2024-08-30 09:00:09
Economy
Inflation
Europe
Economic Outlook: Inflation Declines Across Europe and US
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The Street
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The Federal Open Market Committee, the Fed's rate-making body, expressed satisfaction with falling inflation and easing jobs market. Some members thought data warranted a 25 basis point rate cut at the July meeting, but the FOMC decided to hold off. The Fed's key interest rate - the federal funds rate - has been at 5.25%-to-5.5% level. Fed Chairman Jerome Powell may discuss the July meeting at the Jackson Hole symposium. Wall Street was initially delighted by the news, with the S&P 500 index j..
rp_online
Noticeable Decline: Inflation Falls to 1.9 Percent in August
Economy
Finance
Federal Statistical Office: Consumer prices 1.9% above the previous year; European Central Bank could lower key interest rates with falling inflation; Financial markets expect interest rate cut in September.
The Guardian
UK house prices fall for first time since April, says Nationwide
Finance
Economy
UK house prices fell 0.2% in August to £265,375, marking first drop since April; annual growth rose to 2.4%, fastest since December 2022; resilience despite higher rates; Truss/Kwarteng's mini-budget led to surge in borrowing rates; Halifax forecasts continued growth, as BoE cuts rates from 5.25% to 5%; high prices make raising deposit more challenging; BoE warns against expecting large rate cuts to curb inflation; previous monthly increases were 0.2-0.4%.
t-online
Inflation in Germany: Supermarket Prices Decline - With Exceptions
Economy
Finance
Inflation rate according to the Federal Statistical Office 1.9%; Prices in the Rewe online shop and branches of the supermarket chain compared; 2-kilo bag of potatoes 35% cheaper, bell pepper price 4% lower, crusty bread 20% cheaper; Total shopping basket 5.12% cheaper, promotional effects taken into account; Consumer habits influence price development; Control body for food prices planned.
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