da oggi i cittadini italiani sono ufficialmente debitori del Pianeta per il resto del 2023
In UK il Capo Economista della BoE Pill ha avvertito che l’istituto centrale londinese manterrà alta la guardia per il tempo in cui la crescita dell’inflazione sarà superiore al 2%. Seguire le orme della Fed, tuttavia, sarà un’ardua impresa anche considerando che il mercato del lavoro non è così stabile. Inizia a sollevarsi un bel polverone: secondo i predecessori di Sunak, la Brexit è stata un fallimento.
Il Presidente della Federal Reserve di Cleveland Mester ha espresso ancora incertezza sul futuro dei tassi di interesse: i dati dei prossimi mesi saranno indicativi per valutare se si è arrivati ad un punto di svolta. Nel frattempo, le vendite al dettaglio risultano essere allo 0,4% vs 0,8% atteso su base mensile, ma scorporando il dato del comparto automobilistico il dato è positivo.
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According to the Halifax house price index, the price of residential property fell for the first time since 2012. The 1% depreciation between May 2022 and May 2023 came in line with expectations as analysts assess the impact of higher interest rates on households.
The vast Ukrainian Nova Khakovka Dam has been destroyed in the Russian occupied region of Kherson, Ukraine releasing a torrent of water as concerns for residents and nuclear power facilities up and downstream grows.
Plans have been unveiled for a Universal Basic Income (UBI) trial in the UK, with the think tank Autonomy currently seeking financial backing. It is hoped that the trial will span over two years with participants receiving £1,600 each month and being in control of how they spend or save the funds.
Today all eyes are on US labour market data where the markets will be looking to gain an insight into the health of the US economy and the extent to which the jobs market is feeding into inflationary pressures ahead of the Fed’s meeting on 12 June.
Last night, the House comfortably passed the debt ceiling bill in arguably the most important stage in the process to ensure that the world’s largest economy averts a technical default. The House of Representatives cleared the Fiscal Responsibility Act by 314-117, the bipartisan deal assembled by President Joe Biden and House Speaker Kevin McCarthy.
Tonight, congress will vote on the bill agreed by President Joe Biden and House Speaker Kevin McCarthy, as the US tries to avert X-date by raising the debt ceiling. According to Reuters, “the deal caps federal spending and forces more poor people to work for food aid, concessions that Democrats hate. But it also preserves much of Biden's Inflation Reduction Act and punts the next debt ceiling showdown into 2025, which Republicans hate.”
As markets weigh on the Bank of England’s interest rate decision on 22 June, this morning’s hotter-than-expected inflation print has seen investors upwardly revise rate hike expectations. Indeed, market reaction to this morning’s print is a further reaffirmation that inflation continues to be the hottest topic of conversation.
The incumbent Recep Tayyip Erdogan has secured another five years as Turkey’s president following a run-off election which saw him take 52% of the votes, against Kemal Kilicdaroglu’s 48%