The Bank of Japan will continue to raise policy rates if the economy and prices move as expected.
The Bank of Japan raised its target interest rate by 25 basis points to 0.50 per cent from 0.25 per cent as expected, the biggest increase since 2007 and the highest since October 2008. The BoJ has raised rates three times in less than 12 months since it restarted in March last year.
The UK's Gfk Consumer Confidence Index in January was -22, expectations were -18, and the previous value was -17.
President Trump: The Federal Reserve is expected to listen to my views on interest rates, and I will consider communicating with Federal Reserve Chairperson Jerome Powell on interest rates.
President Trump has said that in order for artificial intelligence to reach the scale we want, the United States needs to double its current energy supply. The energy emergency declaration is to speed up the U.S. regulatory approval process. We will allow very fast construction of energy plants that can run on any fuel they need.
The preliminary value of the Eurozone Consumer Confidence Index in January was -14.2, expectations were -14.2, and the previous value was -14.5.
The Philadelphia Federal Reserve Manufacturing Index in January was 44.3, with expectations of -5. The previous value was revised from -16.4 to -10.9.
The Bank of Korea unexpectedly kept interest rates unchanged at 3%, and market expectations fell to 2.75%.
The Bank of Korea unexpectedly kept interest rates unchanged at 3%, while market expectations fell to 2.75%. (Kim Ten)
Slowing inflation in the United States pushed up expectations of interest rate cuts, and the three major U.S. stock indexes collectively rose. The Nasdaq rose 2.45%, the S & P 500 rose 1.83%, and the Dow rose 1.65%. Large technology stocks collectively rose, Tesla rose more than 8%, Meta, Nvidia, Google rose more than 3%, and Microsoft, Netflix, and Amazon rose more than 2%.
On January 16, the Federal Reserve Beige Book said that most Federal Reserve districts reported strong holiday sales during the reporting period, which exceeded expectations. Auto sales rose to some extent. Construction activity generally declined. Manufacturing overall fell slightly, and some reserve districts reported that manufacturers were stockpiling inventory in anticipation of tariff increases. Activity in the residential real estate market was flat overall, with high lending rates contin...
The UK retail price index in December was 0.3% monthly, expected to be 0.7%, and the previous value was 0.10%.
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The New York Fed's one-year inflation forecast in December was 3%, compared with 2.97% previously. The expected three-year inflation rate in the United States was 3% in December, compared with 2.6% previously. The expected five-year inflation rate in the United States was 2.7% in December, compared with 2.9% previously.