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BoE’s Bailey: UK Economic Activity Picking Up
BoE’s Bailey: UK Economic Activity Picking Up
— LiveSquawk (@LiveSquawk) February 1, 2024
- UK Faces Inflation Risks At Home And Abroad
- Red Sea Conflict, Wage Pressures May Boost Prices
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- From ironfxcn.com|Feb 1, 2024
WTI’s two-week rally seems to have ended yet that remains to be seen. In contrast to our previous report, we tend to focus on the situation of the US oil market and also keep an ...
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On January 26th, after weeks of speculation and mounting concerted pressure from environmental activists and others, US President Joe Biden announced a temporary pause on ...
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Economic activity in the manufacturing sector contracted in January for the 15th consecutive month following one month of "unchanged" status (a PMI® reading of 50 percent) and 28 ...
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- From bankofcanada.ca|Feb 1, 2024
Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our recent policy announcement and the Bank of Canada’s Monetary Policy Report. Last week, we maintained our policy interest rate at 5%. We are also continuing our policy of quantitative tightening. Our message is twofold. First, monetary policy is working to relieve price pressures, and we need to stay the course. Inflation is coming down as higher interest rates restrain demand in the economy. But inflation is still too high, and underlying inflationary pressures persist. We need to give these higher rates time to do their work. Second, with overall demand in the economy no longer running ahead of supply, Governing Council’s discussion of monetary policy is shifting from whether our policy rate is restrictive enough to restore price stability, to how long it needs to stay at the current level. Let me give you some economic context for these considerations and talk about the implications for monetary policy. Economic growth stalled in the middle of 2023. For many Canadians, the combination of higher prices and higher interest rates has been difficult. But past interest rate increases have helped the economy rebalance, and this is relieving price pressures. Lower energy prices and improvements in global supply chains have also helped to bring inflation down. post: BoC’s Macklem: Reiterates If New Developments Push Inflation Higher, We May Still Need To Raise Rates
- From boereport.com|Feb 1, 2024
Asia’s imports of crude oil saw robust growth in the new year, reaching an eight-month high in January as top buyers China and India snapped up cargoes. The world’s top-importing ...
- From eia.gov|Feb 1, 2024
After Yemen-based Houthi militia attacks on commercial ships transiting the Red Sea started in November 2023, some vessels began opting to avoid the Bab el-Mandeb chokepoint—a ...
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- Posted: Feb 1, 2024 11:02am
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 2,695