The ECB faces a delicate balance, with improved consumer confidence potentially reducing rate-cut expectations, but recession fears maintaining pressure for accommodative policies. Uncertainty about December’s ECB interest rate decision is…
Tag: Economics
Michigan Consumer Sentiment Rises To 70.5, Beating Analyst Estimates
Current Economic Conditions improved from 63.3 in September to 64.9 in October, while Index of Consumer Expectations decreased from 74.4 to 74.1. Year-ahead inflation expectations remained unchanged at 2.7%, within…
Southwest Air Tops Q3 Estimates, American Airlines Upgrades 2024 Outlook
Southwest, American Airlines, UPS, and Honeywell post mixed Q3 results, with Southwest and UPS beating earnings, while Honeywell misses revenue targets….Read More
Eurozone Services PMI Drops in October, Signaling a 25bps December ECB Rate Cut
Demand for services fell for the second consecutive month in October. New orders fell at the sharpest pace for nine months. Employment stagnated across the services sector. Input prices in…