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Bank of Canada's Macklem sees a modest rate hike as a major risk for the economy

Tiff Macklem, governor of the Bank of Canada, said that a sharp rise in interest rates is likely to push the country into a deeper recession. But the central bank's failure to tackle inflation presents greater risks to the economy of Canada.

13 December 2022
Australian consumer sentiment improves

Australia's consumer sentiment index fell to a record low in November. However, it has already risen in December. It’s driven by the fact that consumers anticipate the end of a difficult cycle of rising interest rates.

13 December 2022
IMF: global debt exceeds pre-pandemic levels despite fall in 2021

On Monday, the International Monetary Fund (IMF) released data showing that after peaking as a result of the spread of the coronavirus infection, the fall in global public and private debt in 2021 was the largest in the last 70 years.

13 December 2022
MUFG Bank: inflation data and FOMC meeting can cause an increase in the dollar at the end of the year

This week will be crucial for the dollar’s dynamics till the end of the year. The last CPI report in the States will be released, and the last FOMC meeting of this year will be held.

13 December 2022
HSBC: the pound will be corrected down against the U.S. dollar, but will not collapse

According to the expectations of HSBC economists, the British pound sterling will decrease against the U.S. dollar, and a sharp decrease in the pair is unlikely.

13 December 2022
MUFG Bank analysts consider the euro's growth to be limited until the end of the year

According to the forecasts of MUFG Bank strategists, the level of the eurozone interest rate will reach 2.75%, which will be the peak. Thus, the growth of the euro will be limited.

13 December 2022
Australian firms are pessimistic, with business remaining brisk in November

Businesses in Australia posted a pessimistic outlook on their earnings for the first time in a year. This is caused by growing fears of soaring inflation and higher interest rates in the country. These factors are likely to hurt consumer spending in the short term.

13 December 2022
U.S. inflation might have declined in November, but it still requires Fed’s actions

This Tuesday, at 8:30 a.m. Eastern Time, updated information on the U.S. Consumer Price Index (CPI) for November is expected to be released.

13 December 2022
Expectations of U.S. supply cut and optimism about Chinese demand stimulate oil growth

Oil continues to rise on Tuesday. The increase in oil prices is due to the shutdown of a key oil pipeline supplying the United States and high demand from China.

13 December 2022
Fed survey finds ebbing inflation expectations

Americans are expecting declines in future levels of inflation in the coming months, a survey from the Federal Reserve Bank of New York showed. In November, consumers expect the inflation rate a year from now and three years from now to be 5.2% and 3%, respectively.

13 December 2022