Economic News Category

Eyes on USA big economic event’s impact on USD Philadelphia Federated Index release The Philadelphia Federal Reserve’s Manufacturing Index is based on the Manufacturer’s Business Outlook Survey of the Third Federal Reserve Board. Participants received various measurements of activity at the factory (employment, working hours, new and unfulfilled orders, deliveries, stocks, delivery times, prices paid,)

Upcoming UK CPI Data – Will the Inflation trend rise? Retail sales data will be significant on Friday as UK consumer spending has remained at a fairly low level since May. Another negative footprint in October will dampen growth driven by hot inflation figures. There was good news that the stock market has stabilized late

No Rate Hike – RBA Gov Lowe The Reserve Bank of Australia board is evaluating the move as early as June next year for financial markets but continues to believe that a rate hike will not be necessary until 2024 given local wage momentum and inflation. Key Notes – • RBA governor says official rate

Rising Inflation Raised the Tensions of the United States Inflation is just rising unexpectedly and not dropping soon in the US. Economists have estimated that this price rise will not stay for long in the future. As per some residents of the United States, inflation is settled in the country and the economists are spreading

Carmakers to Target $515B for Electric Vehicles & their Batteries Till 2030 The plans of spending more than half a billion dollars are there in the minds of the electric vehicle manufacturers till 2030. From a report given by Reuters, the firms are trying their best to stop the use of fossil fuel-based cars to