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Dear reader, welcome to the latest GoldRepublic newsletter! In just five minutes, we will bring you fully up to date with the current precious metal rates and the most relevant news that affects your investment in precious metals. Don't miss out on these valuable insights!
Inflation in the US was not too bad. Overall inflation fell from 2.7% to 2.4% and core inflation, excluding energy and food, from 2.6% to 2.5%. This is remarkable, because January is traditionally a month in which companies raise their prices.
The figures dampened concerns about a new wave of inflation and immediately brought relief to the markets. The expectation that the Federal Reserve will resume the interest may decrease increased, stocks rose and interest rate expectations fell.
Nevertheless, caution is advised. The growth of the US money supply is accelerating again. Historically, stronger money growth often preempts rising inflation. So the coming months will be crucial: does this report confirm a structural decline, or is it a temporary breather?
Inflation is also cooling in the UK. Consumer prices rose by 3% in January, up from 3.4% a month earlier. This means that the Bank of England on track for a rate cut this spring.
But the picture is not clear. Core inflation came in at 3.1%, higher than expected, and services inflation remained firm at 4.4%. At the same time, unemployment rises to 5.2%.
The combination of rising unemployment and declining wage growth increases the chance of a rate cut. At the same time, persistent price pressure and relatively high service inflation are keeping the Bank of England hawks on their toes.
Confidence among German investors fell unexpectedly in February. The expectations index of ZEW Institute fell slightly, while a clear increase was just foreseen.
Although the German economy is technically in recovery mode, it remains fragile. Structural challenges, especially in industry and private investments, still weigh on growth potential.
There is hope that hundreds of billions in infrastructure and defense spending will boost the economy. But with growth of just 0.2% last year, Chancellor Friedrich Merz rightly called the pace “insufficient.” Germany is growing again, but it is far from convincing.
Discover at a glance what falling inflation in the US and the UK, the fragile recovery in Germany and new tax developments mean for your wealth. This update gives you clear insight and direction into a rapidly changing market.
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