The data is here from earlier: Tokyo area January inflation data: Headline 3.4% y/y (expected 3%, prior 3%) Reacpping it: Core inflation in Tokyo climbed to 2.5% marking its fastest annual increase in nearly a year surpassing the Bank of Japan’s 2% target, fueling market speculation over further…
Read MoreTrump said on Thursday afternoon that he’d probably decide that evening on whether to apply his planned 25% tariff to Canadian oil. There hasn’t been any word on this. He may have decided but hasn’t said anything. Or he may not yet have decided. A tariff on oil…
Read More0130 GMT / 0830 US Eastern time: Federal Reserve Board Governor Michelle Bowman gives brief remarks on the economy, and Perspectives on Mutual and Community Banks before the Northern New England CEO Summit co-hosted by the New Hampshire Bankers Association You’ll recall Bowman was the first dissent by…
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Read MoreDue on Friday at 0830 US Eastern time (0130 GMT), the Core PCE data is the focus. The Personal Consumption Expenditures (PCE) data is a key measure of inflation that tracks changes in the prices of goods and services purchased by consumers. It is reported monthly by the…
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Read MoreThe Federal Reserve’s January policy statement omitted its previous reference to inflation making progress toward its target, adding a more hawkish tone. However, economists at Citi expect the Fed’s preferred inflation gauge, the 12-month PCE inflation rate, to decline in the coming months as the impact of sharp…
Read MoreThe Federal Reserve is likely to hold off on interest rate cuts in the first half of the year, as persistently elevated core inflation and a resilient U.S. economy in the first quarter keep policymakers cautious, according to analysts at TD. The potential economic impact of new tariffs…
Read MorePoshmark has announced the launch of Smart List AI, an artificial intelligence-driven feature designed to simplify and enhance the resale experience for sellers. Set to debut for iOS users in the U.S. and Canada in February 2025, Smart List AI aims to automate listing creation, reducing the time…
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