In the July and August period, several states hold sales tax holidays on back-to-school items like clothing, office supplies, and personal electronics. Although state governments aren't fond of losing tax revenues, businesses like to take [...]
Edited by Simisola Fagbola, Econoday EconomistThe EconomyInflationCanada's Consumer Price Index was up 0.6 percent in May from April, coming in at the high end of expectations in an Econoday survey of forecasters that had centered [...]
Edited by Simisola Fagbola, Econoday EconomistThe EconomyMonetary policyAll of the key decisions and assessments by the Bank of Japan board were widely expected:--The BOJ nine-member board voted unanimously to maintain the target for the overnight [...]
Edited by Simisola Fagbola, Econoday EconomistThe EconomyInflationChina's headline producer price index fell 3.3 percent on the year in May, weakening further from the 2.7 percent decline recorded in April. Headline PPI inflation has been in [...]
Edited by Simisola Fagbola, Econoday EconomistThe EconomyMonetary policyAs expected, the European Central Bank cut its main policy rates by 25 basis points, indicating that it's satisfied with the current level of inflation which is around [...]
Edited by Simisola Fagbola, Econoday EconomistThe EconomyInflationGermany's inflation rate in May 2025 shows signs of moderation, with the consumer price index rising by 2.1 percent year-over-year, in line with the consensus, which suggests relative price [...]
Edited by Simisola Fagbola, Econoday EconomistThe EconomyMonetary policyThe Reserve Bank of Australia lowered its main policy rate, the cash rate, by 25 basis points from 4.10 percent to 3.85 percent at its meeting today, in [...]
Edited by Simisola Fagbola, Econoday EconomistThe EconomyInflationThe US Consumer Price Index in April rebounded by 0.2 percent, following a 0.1 percent decline in March, and a 0.2 percent jump in February. This compares to expectations [...]
Edited by Simisola Fagbola, Econoday EconomistThe EconomyMonetary policyAs expected, the US FOMC left the fed funds target rate range at 4.25 to 4.50 percent at the end of the May 6-7 meeting. The post-meeting statement [...]
Edited by Simisola Fagbola, Econoday EconomistThe Economy Monetary policy The Bank of Japan's nine-member board voted unanimously to maintain the target for overnight interest rate at 0.5%, as widely expected, amid high uncertainty over global [...]
