Source: European Central Bank The European Central Bank has said it will cut its asset purchases to 40 billion euros in April and further down to 30 billion euros and 20 billion euros in May and June, respectively. DAX is down -2.97%, EURUSD is down -0.57%. The move set the path for a quicker reduction in ECB’s bond-buying after, last month, saying it will repurchase 40 … [Read more...] about ECB Accelerates Bond Buys as Ukraine Crisis Heightens Inflation Outlook
Forex News
Inflation Soars to 40-Year High as Energy Prices Surge
Source: Bureau of Labor Statistics US inflation accelerated to its highest level in nearly four decades in February, driven mainly by the surge in energy prices during the month. Annual inflation clocked in at 7.9% in February, the fastest level since January 1982.Core inflation stood at 6.4%, the highest since August 1982, with the energy index up 25.6% and the food … [Read more...] about Inflation Soars to 40-Year High as Energy Prices Surge
US Openings Decline in January as Hires and Separations Climb
Source: Bureau of Labor Statistics The United States opened 2022 with lower job openings, as hires and separations increased in January. Total openings for January stood at 11.263 million, lower than the 11.448 million in December but higher than the 7.232 million the same month in 2021.The private sector accounted for 10.234 million, with the highest in education and … [Read more...] about US Openings Decline in January as Hires and Separations Climb
China’s Factory Inflation Slows to 8.8% in February
Source: National Bureau of Statistics of China China’s factory inflation in February falls to the lowest annual rate in eight months. CSI 300 Index down -0.92% , CNY USD down -0.01% The producer price index (PPI) rose 8.8% on the year, dropping from 9.1% expansion in January, but was higher an estimate of 8.7% from a Reuters poll.Many Chinese factories stopped operations … [Read more...] about China’s Factory Inflation Slows to 8.8% in February
Mortgage Rates Fall for the First Time in 12 Weeks
Source: CNBC Mortgage rates slipped and ended the months of successive increases, following the rising tensions between Russia and Ukraine drove a run on the safer bond markets. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances fell to 4.09% from 4.15%.Points for loans with a 20% was unchanged at 0.44, with the rate at 83 … [Read more...] about Mortgage Rates Fall for the First Time in 12 Weeks
