Economy
Central banks, inflation, jobs and growth, and the policy decisions that shape the cycle.
Japan's services growth holds, but confidence and hiring soften
Japan's services sector kept expanding in October, with the PMI ticking up to 51.7. But softer confidence and slower hiring suggest the Bank
Bank of England set for first rate hike since August 2023
The Bank of England is widely expected to raise its key interest rate to 4% on Thursday, the first increase since August 2023. Energy costs
ADP: US Private Hiring Beat Forecasts in October as Pay Growth Stays Firm
Private payrolls rose by 86,000 in October, topping expectations, with services leading the gains. Pay growth held steady at 4.7% year over
US Job Growth Slows but Labor Market Holds Steady, Data Shows
Private payrolls rose by 86,000 in October, a slowdown from prior months, while the Atlanta Fed lowered its Q4 growth forecast to 3.4%. The
Eurozone inflation hits 4% again, complicating ECB's next move
Eurozone inflation rose to 4% in October, the fourth straight monthly increase and the fastest pace since September 2023. Energy prices jump
US services growth cools in October, but price pressures stay sticky
US services growth cooled in October as new orders eased, but input costs stayed stubbornly high. The data keeps the Federal Reserve on a ca
Canada's services slump extends to five months as tariffs bite
Canada's services sector shrank for a fifth straight month in October, with S&P Global's PMI at 48.1. Tariffs and higher costs are hitting n
Eurozone inflation hits 4% as energy costs surge, complicating ECB's December decision
Eurozone inflation jumped to 4% in October, its highest in three years, as energy prices soared. Core inflation stayed at 2.5%, giving the E
UK services growth hits eight-month high as AI demand lifts orders
UK service firms reported their strongest growth in eight months in October, with AI-related work adding to demand. But faster input price i
Hong Kong PMI edges up but business confidence hits six-year low
Hong Kong's private-sector activity returned to growth in October, but rising costs and the weakest business confidence since 2020 cloud the
Czech inflation cools to 2.4% but rate hike to 4.00% still expected
Czech inflation cooled to 2.4% in October, but underlying price pressures remain sticky. Most analysts still expect the central bank to hike
Germany's services growth cools in October as hiring dips
Germany's services sector kept growing in October, but at a slower pace. New business cooled and hiring dipped, while input cost inflation e