Daily Management Review
Economics

US Fed To Raise Rates By 25 Bps In March; Analysts Call For 50 Bps Due To Record Inflation

According to a Reuters poll of economists, the US Federal Reserve will start tightening in March with a 25-basis-point rate hike, but an increasing number of people predict the Fed will go for a more aggressive half-point hike to combat inflation.   Inflation continues to grow around the...

Inflation Rate In UK Hits 5.5%, A New High For 30 Years

Inflation in the United Kingdom was 5.5 per cent in January, slightly higher than projections and still at a 30-year high.   Consumer prices fell by 0.1 per cent on a monthly basis, slightly less than economists predicted in a Reuters poll. The yearly rate of growth was predicted to stay at...

Japan's GDP grows worse than forecast in Q4

Japan's GDP in the fourth quarter of 2021, according to a preliminary estimate, grew 5.4 percent year over year (if GDP had grown at the same rate for four consecutive quarters), government data show. Analysts polled by DailyFx expected growth of 5.8%. By the previous quarter, Japan's GDP had...

ECB Asks EU Banks To Spruce Up Defences Against Potential Hacks From Russia

The European Central Bank is advising banks in the eurozone to strengthen their defenses against cyberattacks, particularly in light of geopolitical tensions such as the stalemate between Russia and Ukraine, according to reports quoting the top supervisor of the ECB.   Andrea...

UK Economy Grew At 7.5% In 2021 As It Marks A Rebound

Official estimates reveal that the UK economy grew by 7.5 per cent last year, despite a drop in December owing to Omicron limitations.   It was the fastest rate of growth since 1941, but it followed a 9.4 percent drop in 2020 when the epidemic pushed portions of the economy to close.  ...

January Inflation Rate In US Rise At Fastest Rate Since 1982

Price increases in the United States last month grew faster than expected, pushing the annual inflation to 7.5 per cent, which was the highest rate since 1982.   Food and energy prices contributed to the hikes, which left few spending categories unaffected.  ...

U.S., Japan reach agreement to lift duties on Japanese steel imports

The U.S. and Japanese governments reached an agreement to reduce tariffs on imports of a limited amount of Japanese steel in order to expand trade between the countries and counter "unfair trade practices" by the PRC, said U.S. Trade Representative Katherine Tai. "This agreement, combined with last...

Why inclusion is at the centre of the cashless economy debate

Within every great debate there are certain rigid facts. As the arguments on both sides evolve, it becomes clearer which points bend and which stubbornly endure. In the debate over cash and the digitalisation of money, one consideration that cannot be so easily brushed aside is the likelihood of...

China faces shortage of goods depicting the Olympic mascot

The organizers of the Beijing Olympics faced a shortage of goods with the image of the mascot of the Games - the panda Bing Dwen Dwen. Demand for them increased sharply after the start of the competition, but production volumes were limited due to the closure of factories for the Chinese New Year....

Saudi Aramco raises oil prices for Asia and the US

The world's largest oil exporter, Saudi Aramco, raised prices for its key markets. The decision comes days after OPEC+ countries announced a 400,000 bpd increase in oil production in March. Saudi state oil company Saudi Aramco has raised the price of its oil for refiners in Asia, the U.S. and...
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