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BoE's Ramsden sees case to raise rates sooner than he thought

The Bank of England might need to raise British interest rates somewhat sooner than Deputy Governor Dave Ramsden had expected if wage growth picks up early this year, according to a newspaper interview released on Saturday. Ramsden was one of…

With rates low, Fed officials fret over next U.S. recession

Federal Reserve policymakers are fretting that they could face the next U.S. recession with an arsenal of policies little different from that used in the last downturn but robbed of much of their punch because interest rates are still low.…

Eurozone Final CPI came at 1.3%

Euro area annual inflation rate was 1.3% in January 2018, down from 1.4% in December 2017. In January 2017, the rate was 1.8%. European Union annual inflation was 1.6% in January 2018, down from 1.7% in December 2017. A year…

Crude Oil Inventories fell unexpectedly

Oil futures turned higher Thursday after government data showed an unexpected drop in crude inventories last week. The Energy Information Administration said crude-oil stocks fell by 1.616 million barrels in the week ended Feb. 16. Analysts surveyed by The Wall…

Unemployment Claims decreased to 222,000

In the week ending February 17, the advance figure for seasonally adjusted initial claims was 222,000, a decrease of 7,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 230,000 to 229,000. The…

UK GDP grew by 0.4% in Q4

UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.4% between Quarter 3 (July to Sept) and Quarter 4 (Oct to Dec) 2017; this is a 0.1 percentage point revision down from the preliminary estimate…

German business morale falls more than expected in February

German business confidence fell more than expected in February while remaining at a high level, a survey showed on Thursday, suggesting that Europe’s biggest economy is set for solid growth in the first quarter of this year. The Munich-based Ifo…

Fed Minutes: Worries on inflation and wage growth

Federal Reserve policymakers expressed a cautious outlook on wage growth amid a "few signs of a broad-based pickup in wage growth," but remained confident that inflation would "move up this year," according to the minutes of the Fed's January policy…

UK unemployment rises at fastest rate in almost five years

The number of people out of work in Britain rose at the fastest rate in almost five years, official figures showed on Wednesday, fuelled by an increase in unemployment among young people under the age of 24. After an almost…

German and French PMI declined in February

French private sector activity slowed but remained solid in February, according to survey data released on Wednesday. The preliminary reading of the Markit services purchasing managers’ index came in at 57.9 this month from 59.2 in January. Economists had forecast…

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