by Christopher Nye | Dec 13, 2024
Producer Price Inflation (PPI) rose by 0.4% in the USA last month. That increase was driven by, of all things, a whopping 54.6% increase in the price of wholesale chicken eggs amid an outbreak of avian flu. In an odd way, the US dollar received a boost yesterday based...
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by Christopher Nye | Dec 13, 2024
With growth in the eurozone lethargic, the ECB has been one of the more aggressive central banks throughout 2024. In yesterday’s press conference, Lagarde noted that some policymakers had initially plumped for a larger 0.5% cut to interest rates. Although the vote was...
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by Christopher Nye | Dec 13, 2024
The Bank of England is not expected to match the ECB’s pace in cutting interest rates, which has contributed to GBP/EUR’s current success. As we have seen though, these narratives are frequently proven to be mere stories investors tell themselves. The current dynamic...
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by Charles Purdy | Dec 13, 2024
Early yesterday the pound reached its highest level since the Brexit referendum more than eight years ago. It was powered by the prospect of the European Central Bank (ECB) cutting interest rates, which it duly did yesterday afternoon, from 3.25% to 3%. That done, the...
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by Jonathan Cook | Dec 12, 2024
Inflation came in as expected across the board in November, a rare example of economists accurately predicting a macroeconomic outcome. All eyes are now on Jerome Powell and the Federal Reserve. A late rate cut would likely put a dent in the momentum the US dollar has...
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