Fed policymaker Collins says would back September rate hike if data points to that direction
Supported keeping interest rates unchanged in July, Fed position remains “mildly restrictive” Sees the possibility that economic conditions in the coming months will require tighter policy Would be prepared to…
Read More »Oil prices jump as Trump says that Iran ceasefire deal is over
So much for peace and all that, eh? US president Trump is out now in saying that “I think it’s over” on the deal/memorandum of understanding with Iran. It basically…
Read More »Eurozone June Sentix investor confidence -13.4 vs -14.6 expected
Investor confidence -13.4 vs -14.6 expected Prior -16.4 Euro area investor morale picked up more than expected heading into June, as concerns about a deep economic slowdown eased compared to…
Read More »UK May construction PMI 38.2 vs 40.2 expected
Prior 39.7 More to come.. This article was written by Justin Low at investinglive.com.
Read More »ECB policymaker Wunsch says June discussion to be quite easy if US-Iran conflict remains
Discussion on policy setting in June “will be quite easy” if Middle East conflict remains unresolved If a peace deal is confirmed just before the meeting, it will be part…
Read More »UK mortgage approvals climbs in April, holds above six-month average
The latest money and credit data from the BOE shows that net borrowing of mortgage debt by individuals decreased to £4.4 billion in April. That follows from the £6.8 billion…
Read More »Fed’s Kashkari says far too soon to predict what the next policy move should be
Fed should have neutral policy outlook going forward Risk to US inflation is now higher than risk of labour market deterioration That said, need to still pay attention to both…
Read More »Iran says reached conclusion on many topics discussed but doesn’t mean deal is imminent
We have reached conclusions on many topics discussed But that does not mean we’re close to signing an agreement We have reached a framework but nobody can stay that an…
Read More »BOE policymaker Breeden says no need to rush in taking next policy step
We do not need to rush We are in a good place to be able to watch what’s happening in the economy There is time to understand the size of…
Read More »UAE set to accelerate new oil pipeline project to help bypass Strait of Hormuz
The pipeline is already under construction but the latest decision by the UAE is to accelerate said project in order to become operational in 2027. The Crown Prince of Abu…
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