U.S. non-farm payroll numbers came in well below forecast on Friday but may not have tolled the death knell on a September date for the first Federal Reserve rate hike in almost a decade.
Brazil’s monthly inflation rate eased below 1 percent for the first time this year in April and inflation expectations for 2016 have dropped for the first time in two and a half months.
The rapid erosion of Brazil’s job market is taking most economists by surprise, an analysis of Reuters Polls data shows, in a worrying sign that already-grim expectations for Latin America’s largest economy have not been pessimistic enough.
The evidence clearly shows that the U.S. job market now is consistently beating rising expectations, which should give pause to those doubting an interest rate rise is coming from the Federal Reserve later this year.
On the face of it, the good news for the British government keeps on coming. Britain’s economy grew surprisingly fast last year and inflation fell below the Bank of England’s target for the first time in over four years in January. The government this month even got a nod from the International Monetary Fund which only last year criticized its austerity programme.
It’s euro zone third quarter GDP day and Germany and France are already out of the traps with the latter’s economy contracting by 0.1 percent, snuffing out a 0.5 percent rebound in the second quarter. Growth of 0.1 percent was forecast, not just by bank economists but by the Bank of France too.