US Durable Goods Orders See Modest Growth in October
In October 2024, new orders for durable goods in the United States rose by a modest 0.2%, reaching $286.56 billion. This increase marks a recovery from the revised 0.4% decline recorded in September. However, the growth fell short of market...
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Germany’s Consumer Sentiment Plummets to a Seven-Month Low
The latest GfK Consumer Climate Indicator for Germany paints a troubling picture for December 2024, falling to -23.3 points. This marks the lowest level since May and is significantly below the forecast of -18.6 points. The current figure mirrors the...
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The CFTC’s Potential Role in Regulating Crypto Markets
The Commodity Futures Trading Commission (CFTC) may soon expand its authority to regulate digital assets, particularly those classified as commodities, such as bitcoin and ether. Fox Business reports that the incoming Trump administration is considering granting the CFTC oversight of...
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Reserve Bank of New Zealand Cuts Rates Again as Inflation Slows
In its November 2024 policy meeting, the Reserve Bank of New Zealand (RBNZ) announced a 50 basis point reduction in its official cash rate (OCR), bringing it down to 4.25%. This marks the third consecutive rate cut this year, underscoring...
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Australia’s CPI Shows Steady Growth in October 2024
Australia’s Consumer Price Index (CPI) rose by 2.1% year-on-year in October 2024, marking a consistent level of inflation for the second consecutive month. This result, however, was slightly lower than the market expectation of 2.3%. Despite this miss, the CPI...
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