Australias Annual Inflation Rate to 3.5, Core Retail Sales for Canada Decline Further, Durable Goods Orders for U.S. Grow, Gold Remains Low, U.S. Indices Reversed to Downside

Previous Trading Days Events 24.04.2024 Australian consumer price inflation slowed less than expected in the first quarter as service cost pressures stayed stubbornly high, a disappointing result for policymakers who were thinking of cuts this year. Data from the Australian Bureau of Statistics on Wednesday showed the consumer price index CPI rose 1 in the […]
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Sterling Rises Versus Euro and Dollar, Eyes BoE Policy Path

April 25 Reuters Sterling rose versus the dollar and the euro as investors assessed the Bank of England39;s monetary policy path after recent mixed signals from policymakers. The pound dropped late last week and on Monday versus the greenback as Governor Andrew Bailey said that inflation was broadly declining in line with BoE forecasts, which would indicate […]
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Weak GDP, Strong Prices, Highlight Fed Dilemma

WASHINGTON, April 25 Reuters U.S. economic growth in the first quarter fell below the Federal Reserve39;s estimates of the economy39;s longrun potential for the first time in nearly two years, but the signs of slowing were accompanied with fast inflation that, if sustained, would pose a particular dilemma for the central bank. Fed officials through […]
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