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The central bank cut the repo rate by 25 basis points to 6.25 percent after keeping it unchanged for eleven consecutive policy meetings
Germany and France, the two largest economies within the bloc, have reported unexpected contractions
The closely watched core measurement of the Consumer Price Index slowed for the first time in months
Core inflation remained steady at 2.7 percent for the fourth month in a row
Despite exceeding 49.5, PMI remained below the 50 threshold for growthÂ
Central bank slashed its policy rate last month for the second time in a row to help prop up the economy
The median sales price of a new U.S. home in November 2024 was $402,600, down from $437,300 in October
The economy grew by only 0.8 percent over the past year, the slowest pace of growth since the early 1990s
Japan's economy grew faster than expected in July-September, driven by higher capital investment and exportsÂ
Other global brokerages, including Goldman Sachs and J.P.Morgan, anticipate a 25 bps cut from the central bank next month
Economy's recent performance has been 'remarkably good, by far the best of any major economy in the world'.
Powell said the results of Tuesday's presidential election would have no 'near-term' impact on U.S. monetary policy
Unadjusted U.S. weekly jobless claims rose 5.4 percent to 212,274 in the week ending November 2
The Federal Reserve will begin its two-day policy meeting only a day after the U.S. presidential election on Tuesday
Central bank lowered the projected inflation rate for fiscal 2025 from 2.1 percent to 1.9 percent, below the bank's price stability goal of 2 percent
September's figure marked the lowest inflation level since February 2021 when consumer prices grew 1.4 percent
Inflation fell to 1.1 percent in August from 1.4 percent in May, partly due to a stronger Swiss francÂ
Currency's significant recovery last month impacted the import price index, which rose 2.6 percent after a 10.8 percent surge in July
CPI showed annual inflation fell by 0.4 points to a lower-than-expected 2.5 percent
This follows a GDP increase of 0.3 percent in both regions during the Q1 2024
The inflation landscape is gradually improving, highlighting the progress toward the ECB's 2 percent target
The government noted that consumption is rising as shipping disruptions at some automakers easeÂ
This growth marks a strong rebound from a sluggish 1.4 percent increase in Q1 2024Â
The upside risks to U.S. inflation have diminished while the downside risks to employment have increased
