Japan’s Inflation Hits a 13-Month High in November 2024
Japan’s annual inflation rate surged to 2.9% in November 2024, up from 2.3% in the previous month, marking the highest reading since October 2023. The sharp rise was largely driven by soaring food prices, which climbed 4.8%, the steepest increase...
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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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