Edited by Simisola Fagbola, Econoday EconomistThe EconomyInflationThe latest UK inflation report reveals a slight easing in price pressures, with the consumer price index rising by 2.8 percent in February on a year-over-year basis, down from [...]
There are two special factors to keep in mind for consumer spending in March and April. The two roll around at this time every year but are particularly acute in 2025.The first is the timing [...]
The EconomyMonetary policy The Bank of Japan's nine-member board voted unanimously to maintain the target for overnight interest rate at 0.5%, as widely expected, after voting 8 to 1 to raise the policy rate by another [...]
In May 2022, the FOMC announced a program to reduce the size of its holdings of US treasuries and agency mortgage-backed securities which had ballooned to just over $8.5 trillion in May 2022 at the [...]
The Trump administration on Monday nominated Fed Governor Michelle Bowman as the next Federal Reserve vice chair for Supervision. Her nomination is likely to proceed with speed and her confirmation is virtually assured. Governor Michael [...]
The EconomyMonetary policy The Bank of Canada, as expected in the Econoday consensus forecast, again cut its target interest rate by 25 basis points from 3.0 percent to 2.75 percent, as the central bank shifts its [...]
Edited by Simisola Fagbola, Econoday EconomistThe EconomyMonetary policy The European Central Bank has delivered another interest rate cut in 2025, lowering all three key rates by 25 basis points. The decision reflects confidence in the disinflation [...]
The 2025 tax filing season for tax year 2024 opened on January 27 and will run through April 15. This is the normal length of a tax season of about 11-12 weeks. The IRS filing [...]
Edited by Simisola Fagbola, Econoday EconomistThe EconomyMonetary policy The Bank of Korea lowered its main policy rate by 25 basis points from 3.00 percent to 2.75 percent at its policy meeting, in line with the consensus [...]
Edited by Simisola Fagbola, Econoday EconomistThe EconomyMonetary policy The Reserve Bank of Australia lowered its main policy rate, the cash rate, by 25 basis points from 4.35 percent to 4.10 percent at its meeting today, in [...]
