Federal Reserve Bank of Kansas City’s Post

Consumer Discretionary Sector Has Boosted Recent Regional Services Activity as Business and Professional Activity Slows The Federal Reserve Bank of Kansas City's services survey shows that consumer discretionary activity in the Tenth District has grown recently, while business and professional activity has declined. Read more at https://lnkd.in/gmAc9ZWC

Our founder reacts to the Bank of England base rate💰👀 And, Abigail Foster, ACA has a few questions for you: Do you think it's possible to get to 2% by April? What do you think will happen in 9 weeks' time when they vote again? Does a 3 split vote make a difference to how we feel about it? ps. If you want to be the first to hear the latest finance announcements, follow @Elent_finance on Instagram 📲

Now is the time to talk about indexation with your clients. 📢 👉 In the protection industry, the tool that we have at our disposal to help prevent our clients from seeing the value of their cover getting eroded by inflation is indexation. With living costs continuing to rise, futureproofing the value of clients' protection cover has never been more important. 💰 Read more, in an article written by Nick Telfer, Head of Protection Specialists, VitalityLife. 👇 https://lnkd.in/eTuUUB6Z

This article can help break down the difference between APY and interest rates, and why it matters.

BoE 🏦 hold ‘made sense’ amid General Election-induced 🗳 'vow of silence'. Laura Suter. The decision by the Bank of England to hold interest rates for the seventh consecutive time at 5.25% was likely partially influenced by the current election campaign. Check out Cristian Angeloni's latest article 👇 https://incm.pub/4coMaAt #investing #assetmanagement #wealthmanagement #finance

The Reserve Bank of Australia has opted to keep the cash rate target steady, citing high inflation and economic uncertainty. This decision has dashed hopes for a rate cut this year. Despite this, businesses in NSW continue to grapple with a range of challenges, from sluggish consumer spending to soaring operating costs and intricate regulatory demands. We want to hear from you! What aspects of doing business demand immediate attention? Your insights will empower Business NSW to advocate on your behalf and unlock available assistance. Participate in our quick 7-minute survey to make your voice heard! Your input is invaluable in shaping policies and support mechanisms for businesses like yours. https://ow.ly/O2bR50Rz72M #BusinessCondistionsSurvey #NSWBusinesses #EconomicOutlook #BNSW

Now is the time to talk about indexation with your clients. 📢 👉 In the protection industry, the tool that we have at our disposal to help prevent our clients from seeing the value of their cover getting eroded by inflation is indexation. With living costs continuing to rise, futureproofing the value of clients' protection cover has never been more important. 💰 Read more, in an article written by Nick Telfer, Head of Protection Specialists, VitalityLife. 👇 https://lnkd.in/eTuUUB6Z

Our RBNZ preview is out. We see a hawkish hold from the RBNZ next week. Main points: - We expect the RBNZ will leave the OCR unchanged at 5.5% at its February policy meeting. - The RBNZ’s short term forward profile for the OCR is likely to be little changed and continue to suggest a chance of a further lift in the OCR perhaps at the May Monetary Policy Statement. - The longer-term OCR profile may be revised up – especially if another adjustment of the neutral OCR occurs.  - More hawkish scenarios are realistic – but we see a 25bp tightening as just a 25% probability. - Future data on non-tradables inflation, the labour market, the housing market and the Budget will be key in making the case for any further tightening – but in May, not at the current time.  We continue to expect the OCR to remain at 5.5% until early 2025. Westpac Institutional Bank Westpac New Zealand Darren Gibbs Satish Ranchhod Michael Gordon Paul Clark