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960 days ago

UK inflation slow more in July

While inflation figures have slowed down in July, the BoE expects inflation to return to the bank's target of 2% in about two years' time, as price pressure linked to the economy reopening and supply shortages after weeks of lockdowns subside. Source: Financial Times

#Macro

961 days ago

UK Jobless Rate Falls to 4.7% in Q2

The UK unemployment rate fell to 4.7 percent in the second quarter of 2021, from 4.9 percent in the January-March period and slightly below market expectations of 4.8 percent, suggesting the labor market continuing to recover following the relaxation of many coronavirus restrictions. Still, the rate remained 0.8 percentage points higher than before the pandemic. Source: Trading Economics

#Macro

962 days ago

Freight rates surge to their highest level in history

The price of transport via container shipping has never been so high. Shipping bottlenecks resulted in a major disruption of prices. Imagine that the oil barrel went up from $20 to $200 per unit. This would only be tantamount to what's happening now with many goods. Source: FT

#Macro
Freight rates surge to their highest level in history

965 days ago

There is still much uncertainty around inflation--can't say it is normalizing yet

Much too soon to take any kind of definitive view on inflation. What's notable is that core PCE inflation is following core PPI inflation up much more sharply than the historical norm. Source: TME

#Macro

966 days ago

Turkey holds interest rate at 19%

After inflation soared to a two-year high of 18.95% in July, the Central Bank of Turkey kept its one-week repo rate at 19%, as predicted, and reiterated its commitment to tight policy. Source: Trading Economics

#Macro
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