Monthly archive August, 2023

First-time claims for U.S. unemployment benefits saw a modest decline in the week ended August 12th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to 239,000, a decrease of 11,000 Read More →

The Norwegian central bank raised its interest rates on Thursday, in line with its guidance in June, and hinted at further tightening ahead if the economic situation pans out as expected.Original Article Read More →

The U.S. dollar firmed against its major counterparts on Wednesday amid bets the Federal Reserve will hold interest rates higher for longer to contain inflation.Original Article Read More →

Economic confidence in Germany improved in August but the assessment about current situation worsened and remained deeply in negative, survey data from the ZEW-Leibniz Centre for European Economic Research showed Tuesday. The Indicator of Economic Sentiment rose to -12.3 in Read More →

The Bank of Russia raised its benchmark rate sharply by 350 basis points at an emergency meeting on Tuesday to contain the depreciation of the ruble and thereby limit the inflationary pressures. The Board of Directors of the Bank of Read More →

Wholesale prices data from Germany is the only major economic news due on Monday. At 1.00 am ET, Statistics Finland is slated to release consumer price data for July. In June, consumer price inflation eased to 6.3 percent from 6.8 Read More →