Economy
Central banks, inflation, jobs and growth, and the policy decisions that shape the cycle.
UK inflation expectations ease, but BoE rate hike still on the cards
UK households are slightly less worried about long-term inflation, according to a Citi-YouGov survey. But traders still expect the Bank of E
ECB holds rates at 2.50% but warns energy could keep inflation sticky
The ECB left its key rate unchanged at 2.50%, but officials cautioned that rising energy costs could keep inflation elevated and weigh on th
US economy grows 3.4% in Q3 as consumer spending stays strong
The US economy expanded at a 3.4% annual rate in the third quarter, topping expectations, as consumers kept spending. Inflation gauges in th
US inflation picks up in September, keeping Fed rate hike in play
US inflation reaccelerated in September, with the Fed's preferred PCE gauge up 0.5% on the month. But inflation-adjusted consumer spending w
Canada payrolls fall again in August as public sector leads losses
Canada's payroll employment fell by 49,600 in August, marking a second straight monthly decline. Public administration led the losses, while
US jobless claims fall to 194,000, signaling resilient labor market
US initial jobless claims fell to 194,000 for the week ended Oct. 24, below expectations and the prior week's reading. The data suggests lay
Brazilian household debt hits record 50.1% of income as delinquencies stay high
Brazilian households are more indebted than ever, with debt reaching 50.1% of income in August. Delinquency stayed at a record 6.6%, and off
Canada's budget wishlist shrinks fiscal room as costs hit CA$80B
Canada heads into next week's budget with less fiscal room as Scotiabank estimates new commitments could total CA$63-80 billion. The added s
South Africa's GDP rebasing lifts economy 5% on paper
South Africa's economy is now about 5% bigger on paper after Stats SA rebased GDP to 2022, lifting 2023 output to 8.04 trillion rand. The ch
UK mortgage approvals hit lowest since December 2023 as borrowing costs bite
Bank of England data shows mortgage approvals dropped to 53,443 in September, the lowest since December 2023, as higher borrowing costs damp
German wage flexibility protects jobs, but only with safeguards
A new study shows Germany's opt-out clauses in wage deals helped firms stay competitive and avoid layoffs. But Italy's experience warns that
New Zealand business confidence ticks up despite oil price shock
New Zealand businesses grew slightly more confident in October, even as oil prices threaten to push costs up. ANZ's survey shows inflation e