Monthly archive November, 2021

After unexpectedly reporting a steep drop in U.S. industrial production in the previous month, the Federal Reserve released a report on Tuesday showing industrial production rebounded by much more than expected in the month of October.Original Article Read More →

Reflecting low existing inventories and strong buyer demand, the National Association of Home Builders released a report on Tuesday unexpectedly showing a continued improvement in U.S. homebuilder confidence in the month of November.Original Article Read More →

The Commerce Department released a report on Tuesday showing U.S. business inventories increased in line with economist estimates in the month of September. The report showed business inventories rose by 0.7 percent in September after climbing by an upwardly revised Read More →

Iceland's central bank lifted its key interest rate for the fourth consecutive meeting as inflation outlook deteriorated amid persistent global price pressures and a rapid rebound in domestic economic activity. The Monetary Policy Committee of the Central Bank of Iceland, Read More →

UK inflation accelerated more-than-expected to a decade high in October, adding pressure on the central bank to act on interest rate as early as in December. Consumer price inflation advanced to 4.2 percent from 3.1 percent in September, data from Read More →

The U.S. dollar climbed to a fresh 16-month high in the Asian session on Wednesday amid expectations the Federal Reserve will likely start hiking rates from mid-2022.Original Article Read More →