The Eurozone’s economy will expand less in 2025 than previously thought, the European Commission (EC) said last week as it trimmed its next year’s growth forecast to 1.3 percent, down from 1.4 percent foreseen in May.
Tag: inflation
Post
GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that have profoundly affected the business community.
Post
SPOTLIGHT ON U.S. INTEREST RATES
Because the U.S. economy is showing signs of strength and stability, the U.S. Federal Reserve will take its time to assess conditions before deciding when, and how quickly, to continue reducing its interest rates, Fed chair Jerome Powell said in a 14 November Dallas speech.
Post
BANK OF ENGLAND CUTS INTEREST RATE, SEES INFLATION RISING
By a vote of eight to one, the Bank of England’s (BoE’s) Monetary Policy Committee cut the bank’s key interest rate from 5 percent to 4.75 percent on 7 November.
Post
AS EXPECTED, FED CUTS RATE BY A QUARTER POINT
Last week, the U.S. Federal Reserve cut its key interest rates by a quarter point, dropping interest on deposits to 4.5 percent and on loans to 4.75 percent.
Post
COUNT OUT ABORTION AS A KEY ELECTIONS ISSUE
Again, The Trends Journal had forecast that Kamala Harris would defeat Donald Trump because of the abortion issue. We based this forecast on the U.S. 2022 mid-term election which the Republicans did not win big because of their anti-abortion stance.
Post
KEY INFLATION MEASURE FALLS TO 2.1 PERCENT IN SEPTEMBER
The Personal Consumption Expenditures Price Index, the U.S. Federal Reserve’s preferred measure of inflation, ran at an annualized rate of 2.1 percent in September, according to government data.
Post
BANK OF CANADA CUTS INTEREST RATE BY HALF A PERCENT
Faced with Canada’s sinking economy, the Bank of Canada (BoC) cut its key rate from 4.25 percent to 3.75 percent on 23 October.
Post
RUSSIA’S CENTRAL BANK JACKS INTEREST RATE TO 20-YEAR HIGH
The Bank of Russia has raised its key interest rate to 21 percent, the highest since 2003, as runaway military spending pushes inflation’s pace to an average of 8.8 percent this year, bank governor Elvira Nabiullina said in a press briefing.
Post
ECB CUTS KEY RATE ANOTHER QUARTER POINT
On 17 October, the European Central Bank (ECB) cut its key interest rate by a quarter point, the same as it did in June and September, bringing the rate to 3.25 percent.