Monthly archive July, 2023

Russia's central bank raised its benchmark rate by a bigger-than-expected 100 basis points on Friday as a weak ruble intensified pro-inflationary risks. The Board of Directors of the Bank of Russia, led by Governor Elvira Nabiullina, decided to raise the Read More →

The U.S. dollar gained against most of its major counterparts on Friday with traders betting on the Federal Reserve keeping interest rates higher for longer in order to keep inflation under control.Original Article Read More →

Despite the high inflation, UK retail sales growth accelerated more than expected in June as good weather boosted food and non-food store sales, the Office for National Statistics reported Friday. However, survey results from the market research group GfK showed Read More →

Suggesting U.S. economic activity will continue to decelerate in the months ahead, the Conference Board released a report on Thursday showing its reading on leading economic indicators fell by slightly more than expected in the month of June.Original Article Read More →

After reporting a substantial increase in new U.S. residential construction in the previous month, the Commerce Department released a report on Wednesday showing a sharp pullback in housing starts in the month of June.Original Article Read More →

Consumer and producer prices data from the UK is the top economic news due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices Read More →