Monthly archive July, 2021

New Zealand central bank reduced its current monetary stimulus as the major downside risks of deflation and high unemployment receded amid improving economic activity. The Monetary Policy Committee of the Reserve Bank of New Zealand, on Wednesday, decided to halt Read More →

UK consumer prices accelerated more-than-expected to a near three-year high in June, data from the Office for National Statistics showed on Wednesday. Inflation rose to 2.5 percent in June from 2.1 percent in May. The latest inflation rate was the Read More →

After yesterday's report showing the biggest increase in U.S. consumer prices in thirteen years, the Labor Department released a report on Wednesday showing U.S. producer prices also jumped by much more than expected in the month of June.Original Article Read More →

Continuing to downplay the risks of inflation, Federal Reserve Chair Jerome Powell's testimony before the House Financial Services Committee on Wednesday seemed to suggest the central bank is not likely to begin tightening monetary policy anytime soon.Original Article Read More →

Amid ongoing Congressional testimony by Federal Reserve Chair Jerome Powell on Wednesday, the central bank also released its Beige Book, a compilation of anecdotal evidence on economic conditions in each of the twelve Fed districts. The Beige Book noted the Read More →

The U.S. dollar lost ground against most of its major rivals on Wednesday, reacting to Federal Reserve Chairman Jerome Powell's remarks about the economy and the central bank's monetary policy.Original Article Read More →