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One of the major indicators of economic conditions, US CPI Inflation, will be published today, January’s customer price index is expected to come out at 1.5%, lower than a previous number of 1.9%. However, Core CPI inflation is expected to ease to 2.1% from 2.2%. A lower than expected reading sho...
The UK Consumer Prices Index (CPI) 12-month rate came in at 1.8% in January, down from December’s 2.2% and missing the 1.9% print expected Meanwhile, the core inflation gauge (excluding volatile food and energy items) arrived at 1.9% y/y versus 1.9% booked in December while matching the...
1. UK Consumer Price Index In the upcoming week, the UK CPI Inflation will be an important release for the Sterling today. The UK CPI inflation is expected to ease to 1.9% from 2.1% year-on-year, 2. US Consumer Price Index One of th...
Sees good reason to stick to medium-term inflation outlook
1. BOE Gov Carney Speaks BoE’s Carney is scheduled to deliver a speech relating to “the latest developments in the global economy and risks to the outlook” in London today. 2. US JOLTS Report On average, economists expect that the j...
Nobel laureate Paul Krugman says he sees a good chance of a recession hitting the U.S. within a year. Krugman said the fact that policymakers, including the Federal Reserve and the European Central Bank, don’t have room to respond to a downturn also could be a factor that worsens a down...
White House Adviser Conway says it looks like US and China are getting closer to a trade deal
Says May is to make a Brexit statement to parliament tomorrow The government committed to bringing the vote on Brexit deal as soon as possible Rules out Corbyn proposal on Brexit customs union with the EU Says that UK economy continues to grow and remains fundamental...
Some of the ideas that the prime minister has mentioned in the House do seem sensible. I think you would need a time limit. I think I would want to look very carefully at what was being proposed and it would have to give the United Kingdom a UK-sized exit from the backstop.
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