Monthly Financial Market Update – August 2024
Global Macroeconomic Review United States: In July, consumer prices in the US increased at a slower pace for the fourth consecutive month. The Consumer Price Index rose to 2.90% year-on-year, down from 3.00% in June. Energy costs went up by 1.1%…
Monthly Financial Market Update – July 2024
Global Macroeconomic Review United States: The consumer prices in the United States moderated to 3.00% y/y in June (estimated at 3.10%), down from 3.30% y/y in May. This marks the third consecutive drop in inflation in 2024 and the lowest yearly…
Monthly Financial Market Update – June 2024
Global Macroeconomic Review United States: Inflation in the US showed stability, easing to 3.30% y/y in May from 3.40% y/y in April, which aligned with market expectations. Similarly, the US inflation on a month-on-month basis eased to 0.20% m/m in May…
Monthly Financial Market Update – May 2024
Global Macroeconomic Review United States: May was ushered in with the third Federal Open Market Committee meeting for 2024 on April 30th and May 1st. At the meeting, the policymakers kept the interest rate at 5.50%, marking the sixth consecutive time…
Monthly Financial Market Update – April 2024
Global Macroeconomic Review United States: The hope for stability in the prices of goods and services continued to wane as the recent inflation data reignited concerns around sticky inflation, uncertainty in the Fed’s policy directions, and overall…
Monthly Financial Market Update – March 2024
Global Macroeconomic Review United States: In February, consumer prices in the United States surpassed expectations, rising to 3.20% year-on-year (Est. 3.10%) from 3.10% in January 2024. Core CPI, which excludes food and energy prices, increased by 0.40%…
Monthly Financial Market Update – February 2024
Global Macroeconomic Review The common conversation among major economies in February was geared towards interest rate cut and relatively steady consumer prices. However, economic performance have so far been mixed across the region. In the United…
Monthly Financial Market Update – January 2024
Global Macroeconomic Review The recent global economic outlook by the International Monetary Fund (IMF) forecasted the global economic growth rate at 3.10% y/y for 2024, which was an upward revision from 2.90% estimated in October 2023. Also, the…
Monthly Financial Market Update – November 2023
Global Macroeconomic Review The global market witnessed some optimism in November, as the MSCI All Country World Index appreciated by 9.07% after three consecutive months of decline. Precisely, the S&P 500 (+8.92%), NASDAQ composite (+10.70%), FTSE…
Monthly Financial Market Update – October 2023
Global Macroeconomic Review In the latest World Economic Outlook, the International Monetary Fund (IMF) expects the global economy to grow at a slower pace due to the impact of the aggressive rate tightening by central banks. The IMF forecasted 3.00% in…
