungary's central bank considering a permanent climate-risk scenar
Brazil's services sector stalls in July as high rates bite
Brazil's services sector stalled in July, with activity flat from June and up just 0.9% year-on-year. The 14.0% Selic rate continues to weig
Canada's small businesses seek tariff relief as 53,000 firms hit
The Canadian Federation of Independent Business says more than 53,000 small firms are feeling the sting of US tariffs and Canada's counter-t
Turkey holds rates at 37% for fifth meeting as inflation cools
Turkey's central bank held its policy rate at 37% for a fifth consecutive meeting, signaling a patient approach as inflation cools. Official
Turkey holds rates at 37% for fifth meeting, signals cuts ahead
Turkey's central bank held its policy rate at 37% for a fifth consecutive meeting, pointing to cooling inflation while flagging energy price
South Africa's rand steadies as investors await mining, manufacturing and current account data
South Africa's rand held steady as traders awaited July mining and manufacturing data and Q2 current account figures. Oil above $100 and upc
Mexico's August inflation uptick keeps Banxico cautious on rate cuts
Mexico's annual inflation ticked up to 3.26% in August, the first rise in five months. Core inflation cooled, giving the Bank of Mexico room