Inflation in Japan has been on the rise, reaching unprecedented levels with core inflation staying above 3% annually for the past year. The possibility of monetary tightening by the Bank of Japan (BOJ) caused speculation in the market. BOJ Governor Kazuo Ueda hinted at a potential increase in the prime interest rate of -0.1% during a press interview three weeks ago, leading to … [Read more...] about Bank of Japan’s Monetary Tightening Rumors and Japanese Stocks
Inflation
New Zealand’s Central Bank Holds Interest Rates Steady Ahead of Election
The Reserve Bank of New Zealand (RBNZ) has decided to keep the official cash rate at 5.50%, aligning with economists' expectations. With a national election approaching this month, concerns over cost-of-living pressures and economic management are at the forefront of voters' minds. Despite maintaining a hawkish bias, the RBNZ is actively evaluating whether their actions thus … [Read more...] about New Zealand’s Central Bank Holds Interest Rates Steady Ahead of Election
Australian Business Activity Remains Resilient
Australian business activity showed signs of moderation in September, but remained resilient overall, according to the National Australia Bank's latest report. The business conditions index, which measures overall business performance, declined slightly to +11 points in September from +13 in August. However, this level is still above average, indicating that the economy has … [Read more...] about Australian Business Activity Remains Resilient
Inflation Shows Signs of Slowing, but Concerns Linger
Economists are predicting that inflation in the United States likely ticked down in September, following a slowdown in gasoline price growth and a decrease in used car costs. However, there are indications that certain categories closely monitored by the Federal Reserve, such as housing and other services, may still exhibit persistent strength. According to consensus … [Read more...] about Inflation Shows Signs of Slowing, but Concerns Linger
Inflation Woes for Senior Citizens
The latest inflation figures from the United States government are cause for concern, particularly for senior citizens. Social Security beneficiaries will only receive a 3.2% cost-of-living adjustment to their monthly checks starting in January, according to the program's administrators. This means that retired workers, who receive an average monthly check of $1,840, will only … [Read more...] about Inflation Woes for Senior Citizens
