Its The Economy, Stupid - Economic & Business News From Around The World

[Fwiffo]

Inflation ticks upward to 3.7% for August 2023: Here's how it could affect interest rates

Last month was the second time the year-on-year inflation measure has ticked upward since July after 12 consecutive months of decline.

www.nbcnews.com

"Gasoline prices rose 10.6% compared to July and fuel oil prices jumped 9.1%, according to the federal government. That drove up transportation costs. Both commodities cost less than they did a year ago, however."

Better roll out some of those fuel subsidies.

 

[Fwiffo]

European Central Bank increases interest rate for 10th time in a row - hitting a record high

The Bank's deposit rate has been increased by 0.25 percentage points to 4%. Commentators believe rates have probably now reached a peak - but are likely to remain at the current level for months.

news.sky.com

"For example, many in the eastern bloc are still suffering from inflation rates running into double digits.

At the same time, members such as Belgium and Spain are seeing the pace of price growth running at levels nearer 1%."

Wait till it extends into Turkey and Ukraine.

 

[Fwiffo]

Federal Reserve pauses rate hikes as inflation and economy slow down

It's the second time this year the Fed left the key interest rate unchanged after seeing signs of inflation cooling off following 40-year highs.

www.nbcnews.com

Time to list those properties are trade up.