Energy prices were down 6% in September 2024, compared with September 2023, dragging the inflation rate below the 2% target….Read More
Tag: Economics
RBA Governor Says No Rate Hike Talks – AUD/USD Slides as Rate Hike Talk Cools
Key takeaways from the RBA Rate Statement included, Inflation has fallen substantially since the peak in 2022 but remains above the midpoint of the 2-3% target range. Inflation is expected…
New Home Sales Decline in August, Yet Year-Over-Year Growth Remains Strong
Home Prices Show Mixed Trends The data also revealed mixed signals in home prices. The median sales price for new homes in August was $420,600. While this figure suggests the…
China Caixin Manufacturing PMI Slides to 49.3 in September
Manufacturing sector activity saw its sharpest decline since July 2023. Manufacturers reported a renewed fall in new orders, which fell at the fastest pace since September 2022. New export orders…