Page 21 - Philly Fed News Today

New Zealand Dollar strengthens broadly in an otherwise quiet Asian session today, leading Aussie along with it. This notable rise can partly be attributed to two key domestic factors: a significant improvement in consumer sentiment and robust data from the country's services sector. In the broader context, Kiwi's strength is also accentuated by monetary policy landscape. Unlike major central banks such as Fed and ECB, which are grappling with the prospect of rate cuts, RBNZ is not expe...

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

A top ranked economics and finance blog with a focus on the housing market

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Fifty-two percent of the public says the economy is getting worse, according to the latest poll from the Economist and YouGov.

Fiscal policy: The EU Commission has presented its opinion on the 2024 draft budgets for the euro area member states in its European Semester Autumn Package. The main conclusion is that The Draft Budgetary Plans of Belgium, Finland, France, and Croatia risk not being in line with the Council Recommendations. German budget plans are not fully in line with the recommendations and Germany should wind down energy support measures as soon as possible. The fiscal rules of the EU have not functioned we...

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

A top ranked economics and finance blog with a focus on the housing market

October inflation data in Canada reported today showed a mixed picture. Headline inflation printed at 0.1% M/M and 3.1% Y/Y (was -0.1% M/M and 3.8% Y/Y in September). The core trimmed (3.5% from 3.7%) and mean (3.6% from 3.9%) measures that are closely watched by the Bank of Canada also eased more or less as expected. However, other details showed a more nuanced picture.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero