UK Inflation: The UK’s inflation rate decreased to 2.8%, with significant drops in food and non-alcoholic beverage prices (Office for National Statistics) (Deloitte United States).
US GDP Growth: The US GDP grew at an annual rate of 1.4% in Q1 2024, driven by consumer spending, housing investment, and business investment (BEA) (BEA).
Japan Economic Policy: The Bank of Japan (BOJ) ended its yield curve control policy but faces uncertainty regarding further tightening amid a weakening economy and a declining yen (Deloitte United States).
Eurozone Inflation: Eurozone inflation remains stable, but service sector prices continue to rise, presenting ongoing challenges (Deloitte United States).
US Job Market: The US added 303,000 jobs in March 2024, maintaining an unemployment rate below 4% (U.S. Department of Commerce).
US Consumer Price Index: The US consumer price index showed stabilization, with a slowdown in food and energy price increases (BLS).
International Trade: The US trade deficit widened to $237.6 billion in Q1 2024, up from $221.8 billion in Q4 2023 (BEA).
UK Household Income: UK household income and expenditure increased, but low-income families still face significant challenges (The Independent) (Office for National Statistics).
Global Economic Outlook: The OECD predicts global economic growth of 3.1% in 2024 and 3.2% in 2025 (OECD).
US Retail Sales: US retail sales saw a modest increase in May, indicating a potential slowdown in consumer spending (Deloitte United States).
Bank of England Policy: The Bank of England is considering further interest rate hikes to meet inflation targets (Deloitte United States).
US International Investment Position: The US net international investment position worsened to -$21.28 trillion at the end of Q1 2024 (BEA).
US Housing Market: The US housing market is showing signs of recovery with increased investment (BEA).
Energy Prices: Global energy prices stabilized, although some regions continue to experience high prices (BLS).
Chinese Economy: China’s economy remains robust, supported by increased domestic demand and trade growth (Deloitte United States).
European Economy: Europe sees steady economic growth, driven by the recovery in the service sector (Deloitte United States).
Global Commodity Market: Commodity prices are volatile due to increased global demand and supply chain issues (Deloitte United States).
Brazilian Economy: Brazil’s economy shows strong growth in agriculture and mining sectors (Deloitte United States).
US Corporate Profits: US corporate profits have increased, though some industries are still facing challenges (BEA).
Fintech Industry: The global fintech industry is rapidly expanding due to technological advancements (Deloitte United States).