Inflation tumbles further in June: OECD
Core inflation recedes alongside falling energy prices
- By: James Langton
- August 3, 2023 August 3, 2023
- 15:06
Core inflation recedes alongside falling energy prices
There were 31,224 consumer insolvencies in the April to June period, up 23.5% compared with the same period last year
The four-week moving average of claims, a less-volatile measure, fell by 5,500 applications to 228,250
Average cost of a detached home in the market rose 4.8% year over year to top $1.4 million
Quarter-percentage point increase, to 5.25%, was the central bank's 14th hike in a row
Analyst sentiment turns rosier for S&P 500 companies, Refinitiv reports
Sales in the market totalled 2,455 last month, a 28.9% increase from a year ago
BoC research found that hedge funds joined the selling action in bond markets
Data suggests the labour market is slowly normalizing from post-pandemic extremes
Decline in working population to pressure growth and government finances
Reducing hours and stress could entice older workers to stay employed, survey finds
Home sales, earnings and a jobs report are coming this week
Declining loan growth, rising funding costs temper benefit of higher rates, Moody's says
The 20 eurozone countries saw modest growth in Q2
Core inflation calls revised higher, amid growth, wage pressures
Major reforms unlikely after review finds funds resilient to market stress
Impacts of tighter financial conditions, banking stress evident in Q1
Individual bank scores will be used by banking regulators in determining how much capital they need to hold in reserve
Benchmark interest rate stays at minus 0.1%, taking a nimbler approach to keep financial markets stable
Performance was slightly lower than expected, given reduced mining and oil and gas operations
Revenues rose by $1.3 billion on higher interest and employment insurance premiums, and greater proceeds from personal income tax