Monthly archive March, 2024

Germany's leading five economic think tanks significantly lowered the biggest euro area economy's growth forecast for this year on Wednesday, citing cyclical and structural weakness amid sluggish economic activity. The German economy is now projected to grow just 0.1 percent Read More →

The U.S. dollar shed ground against its major counterparts on Monday ahead of a slew of key economic data, including a reading on the PCE price index, which is the Fed's preferred measure of inflation.Original Article Read More →

The Bank of England maintained its key policy rate for the fifth straight session on Thursday, with no members seeking a hike as inflation is expected to ease faster than expected. The Monetary Policy Committee, led by Governor Andrew Bailey, Read More →

The Federal Reserve Bank of Philadelphia released a report on Thursday showing a modest slowdown in the pace of growth in regional manufacturing activity in the month of March. The Philly Fed said its diffusion index for current general activity Read More →

The U.S. dollar climbed higher on Thursday, lifted by encouraging economic data, including jobless claims report, and an unexpected increase in existing home sales.Original Article Read More →

UK retail sales steadied in February after rebounding at the start of the year, as poor weather lead to a reduction in footfall, data released by the Office for National Statistics showed on Friday. Retail sales were unchanged from January, Read More →