Breaking Economic News
US third quarter GDP revised down to an annualised 2%
The final estimate of third quarter US gross domestic product was revised lower on Wednesday, the Commerce Department revealed.
Fed raises rates, as expected
The US central bank on Wednesday raised its main policy rate by 25 basis points, as had been widely anticipated by economists.
UK unemployment rate falls unexpectedly but wage growth slows, ONS reveals
The UK unemployment rate unexpectedly fell to 5. 2% in the three months to October from 5. 3% the previous quarter, according to official data on Wednesday.
US inflation rises 0.5% year-on-year in November, in line with forecasts
US inflation rose 0. 5% in November from a year ago, matching analysts' estimates and marking an improvement from the previous month's 0. 2% increase.
UK inflation rises 0.1% year-on-year in November, as expected
UK inflation returned with a 0. 1% rise in November compared to a year ago, after the previous month's 0. 1% decline.
China signals it might unpeg the Yuan from US dollar
China may be laying the groundwork for untying the yuan from the value of the US dollar.
Fewer Britons expect interest rates to rise next year, BoE says
Consumers’ expectations for inflation over the coming year were unchanged in November.
MPC keeps policy unchanged, as expected
The Monetary Policy Committee kept its main policy rate and the size of its asset purchase facility unchanged at 0. 50% and £375bn, respectively, as economists had expected.
Opec production rises to three-year high
Opec said crude production from its members has risen to a three-year high in November and the Middle East oil cartel also raised its 2015 oil demand forecast.
Swiss central bank keeps rates unchanged, as expected
The Swiss National Bank kept its main policy rate unchanged at -0. 75% on Thursday, as analysts had expected.
West Texas crude futures continue to slide
The US benchmark for crude oil slipped lower early on Tuesday afternoon, returning it to its lowest levels since 2009.
US non-farm payrolls beat expectations in November
According to the Labor Department, non-farm payrolls in November rose by 211,000 compared with October’s upwardly revised 298,000 gain and with analysts’ expectations for a 200,000 reading.
ECB extends monthly asset purchases until March 2017
European Central Bank President Mario Draghi has announced the asset purchase programme will be extended to March 2017 from the original finish date of September 2016.
ECB cuts deposit rate to -0.30% as expected, other rates unchanged
The European Central Bank cut the deposit rate by 10 basis points to -0. 30% on Thursday, as expected by analysts, in an effort to address prolonged weak inflation.
UK service sector growth accelerates in November, Markit says
The UK services sector brushed aside the uncertainty surrounding emerging markets as orders for new work picked up, helping to offset weakness in construction and manufacturing, the results from a widely-followed survey showed.
Data before December FOMC will be key, Fed's Yellen says
The economic recovery Stateside was progressing well, but a rate rise come December was still not guaranteed, the president of the US central bank said on Wednesday evening.
Turkish prime minister will step down if reports of oil smuggling with Daesh true
Turkish prime minister Recep Tayyip Erdogan said he would step down if it were proven that his country has been purchasing oil from Daesh.
Fed's Lockhart sees "compelling" case for rate hike
Federal Reserve Bank of Atlanta president Dennis Lockhart said the case for raising interest rates this month was “compelling”, although dollar strength was a risk to his outlook.
US private payrolls grew more quickly than expected in November, ADP says
The US private sector created 217,000 jobs in November, according to a widely-followed survey.
Eurozone inflation unexpectedly holds steady November
Eurozone inflation rose 0. 1% in the year to November, unchanged from the previous month, according to the 'flash' estimate from Eurostat on Wednesday.