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Bank of Canada likely to lead the U.S. Fed in rate cuts: The Bank of Canada (BoC) is likely to move ahead of the U.S. Federal Reserve on its first rate cut ...
reuters.com/business/finance/bank-canada-likely-lead-us-fed-rate-cuts-2024-03-26/
Quick Glance: Bank of Canada Likely to Lead U.S. Fed in Rate Cuts
- The Bank of Canada is likely to move ahead of the U.S. Federal Reserve on its first rate cut, as tepid economic growth and cooling inflation are priming up conditions to ease borrowing rates sooner, economists and analysts said.
- Canada may also need deeper cuts in the current cycle, since the economy is much more sensitive to interest rates due to its household debt, which as a percentage of net disposable income is the highest among G7 countries.
- Canada is expected to cut more aggressively over a longer time frame than its neighbor.
- Bank of Canada Governor Tiff Macklem has said that despite two back-to-back soft inflation prints, underlying price pressures in the economy still persisted and it was still too early to consider a cut.
Climate change driving up inflation in food prices: Study: Rising global temperatures are associated with inflation in food prices, both in regions that are ...
thehill.com/policy/energy-environment/4554700-climate-change-driving-up-inflation-in-food-prices-study/
Economic institutes lower growth forecast to 0.1 percent: The leading economic institutes in Germany have drastically revised their forecast downwards ...
tagesschau.de/wirtschaft/fruehjahrsprognose-institute-100.html
Toyota confirms UK pricing for new GR Yaris: £10k price rise for Toyota's hot hatch hero - and the special editions are £60k...
pistonheads.com/news/ph-japanesecars/toyota-confirms-uk-pricing-for-new-gr-yaris/48353
Dow, S&P fall for third straight session with inflation data eyed: U.S. stocks slipped on Tuesday, giving up modest gains late in the session to send the Dow and ...
reuters.com/business/futures-rise-megacap-chip-stocks-bounce-2024-03-26/
Oil's Red Sea problem is getting harder to ignore: Oil shipments and prices are being disrupted by turmoil on the high seas.
axios.com/2024/03/26/crude-oil-markets-red-sea
Higher olive oil prices due to shortage - Foodstuffs: Supermarket giant Foodstuffs is warning of a olive oil shortage and in turn higher prices at the checkout.
rnz.co.nz/news/country/512615/higher-olive-oil-prices-due-to-shortage-foodstuffs
Germany's economy: Institutes drastically reduce growth forecast: Germany's leading economic institutes have reduced their growth expectations for the current ...
stern.de/wirtschaft/news/deutschlands-wirtschaft--institute-senken-wachstumsprognose-drastisch-34580142.html
‘Distinction the new credit’: Grade inflation puts uni integrity at risk: An investigation into grade inflation by Sydney University found a 234 per cent ...
smh.com.au/national/nsw/distinction-the-new-credit-grade-inflation-puts-uni-integrity-at-risk-20240321-p5fe7i.html
Poverty situation in Germany remains mixed: 2022 was the year of rapid inflation. However, according to the poverty report by the Paritätischer Gesamtverband ...
tagesschau.de/inland/gesellschaft/armut-inflation-100.html
Federal Reserve expected to cut rates, lift Biden's prospects: The U.S. Federal Reserve looks on track to cut interest rates as the presidential campaign season ...
reuters.com/markets/us/federal-reserve-expected-cut-rates-lift-bidens-prospects-2024-03-25/
Stock market today: Indexes slip again ahead of inflation data: Stocks logged another losing session on Tuesday, after closing lower in the prior two sessions ...
markets.businessinsider.com/news/stocks/stock-news-today-rally-fed-comments-pce-inflation-data-powell-2024-3
Ready for spring break travel? L.A. County gas prices top $5 a gallon: Higher crude oil prices and increased demand for fuel from spring break road trips have ...
latimes.com/california/story/2024-03-24/gas-prices-in-la-over-5-a-gallon
Quick Glance: Rising Gas Prices in California during Spring Break
- The surge in crude oil prices and the increased demand for fuel due to spring break have led to rising gas prices in California.
- Drivers in Los Angeles County are even experiencing higher prices, averaging $5.035.
- Moreover, California is set to transition to its summer gas blend, potentially costing 15 cents more per gallon than the current winter blend, as mentioned by Shupe.
- The national average for a gallon of gas stands at $3.533, as reported by AAA.
Yen hits 34-yr low ahead of key US inflation data: The yen dropped to its lowest level since 1990 on Wednesday before rebounding slightly after Japan's top ...
reuters.com/markets/currencies/dollar-steadies-yen-teeters-ahead-key-us-inflation-data-2024-03-27/
Australia survives sold out Taylor Swift shows without spike in inflation: Australia survived sold out Taylor Swift concerts in Sydney and Melbourne without a ...
reuters.com/world/asia-pacific/australia-inflation-holds-two-year-low-34-feb-2024-03-27/
Why Costco’s hot dog is still $1.50 when everything has gotten so expensive: Inflation has touched nearly everything these last few years — even Trader Joe’s ...
cnn.com/2024/03/27/economy/costco-hot-dog-inflation/
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Australia to recommend minimum wage rise in line with inflation: Australia's government will support a minimum wage increase in line with inflation this year as ...
reut.rs/3VxUw2W
Why investors are dumping the capital markets for real estate: Assets that were previously highly preferred by investors have grown less popular.
nation.africa/kenya/business/why-investors-are-dumping-the-capital-markets-for-real-estate-4570598
Rentals costing landlords up to $450 a week in top-ups: The five things you need to know about the housing market this week.
oneroof.co.nz/news/rentals-costing-landlords-up-to-450-a-week-in-top-ups-45221
Work on Sooke trail fills gap between neighbourhoods, encourages walking and cycling
timescolonist.com/local-news/work-on-sooke-trail-fills-gap-between-neighbourhoods-encourages-walking-and-cycling-8508661
Your 401(k) has 'room to run.' And it's not all about Fed rate cuts.: The Fed's plans to cut interest rates seems to be driving up stocks and your 401(k) ...
usatoday.com/story/money/2024/03/24/fed-rate-cuts-stocks-economy/73074366007/
Money blog: Eight major price rises next Monday - but it's not all bad news: National Price Hike Day is on Monday, with water bills, broadband ...
news.sky.com/story/money-latest-mortgage-rates-house-prices-blog-sky-news-live-13040934
Singapore Feb core inflation accelerates to 7-month high amid Lunar New Year: Singapore's February core inflation accelerated to its fastest pace in seven months ...
reuters.com/world/asia-pacific/singapore-february-core-inflation-rises-36-yy-2024-03-25/
Official data confirms UK economy slipped into recession last year: Figures offer little cheer to Rishi Sunak as his Conservative party trails heavily in opinion ...
ft.com/content/f244e2af-c0aa-469e-a0c4-dab4da7a3ca7
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Powell Juices Bond Market Bet on Inflation With Tilt to Jobs: Federal Reserve Chair Jerome Powell’s increasing focus on protecting the job market is encouraging ...
bloomberg.com/news/articles/2024-03-28/powell-juices-bets-in-bond-market-on-inflation-with-tilt-to-jobs
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DWP Pension increase next week 'not enough' experts warn: Pensioners will see their state pension increase by up to £900 from April 1
southwalesargus.co.uk/news/24214655.dwp-pension-increase-next-week-not-enough-experts-warn/
Luxury hotels are having a glorious moment: Rich travellers mean rich returns for investors
economist.com/business/2024/03/21/luxury-hotels-are-having-a-glorious-moment
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We’ve stopped splurging – but have we finally tamed inflation?: The latest monthly data shows there’s no sign of inflation heating up again ...
theage.com.au/politics/federal/we-ve-stopped-splurging-but-have-we-finally-tamed-inflation-20240327-p5ffny.html
Not even Taylor Swift could drive up Australian inflation: There's no bad blood between the pop superstar and the Australian Bureau of Statistics
qz.com/taylor-swift-eras-tour-australia-inflation-1851368762
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US Consumer Sentiment Jumps to Highest Level Since July 2021: US consumer sentiment rose markedly toward the end of March, supported by strong stock-market gains ...
bloomberg.com/news/articles/2024-03-28/us-consumer-sentiment-jumps-to-highest-level-since-july-2021
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Sri Lanka March Inflation Cools, Backing Case for Easing Policy: Sri Lanka’s inflation cooled for the second straight month in March, backing the central bank’s ...
bloomberg.com/news/articles/2024-03-28/sri-lanka-march-inflation-cools-backing-case-for-easing-policy
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German economy expected to grow only 0.1 percent this year - Latest News: The German economy is expected to barely grow this year, leading economic institutes ...
hurriyetdailynews.com/german-economy-expected-to-grow-only-0-1-percent-this-year-191981
Why is Easter chocolate so expensive? Wisconsin chocolatiers talk about historic prices
wisfarmer.com/story/news/state/2024/03/27/both-chocolate-makers-consumers-feelcocoa-prices-reach-historic-high-heres-what-consumers-can-expect/73047702007/
Quick Glance: Bittersweet Easter for Chocolate Lovers and African Cocoa Farmers
- Changing climate negatively impacts global cocoa supply and West African cocoa farmers’ earnings.
- Cocoa exports from Ivory Coast down by a third lead to a sharp rise in cocoa prices globally.
- Major chocolate manufacturers increase chocolate prices to boost profits while consumers pay more.
- Smaller chocolate businesses struggle with rising cocoa prices and declining sales as efforts to boost cocoa production are implemented.
Expensive Easter chocolate bunnies: Is chocolate inflation a greed inflation?: The price of numerous chocolate products has risen significantly faster than ...
faz.net/aktuell/wirtschaft/unternehmen/osterschokohasen-ist-die-schokoinflation-eine-gierflation-19615840.html
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ECB’s Panetta Sees Time to Cut Nearing on ‘Rapid’ Inflation Drop: European Central Bank Governing Council member Fabio Panetta said the growth in consumer prices ...
bloomberg.com/news/articles/2024-03-28/ecb-s-panetta-sees-time-to-cut-nearing-on-rapid-inflation-drop
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Zambian Inflation at 25-Month High as El Niño Fans Food Costs: Zambia’s annual inflation rate leapt to a more than two-year high as its worst drought on record ...
bloomberg.com/news/articles/2024-03-28/zambian-inflation-at-25-month-high-as-el-nino-fans-food-costs
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Global smartphone market set to rebound in 2024, report says: Global smartphone shipments are expected to rebound 3% this year as easing inflation aids a demand ...
reuters.com/technology/global-smartphone-market-set-rebound-2024-report-says-2024-03-28/
Global Economy Latest: How Long Will Inflation Last: I’m Rich Miller, an enterprise writer on the economy in Washington, and today we’re looking at two new ...
bloomberg.com/news/newsletters/2024-03-28/global-economy-latest-how-long-will-inflation-last
Where does the ECB go next?: As the monetary cycle looks set to turn, the policy framework for the next phase remains unclear
ft.com/content/e62d216c-d76c-4f63-a4e8-1830598c7d64
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DWP Pension increase next week 'not enough' experts warn: Pensioners will see their state pension increase by up to £900 from April 1
exmouthjournal.co.uk/news/24214207.dwp-pension-increase-next-week-not-enough-experts-warn/
Safeguards said to be in place to protect Victoria bridges: There have been minor collisions at the Johnson Street Bridge.
timescolonist.com/local-news/safeguards-said-to-be-in-place-to-protect-victoria-bridges-8515251
Quick Glance: New Insights into Baltimore Bridge Collapse from Drone and Traffic Camera Footage
- Authorities released footage of the Francis Scott Key Bridge crash site on Thursday.
- New traffic camera recordings provided a different perspective on the moments leading up to the bridge's collapse on Tuesday.
- An audio recording of emergency communications sheds light on the tense moments before the Baltimore bridge collapsed.
- Officials announced the suspension of search and rescue operations following the Baltimore bridge collapse on Tuesday.
Stock market news today: US futures tread water ahead of PCE inflation: US stocks are set to open flat on the last day of the quarter, as investors held back ...
markets.businessinsider.com/news/stocks/stock-market-news-today-us-futures-inflation-last-day-quarter-2024-3
Yen on intervention watch; Asia shares subdued: The yen languished near its weakest in decades on Thursday though the threat of intervention from Japanese ...
reuters.com/markets/global-markets-wrapup-1-2024-03-28/
Egg and chocolate prices are hopping — just in time for Easter: Bad weather and disease are straining the supply of cocoa. Meanwhile, another outbreak of bird ...
bostonherald.com/2024/03/27/egg-and-chocolate-prices-are-hopping-just-in-time-for-easter/
BoE's Haskel says rate cuts should be 'a long way off', FT reports: Bank of England (BoE) interest-rate setter Jonathan Haskel said that rate cuts should be "a ...
reuters.com/markets/rates-bonds/boes-haskel-says-rate-cuts-are-long-way-off-ft-reports-2024-03-28/
Don't sweat the prospect of no Fed rate cuts, economist says — markets will still march higher
cnbc.com/2024/03/28/dont-sweat-the-prospect-of-no-fed-rate-cuts-economist-says.html
CNBC Daily Open: Focus turns to key inflation data: Wall Street is set to get more insight on the underlying trends of inflation.
cnbc.com/2024/03/28/cnbc-daily-open-focus-turns-to-key-inflation-data.html
Turkey’s internet cafes rapidly vanish amid broader trend of small business closures
duvarenglish.com/turkeys-internet-cafes-rapidly-vanish-amid-broader-trend-of-small-business-closures-news-64085
Argentine Poverty Neared Pandemic Levels Before Milei Austerity: Poverty levels in Argentina rose slightly in the second half of 2023 as soaring inflation ...
bloomberg.com/news/articles/2024-03-27/argentine-poverty-neared-pandemic-levels-before-milei-austerity
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Interest rate: Investors may dump equity market, say analysts: Analysts have stated that the decision of the Monetary Policy Committee to raise the benchmark ...
punchng.com/interest-rate-investors-may-dump-equity-market-say-analysts/
UK Living Standards Advance as Wage Growth Outstrips Inflation: UK living standards continued to recover at the end of 2023 as inflation eased and workers ...
bloomberg.com/news/articles/2024-03-28/uk-living-standards-advance-as-wage-growth-outstrips-inflation
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Stock Markets Today: Fed rates, US stocks, French unemployment, UK homes, BOJ: Get up to speed with what the markets are monitoring
bloomberg.com/news/newsletters/2024-03-28/stock-markets-today-fed-rates-us-stocks-french-unemployment-uk-homes-boj
Price increases in store for consumers from Monday: Inflation in Ireland has fallen significantly in recent months, but a number of cost increases will weigh on ...
rte.ie/news/ireland/2024/0327/1440402-price-increases/
Canada's GDP rebounds in January, likely up 0.4% in February: Canada's gross domestic product strongly rebounded in January exceeding expectations and February's ...
reuters.com/markets/canadas-gdp-outperforms-jan-growth-forecast-likely-grew-04-feb-2024-03-28/
Which country will be last to escape inflation?: A new dividing line in the global fight
economist.com/finance-and-economics/2024/03/27/which-country-will-be-last-to-escape-inflation
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Costco’s hot dog is still $1.50 when everything has gotten more expensive. Here's why
richmond.com/news/nation-world/business/economy/costco-hot-dog-deal-strategy-inflation/article_c45f1a6b-949f-5aae-ac18-610b05001a58.html
Inflation: Fed director sees no reason to rush to cut rates: The central banker Christopher Waller sees the possibility of keeping interest rates at their ...
handelsblatt.com/finanzen/geldpolitik/inflation-fed-direktor-sieht-keinen-grund-zur-eile-fuer-zinssenkungen/100028459.html
MAS likely to keep Sing$ policy stance tight even as major central banks flag possible rate cuts
straitstimes.com/business/mas-likely-to-keep-sing-policy-stance-tight-even-as-major-central-banks-flag-possible-rate-cuts
2024 Global Smartphone Market Rebounds, Counterpoint Research Predicts 3% Growth Amid AI Boom
techtimes.com/articles/303030/20240328/2024-global-smartphone-market-rebounds-counterpoint-research-predicts-3-growth.htm
Navigating challenges, strategies in Indonesia’s rice market - Academia - The Jakarta Post
thejakartapost.com/opinion/2024/03/28/navigating-challenges-strategies-in-indonesias-rice-market.html
Fed's Waller still sees 'no rush' to cut rates amid sticky inflation data: Federal Reserve Governor Christopher Waller said on Wednesday that recent ...
reuters.com/markets/us/feds-waller-still-sees-no-rush-cut-rates-amid-sticky-inflation-data-2024-03-27/
Trader Joe’s upped the price of its bananas for the first time in decades. Here’s why
orlandosentinel.com/2024/03/27/trader-joes-upped-the-price-of-its-bananas-for-the-first-time-in-decades-heres-why/
MP welcomes Stourbridge police base news in latest column: Wonderful news for Stourbridge last week when it was finally announced we are to have a new police ...
stourbridgenews.co.uk/news/24212888.mp-welcomes-stourbridge-police-base-news-latest-column/
Taylor Swift gave retail a boost, showing up the rest of the economy: Not even a blast of spending from Swifties in the nation’s two largest states was enough to ...
smh.com.au/politics/federal/taylor-swift-gave-retail-a-boost-showing-up-the-rest-of-the-economy-20240328-p5ffuz.html
Now's the Time for Budget Brands to Target Luxury Shoppers: Walmart and Dollar Tree are tapping higher-income customers to make ends meet ...
trib.al/6zBgCc9
Ingham County is reliably Democratic, but enthusiasm for Biden is lagging: Concerns about inflation and other issues have hit home in Ingham County ...
freep.com/story/news/politics/elections/2024/03/28/ingham-county-democratic-voting-biden-election/73070547007/
Secondhand clothing sales sizzle with inflation-fatigued consumers, report says: The U.S. secondhand apparel market reportedly grew seven times faster than the ...
oregonlive.com/business/2024/03/secondhand-clothing-sales-sizzle-with-inflation-fatigued-consumers-report-says.html
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Australian Retail Sales Moderate in February, Missing Estimates: Australian retail sales moderated in February despite Taylor Swift-driven demand ...
bloomberg.com/news/articles/2024-03-28/australian-retail-sales-moderate-in-february-missing-estimates
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Dollar Tree Is Raising Its Price Cap to $7: 'The Macro Environment Has Gotten in Our Way'
entrepreneur.com/business-news/dollar-tree-is-raising-its-price-cap-again/471763
Quick Glance: Dollar Tree Increases Max Price to $7, Attracts Higher Income Shoppers
- Dollar Tree plans to raise the price cap in its stores to $7 as announced in a quarterly report in March.
- The demographics of Dollar Tree customers trend towards higher income brackets, with an increasing proportion of individuals earning over $125,000 per year.
- The company intends to close approximately 600 locations under the Family Dollar brand this year, as well as an additional 400 locations over the coming years.
- Dollar Tree opened 641 new stores in the previous fiscal year and currently operates 16,774 stores across 48 states and five Canadian provinces.
Burnley FC defends decision to increase season ticket prices for 2024/25 campaign
burnleyexpress.net/sport/football/burnley-fc-defends-decision-to-increase-season-ticket-prices-for-202425-campaign-4571312
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Parksville property owners get exemption from short-term rental rules: The B.C. government has clarified exemption requirements for strata hotels and motels.
timescolonist.com/local-news/parksville-property-owners-get-exemption-from-short-term-rental-rules-8520733
Australia News Today: Export Gloom, Inflation, Wine Tariffs: Good morning everyone, it’s Ben here on a cool Canberra morning. Here’s what’s making news today ...
bloomberg.com/news/newsletters/2024-03-27/australia-news-today-export-gloom-inflation-wine-tariffs
Yen hits 34-yr low ahead of key US inflation test : The dollar climbed on Wednesday in the wake of more strong U.S. economic data, nudging the Japanese yen to a ...
wionews.com/world/yen-hits-34-yr-low-ahead-of-key-us-inflation-test-704707
Supermarkets supersized their profits during the pandemic: Operating incomes at major grocery chains grew in 2021 — and are still climbing
qz.com/supermarket-prices-grocery-food-inflation-pandemic-1851369826
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Thursday’s Morning Call: Market Eyes Central Bank Inflation Insights: Today's market closely follows the Central Bank's inflation report ...
riotimesonline.com/thursdays-morning-call-market-eyes-central-bank-inflation-insights/
STV News bulletins axed from screens as staff walk out in pay row: STV News at Six and Scotland Tonight will be affected, as will the bulletins running ...
dailyrecord.co.uk/news/scottish-news/stv-news-bulletins-axed-screens-32456310
Dollar consolidates ahead of inflation data; yen holds off 152 mark | The Asahi Shimbun: Breaking News, Japan News and Analysis
asahi.com/ajw/articles/15212674
Bad roads driving food inflation, says LCFE boss: The Managing Director/Chief Executive Officer of Lagos Commodities and Futures Exchange, Mr Akin Akeredolu-Ale ...
punchng.com/bad-roads-driving-food-inflation-says-lcfe-boss/
Japan’s mixed inflation picture complicates BOJ rate hike path: The services producer price index, which measures what companies charge each other for services ...
financialexpress.com/policy/economy-japans-mixed-inflation-picture-complicates-boj-rate-hike-path-3437030/
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