Fed Cuts Interest Rates Again, Signals Slower Pace in 2025
The Federal Reserve announced a 25 basis point reduction in the federal funds rate in December 2024, marking the third consecutive rate cut this year. The new range for borrowing costs stands at 4.25%-4.5%, which aligns with market expectations. This...
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US Building Permits Surge by 6.1% in November 2024
Building permits in the United States experienced a remarkable 6.1% increase in November 2024, reaching a seasonally adjusted annualized rate of 1.505 million. This significant rise not only erased the 0.4% decline from October but also exceeded market expectations of...
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Eurozone Inflation Rises to 2.2% in November 2024
The annual inflation rate in the Eurozone edged up to 2.2% in November 2024, from 2% in October, slightly below the preliminary estimate of 2.3%. This modest increase was widely anticipated due to base effects, as the sharp declines in...
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UK Inflation Climbs to 2.6% in November 2024
The UK’s annual inflation rate rose for the second consecutive month, reaching 2.6% in November 2024, up from 2.3% in October. This increase aligns with market expectations and marks the highest inflation rate in eight months. The uptick reflects faster...
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US Retail Sales Show Robust Growth in November 2024
Retail sales in the United States rose by 0.7% month-over-month in November 2024, following an upwardly revised 0.5% increase in October. This growth exceeded market expectations of a 0.5% rise, signaling strong consumer spending during the holiday shopping season. The...
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