Consumer price growth in Tokyo moderated while staying well above the central bank's inflation target, keeping authorities on track to consider more interest increases after they hiked earlier this month for the first time since 2007. Prices excluding fresh food rose 2.4% in March in the capital, slowing slightly from 2.5% in February, the ministry of internal affairs said Friday. The reading matched economists' estimates. Tokyo's figures serve as a leading indicator of the national data to be announced April 19. The consumer inflation data for Japan's capital come...
The United States' Gross Domestic Product (GDP) grew at an annual rate of 3.2% in the fourth quarter, the US Bureau of Economic Analysis (BEA) said in its second estimate on Wednesday. The BEA reported in its advanced estimate the real GDP growth was 3.3%. "The update primarily reflected a downward revision to private inventory investment that was partly offset by upward revisions to state and local government spending and consumer spending," the BEA explained in the press release. The US Dollar Index (DXY) edged slightly lower with the immediate reaction and was last seen rising 0.26% on...
Australian inflation surprisingly remained steady in January, supporting the case for the Reserve Bank to begin cutting interest rates later this year. The consumer price indicator advanced 3.4% from a year earlier, below economists' estimates of 3.6% and unchanged from December, Australian Bureau of Statistics data showed on Wednesday. When excluding volatile items, the annual rise was 4.1%, down from December's 4.2% and still well above the RBA's 2-3% target band. The result will feed into the RBA's deliberations at its March 18-19 meeting, with borrowing costs currently at a...
US consumer confidence fell in February for the first time in four months as Americans' views deteriorated about the outlook for the economy, the job market and financial conditions. The Conference Board's gauge of sentiment decreased to 106.7 from a downwardly revised 110.9 a month earlier, data published Tuesday showed. The median estimate in a Bloomberg survey of economists called for a reading of 115. A gauge of current conditions fell to 147.2 and the measure of expectations dropped to 79.8. The average inflation rate expected by...
New orders for US durable goods declined by 6.1% in January following a smaller decrease of 0.3% in the previous month, a larger drop than the 5% drop expected in a survey compiled by Bloomberg as of 7.30 am ET. Excluding a 16.2% drop in transportation orders, new orders would have been down 0.3% in January after a 0.1% decrease in December. Expectations were for a 0.2% gain. Durable goods shipments fell by 0.9% after a 0.6% decrease in December. Excluding transportation, shipments were up 0.3% after a 0.3% drop in the previous month. Nondefense capital goods orders excluding aircraft...
U.S. existing home sales increased to a five-month high in January as declining mortgage rates pulled in buyers from the sidelines, but tight supply remains a challenge. Home sales rose 3.1% last month to a seasonally adjusted annual rate of 4.00 million units, the highest level since last August, the National Association of Realtors said on Thursday. The Realtors' group revised the data for the past three years. Economists polled by Reuters had forecast home resales rising to a rate of 3.97 million units. Home resales are counted at the closing of a contract. The sales in January likely...
Japan's inflation hit 3% for the first time in over three decades excluding the impact of tax hikes, an acceleration that adds to the doubts over the need for continued central bank stimulus. The...
Defisit perdagangan A.S. menyempit pada bulan April karena ekspor dan impor turun, menyoroti dampak dari tarif Presiden Donald Trump bahkan sebelum negosiasi dengan China terurai dan ia mengancam...
U.K. consumer prices accelerated well beyond the Bank of England's target for a second month, propelled by the global disruption in supply chains that pushed up transport costs. Consumer prices...
Australian inflation eased from 33-year highs in the first quarter as the cost of living saw the smallest rise in more than a year, while core inflation dipped below forecasts suggesting less...