Egypt’s economy has been experiencing a complex interplay between government policies and inflation rates. Despite a forecasted decline in inflation for the sixth consecutive month in August, the country has been grappling with the impact of government-led price hikes. The $8 billion financial support package signed with the International Monetary Fund has been instrumental in
France is facing difficulties in meeting the deadline set by the European Commission to submit a plan to reduce its public deficit. According to reports, the country’s budget deficit could spiral unexpectedly higher this year and next if additional savings are not found. This situation has put France into EU disciplinary proceedings and has intensified
Recent estimates from a Reuters poll suggest that economists are expecting a drop in headline year-over-year (YoY) inflation to +2.6%, down 0.3 percentage points from the previous month. The estimate range falls between +2.6% and +2.4%. On the other hand, core inflation, which excludes energy and food components, is anticipated to remain stable at +3.2%
Taking a closer look at the US Aug payrolls, which saw an increase of 142k, it is evident that this data point will have a significant impact on the USD/JPY pairing. The job market trends in the US often have a ripple effect on the currency market, and any fluctuations in the labor market data
U.S. Treasury Secretary Janet Yellen has hinted at the end of her tenure in government once President Joe Biden’s term concludes in January. At the Texas Tribune Festival, Yellen indicated that she is “probably done” at the highest levels of government, leaving room for uncertainty about her future endeavors. Despite not making a definitive statement,
The recent appointment of Michel Barnier as the new prime minister of France by President Emmanuel Macron has sparked outrage and protests across the nation. Left-wing parties are accusing Macron of stealing legislative elections by appointing a center-right candidate as prime minister, going against the will of the people. This move has led to thousands
Exchange-traded fund inflows have already reached monthly records in 2024 and are showing no signs of slowing down. The influx of capital has caught the attention of fund managers and analysts who are closely monitoring the situation for potential impacts on the market. With a staggering $6 trillion plus parked in money market funds, experts
Thailand’s new Prime Minister Paetongtarn Shinawatra has expressed her government’s intention to stimulate the economy “right away” by continuing with the policies of former premier Srettha Thavisin. This decision was made clear during a special cabinet meeting held to prepare policies that will be presented at a 2-day meeting of parliament. The new administration under
New York City, known for its bustling urban landscape and high population density, is facing a critical need for more housing development to cater to its growing population. Mayor Eric Adams has made building more housing a top priority for his administration, with a goal of constructing 500,000 new homes by 2032. The city’s Department
The notion of a significant manufacturing resurgence in the United States has become a focal point in political discourse in recent years. Both the current and previous administrations have put forth ambitious plans to revitalize the manufacturing sector through initiatives such as tariffs, tax incentives, and government investments. However, data suggests that U.S. manufacturing has
Recent reports suggest that the U.S. Federal Reserve and other regulators are gearing up to announce significant revisions to the proposed bank capital rules. These changes, which could span up to 450 pages, will focus on key aspects such as operational risk provisions. Among the expected alterations are reductions in the capital requirements for business
The gold market has shown signs of growth recently, with the price of a troy ounce reaching 2517 USD. This increase in price comes ahead of the release of the US employment report for August, which could have a significant impact on the market. With the Federal Reserve closely monitoring the employment data, there is