Germany’s Consumer Confidence Rises but Remains Weak
The GfK Consumer Climate Indicator for Germany improved to -21.3 heading into January 2025, up from a revised -23.1 in December, which marked the lowest level since May. This latest figure surpassed market expectations of -22.5, driven by slight improvements...
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Bank of Japan Maintains Rates Amid Economic Review
In its final meeting of the year, the Bank of Japan (BoJ) decided to maintain its key short-term interest rate at around 0.25%, the highest level since 2008. This move was in line with market expectations, as the vote was...
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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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