Big number due out on Friday morning. The 4th Q GDP is coming and it most likely will move the markets. The consensus read is for a big up number. Last I heard the Street estimate was for up 4.7%, more than double the annual rate of growth for the 3rd …
Eurozone inflation data just out show the annual rate creeping higher – to 1 per cent in January, up from 0.9 per cent in December. That will make life a [...]
4th Quarter GDP is out with a stunning 5.7% (annualized) rate of increase. Let’s look inside and see if the numbers make sense.[More...]
Following the Fed’s statement, the U.S market finished the trading day yesterday in positive territory. Even though the Fed didn’t state any new remarks or engage in monetary tightening, the mixed opinions among the board members sparked Dollar buy…
Andrew Sentance hinted today that the UK central bank will tighten policy, saying that while current conditions persist, it “will be difficult for the MPC to keep inflation on target”.
“Through [...]
Bank of England rate-setter says strength of international economy, rising confidence and improving housing market will force up interest rates as UK recoversStrength in the international economy will help the UK avoid a double-dip recession but the pace of recovery remains uncertain, according to a Bank of England policymaker.Andrew Sentance, a member of the rate-setting [...]
VAT rise and big freeze blamed for slump in sales defying economists’ forecasts of continuing recovery, according to survey of high-street spendingHarsh winter weather and a rise in VAT deterred shoppers from spending on the high street in January, prompting sales to fall at their fastest pace since last summer, according to a survey of [...]
Rising inflation has made an rate rise even more likely at next week’s central bank meeting. Expectations are about 0.25 percentage point, which would take the cash rate to 4 [...]
The worst may be over for the economy, but we may be facing a long convalescenceIn the grand scheme of things, it doesn’t matter when precisely the UK economy emerged from recession. What matters more – in the eyes of the bond market, at least – is the rate of growth that can be achieved [...]
The National Association of Realtors reported this morning that in December Existing Homes Sales plunged 16.7% from November, to an annual rate of 5.45 million. That rate was, however, 15.0% below the extremely depressed 4.74 million rate in December 2…