Hot Features
Premium
Register to chat with like-minded investors on our interactive forums.
The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone CPI advanced less than expected in November
In the Euro-zone, the consumer price index (CPI) climbed 10.00% on a YoY basis in November, compared to a rise of 10.60% in the prior month. Markets were expecting the CPI to rise 10.40%.
Fed Chairman hints at smaller interest rate hikes from December
Fed Chairman, Jerome Powell stated that smaller interest rate rises are anticipated which could start in December. However, he warned that monetary policy is likely to remain tight for some time until there are clear signs of progress against inflation.
Fed’s Beige Book: US economy grew steadily and inflation eased a bit
According to the US Federal Reserve’s (Fed) latest Beige Book report, the economy grew steadily through the fall and inflation eased a little. However, many businesses expressed “greater uncertainty or increased pessimism” about the outlook toward the end of the year.
US annualised GDP rose more than anticipated in 3Q 2022
In the US, the annualised GDP rose 2.9% in 3Q 2022, compared to a drop of 0.6% in the previous quarter. Market anticipations were for the annualised GDP to rise 2.6%.
US private payrolls rose less than expected in November
In the US, private payrolls rose by 127.00K jobs in November, compared to a rise of 239.00K jobs in the previous month. Markets expectations were for private payrolls to rise by 200.00K.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
