U.S. durable goods orders flat in December

In the week ending January 20, the advance figure for seasonally adjusted initial claims was 214,000, an increase of 25,000 from the previous week's revised level. The previous ...

Real gross domestic product (GDP) increased at an annual rate of 3.3 percent in the fourth quarter of 2023 (table 1), according to the "advance" estimate released by the Bureau of ...

The Governing Council today decided to keep the three key ECB interest rates unchanged. The incoming information has broadly confirmed its previous assessment of the medium-term inflation outlook. Aside from an energy-related upward base effect on headline inflation, the declining trend in underlying inflation has continued, and the past interest rate increases keep being transmitted forcefully into financing conditions. Tight financing conditions are dampening demand, and this is helping to push down inflation. The Governing Council is determined to ensure that inflation returns to its 2% medium-term target in a timely manner. Based on its current assessment, the Governing Council considers that the key ECB interest rates are at levels that, maintained for a sufficiently long duration, will make a substantial contribution to this goal. The Governing Council’s future decisions will ensure that its policy rates will be set at sufficiently restrictive levels for as long as necessary. post: #ECB LEAVES MARGINAL LENDING FACILITY AT 4.75%; EST. 4.75% - BBG *ECB LEAVES DEPOSIT FACILITY RATE AT 4.00%; EST. 4.00% *ECB LEAVES MAIN REFINANCING RATE AT 4.50%; EST. 4.50% post: *ECB: PAST RATE INCREASES BEING TRANSMITTED FORCEFULLY *ECB: TIGHT FINANCING CONDITIONS ARE DAMPENING DEMAND *ECB: DAMPENING DEMAND HELPING TO PUSH DOWN INFLATION *ECB: RATE LEVEL MUST BE MAINTAINED FOR SUFFICIENTLY LONG TIME post: #ECB TO SET SUFFICIENTLY RESTRICTIVE POLICY AS LONG AS NEEDED - BBG *ECB: RATE LEVEL TO MAKE SUBSTANTIAL CONTRIBUTION TO REACHING 2% *ECB TO FOLLOW DATA-DEPENDENT APPROACH IN DETERMINING RATE PATH *ECB: DECLINING TREND IN UNDERLYING INFLATION HAS CONTINUED *ECB: PRICE OUTLOOK,…

post: *LAGARDE: ECONOMY LIKELY STAGNATED IN 4Q - BBG *LAGARDE: DATA SIGNAL WEAKNESS IN NEAR TERM *LAGARDE: SURVEYS POINT TO GROWTH PICKUP FURTHER AHEAD post: ECB'S PRESIDENT LAGARDE: THE DECEMBER INFLATION REBOUND WAS WEAKER THAN EXPECTED. post: ECB'S PRESIDENT LAGARDE: INFLATION IS EXPECTED TO EASE FURTHER OVER 2024. post: ECB's Lagarde: Domestic Price Pressures High But Some Measures Started To Ease - Longer Term Inflation Term Expectations Mostly Stand Around 2% - Risks To Growth Are Tilted To The Downside

post: ECB'S PRESIDENT LAGARDE: THE CONSENSUS AT THE TABLE IS THAT IT'S PREMATURE TO TALK ABOUT RATE CUTS. post: Although @Lagarde just said it was "premature" to talk about cuts, she did not push back explicitly against an earlier move. On wages, she mentions alternative trackers (Indeed, BoI), still high but stable-ish along lower vacancies. The 11 April meeting remains live imo. https://t.co/gWu7eilugf post: ECB’s Lagarde: Need To Be Further Along In Disinflation Process Before We Are Confident About Hitting Target