Auto Added by WPeMatico

Inflation Expectations of Eurozone Consumers ‘Increased Significantly,’ ECB Says

Consumers in the euro area have sharply raised their expectations about inflation in the coming months, the European Central Bank revealed. Survey data showing this comes after the monetary authority…

Continue ReadingInflation Expectations of Eurozone Consumers ‘Increased Significantly,’ ECB Says

Ron Paul States Federal Reserve’s ‘Decade of Near 0% Rates’ Caused Today’s Financial Crisis

Former House Representative Ron Paul has presented his stance when it comes to the financial crisis that the U.S. is currently facing. Paul stated that the continued application of quantitative…

Continue ReadingRon Paul States Federal Reserve’s ‘Decade of Near 0% Rates’ Caused Today’s Financial Crisis

Japan’s Inflation Surges to 3.5% as New BOJ Governor Takes the Helm

This week, the Statistics Bureau of Japan unveiled the latest core consumer price index (CPI) report for the country, revealing a surge to 3.5%. This figure comes as a surprise…

Continue ReadingJapan’s Inflation Surges to 3.5% as New BOJ Governor Takes the Helm

No Rate Hikes in Russia, Central Bank Keeps Interest Rate Level Again

Bank of Russia decided to maintain the interest rate at 7.5% amid moderate inflation, estimated at 2.5% on an annual basis in April, although this may change later this year.…

Continue ReadingNo Rate Hikes in Russia, Central Bank Keeps Interest Rate Level Again

Gold Slides on Higher US Treasury Yields, Dollar

Prices of gold, and other precious metals, fell on Wednesday due to stronger U.S. yields and national currency. The decline comes on the backdrop of expectations of new interest rate…

Continue ReadingGold Slides on Higher US Treasury Yields, Dollar

Core Inflation on Upward Trend, Further Rate Hikes Expected, ECB Execs Say

Amid underlying inflationary pressures, further interest rate increases may still be needed, members of the European Central Bank’s Governing Council have admitted. At the same time, the cycle with the…

Continue ReadingCore Inflation on Upward Trend, Further Rate Hikes Expected, ECB Execs Say