US inflation hits Fed target only one time since 2012

  • 20/06/2017 10:02 AM
  • Ahmed Mamdouh
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The graph shows that inflation in the United States has met the Federal Reserve’s 2 percent goal just one time since 2012. The PCE deflator, the Fed’s favorite inflation measure, managed to reach the Fed target in one month since 2012, while the core PCE, not including food and energy, has failed to hit the Fed target since 2009. Federal Reserve Bank of New York President William Dudley expe...

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China industrial production holds up as property investment slows

  • 14/06/2017 09:00 AM
  • Ahmed Mamdouh
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China’s data released on Wednesday showed that both industrial production and retail sales held up in May, while fixed-asset investment eased. Industrial production gained an annualized 6.5 percent in May, unchanged from the previous month. Analysts had predicted a 6.4 percent increase. During the same period, retail sales edged up 10.7 percent, below forecasts of 10.8 percent. Pr...

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UK consumer spending reports first fall since 2013

  • 12/06/2017 09:37 AM
  • Ahmed Mamdouh
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U.K. consumer spending reported the first fall in four years in May, adding to economic challenges as business activity weakens and inflation soars. Consumer spending plunged 0.8 percent in the year ended May, the first fall since September 2013, a report by IHS Markit and Visa showed Monday. The rise in energy prices along with the pound’s depreciation since the Brexit vote last year have p...

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Yellen has the lowest inflation average in 30 years

  • 06/06/2017 11:59 AM
  • Ahmed Mamdouh
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Federal Reserve President Janet Yellen has the lowest inflation average for the United States in 30 years, making it a key problem amid progress in labor market.Annual PCE price index, the Fed’s preferred inflation gauge, has averaged 1.1 percent since Yellen took charge in 2014. That is the lowest average in 30 years, compared to a 2.5 average during Alan Greenspan period and 1.9 percent und...

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Do you think the Group of Seven are still the most powerful economies?

  • 30/05/2017 11:26 AM
  • Ahmed Mamdouh
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The graph shows that the importance of the Group of Seven as the world’s most powerful economies has deteriorated amid the rise of other G20 economies. Economies such as China, India and Brazil have become superpowers, surpassing some of the large G7 members.

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Saudi Arabia’s reserves still fall despite recovery in oil prices

  • 29/05/2017 11:33 AM
  • Ahmed Mamdouh
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Saudi Arabia’s net foreign reserves is still falling despite the recovery in oil prices, data released on Sunday showed. Net foreign assets slipped by $8.5 billion in April to $493 billion from a month earlier, marking the lowest level since 2011. So far, reserves have dropped $36 billion. Oil prices showed some signs of recovery this month after falling in March and April, yet reserves cont...

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Egypt unexpectedly raises lending, deposit rates

  • 22/05/2017 08:46 AM
  • Ahmed Mamdouh
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The Central Bank of Egypt unexpectedly decided to raise both lending and deposit rates amidst efforts to lower the sky-high inflation that hit the country since the floatation of the Egyptian pound in November.Policymakers opted on Sunday to lift the overnight deposit rate by two basis points to 16.75 percent, while raised the lending to rate to 17.75 percent. The balance of risks related to...

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How US political chaos weigh on Fed rate hike path

  • 18/05/2017 09:45 AM
  • Ahmed Mamdouh
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The latest political chaos in the United States have pushed investors’ odds for an interest rate hike in June down, while may weigh on the Fed’s interest rates path this year. The current effective fed funds rate and the forward overnight index swap rate are meanwhile seeing a 60 percent chance of raising interest rates in June, down from 80 percent just a week ago. Expectations for another r...

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What does euro area sentiment signal?

  • 16/05/2017 12:07 PM
  • Ahmed Mamdouh
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The significant improvement euro-area sentiment provides signals that recovery in the 19-nation region will continue to strengthen.  Flash GDP reading released today showed that the euro area expanded 0.5 percent in the first quarter, resuming growth for a 16th consecutive quarter since exiting recession in 2013. The ongoing progress in key sectors, services and manufacturing, in April gives...

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China industrial production, investment add to signs of slowdown

  • 15/05/2017 07:31 AM
  • Ahmed Mamdouh
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After China’s strong first quarter, data released todays signaled further signs of slowdown as industrial production, fixed investment and retail sales eased in April. Industrial production gained an annualized 6.5 percent in April, easing from a prior of 7.6 percent advance in March. Analysts had predicted a 7.0 percent increase. During the same period, fixed investment edged up 8.9 percent...

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Egypt’s monthly inflation eases for third month

  • 10/05/2017 11:08 AM
  • Ahmed Mamdouh
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Egypt’s monthly inflation resumed its ease for a third straight month in April, data from Egypt’s official statistics agency showed Wednesday. The consumer price index (CPI) soared 1.7 percent in April, marking the slowest pace since October, down from 2 percent in March.However, annual urban inflation climbed to 31.5 percent from 30.9 percent in March. Monthly inflation is currently at the...

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Is China’s PPI upside direction ending?

  • 10/05/2017 08:56 AM
  • Ahmed Mamdouh
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China’s producer prices signaled a slowdown in April, adding to signs of easing global inflation and moderation of economic momentum with the beginning of the second quarter.China PPI edged up 6.4 percent in the year ended April, compared to a 7.6 percent gain in March and analysts’ projection of 6.7 percent increase. The month-on-month reading reported 0.4 percent drop, the first fall since...

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China’s exports, imports ease from record high

  • 08/05/2017 10:42 AM
  • Ahmed Mamdouh
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China‘s exports and imports eased from record highs in April, raising concerns that growth may slow down after the robust kick off in the first three months of this year. In dollar terms, exports advanced 8 percent in April from a year earlier, while imports surged 11.9 percent, resulting in a widening trade surplus of $38.05 billion. Analysts had estimated a 11.3 percent soar and 18 percent...

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Why the Fed’s vision about gradual rate hikes hasn’t changed?

  • 04/05/2017 14:05 PM
  • Ahmed Mamdouh
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After the end of the two-day policy meeting on Wednesday, the Federal Reserve opted to leave interest rates unchanged, while had not hinted to any change to their plans to raise the borrowing cost two more times this year. The graph describes the three key reasons that would induce the Fed to continue with their gradual rate hikes this year. At 4.5 percent unemployment rate in March, jobless...

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What does the drop in Japan’s non-regular jobs mean?

  • 01/05/2017 09:44 AM
  • Ahmed Mamdouh
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Recent data about Japan’s labor market signaled a drop in non-regular jobs after their growth over the past two years, while full-time jobs soared for the first since 2008.While Japan enjoys very low unemployment rate of 2.8 percent, most of the hiring has been in favor of temporary or part-time workers. Regular jobs edged up by 260,000 in March from a year earlier, while temporary jobs, incr...

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Euro area economic sentiment rises to the highest since 2007

  • 27/04/2017 11:20 AM
  • Ahmed Mamdouh
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Euro area economic sentiment rose to the highest level in nearly 10 years in April, data from the European Commission showed Thursday.The index of executive and consumer sentiment climbed to 109.6 this month, the highest record since August 2007, from a revised of 108 a month earlier, coming above forecasts of 108.2.The improvement in the index reflects the progress among all sectors and eas...

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Are Europeans willing to go cashless if given the option?

  • 26/04/2017 09:39 AM
  • Ahmed Mamdouh
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A recent survey by ING showed that one in three Europeans prefer to go cashless if given the option, raising expectations of seeing more digital future in Europe. The survey, which tracked 15,000 people, showed that twenty-one percent of people rarely carried cash in their wallets over at least year, where the majority predicted they would not need to do so in the coming 12 months.“While half...

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UK public deficit narrows to the lowest level in decade

  • 25/04/2017 11:17 AM
  • Ahmed Mamdouh
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U.K.’s annual public deficit narrowed to the lowest level in almost 10 years, data from the Office of National Statistics (ONS) showed on Tuesday. Public sector net borrowing (excluding public sector banks) narrowed to 52 billion pounds in the 2016-2017 financial year, which is 28 percent below the previous year. That’s the lowest annual deficit since the 2007-2008 financial crisis.In March,...

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Germany’s business confidence climbs to six-year high in April

  • 24/04/2017 14:06 PM
  • Ahmed Mamdouh
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Germany’s business confidence climbed to the highest level in nearly six years in April, adding to further signs the economy would continue on its hot form in the second quarter, data from the Munich-based Ifo institute showed Wednesday. The business climate index scored 112.9 this month, the highest level since July 2011, up from a revised of 112.4 in March. Economists had penciled a rise to...

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Japan’s exports climb at fastest pace in more than two years

  • 20/04/2017 10:37 AM
  • Ahmed Mamdouh
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Japan’s exports climbed to the highest level in more than two years in March, amid improvement in global demand, where imports also rose more than predicted. From a year ago, Japan’s overseas sales advanced 12 percent in March, continuing to rise for a fourth straight month, ending the first quarter in a good shape. Imports advanced 15.8 percent, the strongest gain in more than three years. A...

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