Economy
Richmond Fed's Barkin sees 3.7% PCE inflation as 'sticky'
Fed policymaker warns inflation remains elevated despite recent progress, leaving September rate decision uncertain.
U.S. producer prices flat in July, matching forecasts
Wholesale inflation held steady last month as energy and food costs balanced out, keeping pressure on the Federal Reserve's rate-cut deliberations.
US jobless claims rise modestly, labor market remains stable
Weekly unemployment filings increased slightly, signaling steady labor demand despite economic uncertainty.
Morgan Stanley: Disinflation trend intact but 2027 rate risks linger
Firm flags progress on inflation but warns upside risks to terminal policy rate by 2027 amid persistent wage and services pressures.
Serbia’s central bank keeps benchmark rate at 5.75%
The National Bank of Serbia maintained its key policy rate unchanged for a sixth consecutive meeting as inflation pressures eased further.
U.S. PPI flat, misses expectations in latest data
Producer prices unchanged in May as forecasted growth fails to materialize, signaling persistent disinflationary pressures.
Uganda’s central bank keeps benchmark rate at 9.75% for eighth straight meeting
The Bank of Uganda maintained its key lending rate unchanged as inflation pressures eased slightly but remained above target, citing risks from global and domestic factors.
Poland to reduce fuel VAT, cap prices from Aug. 17
Government to lower VAT on gasoline and diesel while imposing temporary price ceilings to ease consumer costs amid inflation pressures.
AI boom begins to lift UK economic growth
Early indicators suggest artificial intelligence is contributing to improved UK productivity and output, though broader impacts remain uneven.
Romania slashes diesel excise duty by 20% to curb fuel costs
Government reduces tax burden on diesel to ease inflationary pressure on transport and logistics sectors amid elevated energy prices.
Ireland’s inflation steady at 3.4% in July
Consumer prices rose 3.4% year-on-year, unchanged from June, as food and energy costs weighed on household budgets.
Norway’s central bank holds key rate at 4.25%, flags further hikes
Norges Bank kept its policy rate unchanged but warned inflation remains elevated, leaving the door open for additional tightening in coming months.
ECB poised for final rate hike in September, Reuters poll shows
European Central Bank expected to raise rates next month, capping its shortest tightening cycle since 2011 amid inflation concerns.
Poland’s GDP grows 0.9% in Q2, beats expectations
Second-quarter expansion exceeds forecasts as domestic demand and services sector lead growth, though risks remain amid regional slowdown.
Banks push back against stablecoin yields as crypto yield war intensifies
Traditional lenders resist crypto-based yields, citing systemic risks amid growing competition for depositor funds. Regulators weigh in as the clash over deposit structures escalates.
U.S. inflation proves stickier than July CPI suggests, analysts warn
Underlying price pressures remain elevated despite a mild July CPI reading, raising concerns over the Federal Reserve's policy path. Bitcoin's volatility reflects shifting market expectations.
ECB: Cash still dominates payments in euro area
Survey finds physical currency remains the most widely used payment method despite digital shift, with 59% of transactions in 2025.
European Bonds Hold Steady Following U.S. Inflation Data
European sovereign debt showed little movement as market participants assessed a mixed regional data slate alongside in-line U.S. inflation figures.
Spain's July Inflation Accelerates to 3.9%, Exceeding Forecasts
Spain's annual inflation rate climbed to 3.9% in July, surpassing analyst expectations for the month.
UK Second-Quarter GDP Growth Slows Despite June Economic Rebound
Economic growth in the United Kingdom decelerated during the second quarter, though a late rebound in June indicates a potentially stronger outlook ahead.
Indonesia's Free Meals Program Leaves Remote Kitchen Investors in Debt
Investors backing remote kitchens for Indonesia's national free meals initiative report accumulating significant financial liabilities.
UK Economy Unexpectedly Expands by 0.3% in June, Says ONS
The United Kingdom's economy posted an unexpected 0.3% growth rate in June, according to data released by the Office for National Statistics.
Japanese Government Reportedly Open to Earlier BOJ Rate Hike
Tokyo is signaling support for a faster timeline for Bank of Japan interest rate normalization, according to Bloomberg reports.
Thailand’s Second-Quarter GDP Growth Expected to Slow Sharply
A recent Reuters poll indicates that Thailand's economic growth likely decelerated significantly in the second quarter.
Examining the Factors Behind Stable UK Food Inflation Rates
An analysis into why consumer food prices in the United Kingdom have avoided the sharp surges seen in other economic sectors.