Household spending trends in Q2 of 2024 have continued to show a downward trajectory, with a decrease of 1.2% in April and 0.3% in May. This weak consumer spending has the potential to signal dampened demand-driven inflationary pressures, creating a challenging macroeconomic environment for rate hikes. The Bank of Japan’s decision to cut JGB purchases
Forecasts
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U.S. Treasury yields experienced a slight dip as investors carefully considered the economic outlook in anticipation of crucial data releases. The upcoming second-quarter GDP figures and June’s personal consumption expenditures price index are eagerly awaited, as they serve as the Fed’s preferred inflation gauge. These reports could offer valuable insights into the potential monetary policy
Despite the weaker growth forecasts, investor bets on a July Bank of Japan rate hike linger. Economic indicators on Wednesday and Friday could dictate the BoJ’s policy maneuvers on July 31. On Wednesday, July 24, economists expect the Jibun Bank Services PMI to increase from 49.4 in June to 49.9 in July. A higher-than-expected PMI
When it comes to making financial decisions, it is crucial to conduct thorough due diligence checks. Relying solely on the information provided by third parties or market makers can be risky. It is important to apply your own discretion and consult with competent advisors before taking any action. The information available on various websites may
The reaction from Nataxis Asia Pacific Chief Economist Alicia Garcia Herrero to China’s Third Plenum and press conference was overwhelmingly negative. She criticized the lack of change in direction and the absence of any mention of the power of market forces. This disappointment reflects a lack of confidence in China’s ability to shift towards consumption-led
The People’s Bank of China is expected to keep the one-year and five-year Loan Prime Rates steady at 3.45% and 3.95% respectively. However, any unexpected cut could potentially boost demand for the Australian dollar. Lower lending rates in China could lead to an increase in credit demand and consumption, which in turn could benefit the