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Trade with simulated capital and earn real profits after you pass our trader assessment.
8 December 2023,01:37
Weekly Outlook
8 December 2023, 01:37
In October, the Consumer Price Index (CPI) remained at 0.0%, below the predicted 0.1%, sustaining stability after a 0.4 percent rise in September. The broader all items index indicated a slowdown, reflecting a trend of price stability across various sectors.
September saw a 0.2% GDP increase, driven by professional, scientific, and technical sectors. However, elevated interest rates significantly slow the economy, with economists predicting prolonged stagnation ahead.
The Federal Reserve is expected to maintain the current interest rate range of 5.25% to 5.5% in the upcoming decision next week. This stance comes as October’s Consumer Price Index indicates a continued downward trend in inflation.
Bank of England governor Andrew Bailey consistently cautioned that despite a notable decline in consumer price inflation, the BoE is unlikely to reduce UK interest rates anytime soon. Expectations suggest interest rates may remain at elevated levels.
The European Central Bank confirmed no rate cuts in the next couple of quarters. However, some economists now expect the ECB’s first interest rate reduction to occur in the second quarter of 2024.
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