Fed Daly Speech

In the United States, the authority to set interest rates is divided between the Board of Governors of the Federal Reserve (Board) and the Federal Open Market Committee (FOMC). The Board decides on changes in discount rates after recommendations submitted by one or more of the regional Federal Reserve Banks. The FOMC decides on open market operations, including the desired levels of central bank money or the desired federal funds market rate.

Passenger Vehicles Sales YoY

3.7%

Foreign Exchange Reserves

676270000000

In India, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans.

Construction Output YoY

4.2%

The production index in construction measures the evolution of output within the construction sector, including building construction and civil engineering.

Balance of Trade

-264000000

Italy consistently records trade surpluses, although soaring energy costs in 2022 inflated the price of purchases and drove the Italian economy to import more than it exports during a short period. Italy’s main exports include base metals, chemicals, transportation equipment, and pharmaceutical goods, while the main imports are machinery and energy. The largest exporting partners are France, Germany, and the United States, while the main importing partners are Germany, France, China, and OPEC nations.

FDI (YTD) YoY

-20.4%

In China, Foreign Direct Investment refers to foreign capital actually utilized, which is to the amount which has been actually used according to the agreements and contracts, including cash, materials and invisible capital such as labor service and technology which both parties agree to take as an investment.

3-Month Bill Auction

0.3468%

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Inflation Rate YoY

3.7%

In Japan, the most important categories in the consumer price index are Food (26 percent of total weight) and Housing (21 percent). Transportation and communications account for 15 percent; Culture and recreation for 9 percent; Fuel, light and water charges for 7 percent; Miscellaneous goods and services for 6 percent; and Medical care for 5 percent. Furniture and household utensils, Clothes and footwear, and Education account for the remaining 10 percent of total weight.

Core Inflation Rate YoY

3%

In Japan, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes prices of fresh food.

Inflation Rate MoM

-0.1%

Inflation Rate MoM measures month over month change in the price of goods and services.

Inflation Rate Ex-Food and Energy YoY

2.6%

In Japan, the "core core" inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes prices of fresh food and energy.

Fed Balance Sheet

6730000000000

5-Year TIPS Auction

2.121%

Baker Hughes Total Rigs Count

583

US Total Rigs refer to the number of active US rigs drilling in a given week.

Baker Hughes Oil Rig Count

480

US Crude Oil Rigs refer to the number of active US rigs drilling for oil in a given week.

30-Year Mortgage Rate

6.62%

The Primary Mortgage Market Survey (PMMS) is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20 percent down and have excellent credit. Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. The interest rate a lender would charge to lend mortgage money to a qualified borrower exclusive of the fees and points required by the lender. This commitment rate applies only to conventional financing on conforming mortgages with loan-to-value rates of 80 percent or less.

15-Year Mortgage Rate

5.82%