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Five states are offering tax exemptions on back-to-school items to help parents this WEEK – is yours on the list?

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Several States Have Or Are Introducing Sales Tax Exemptions On Some Back-To-School Items To Ease The Financial Pressure On Families In The Face Of Rising Inflation

As inflation continues to soar and the Federal Reserve poised to raise interest rates again, Americans will be hard pressed to keep up with prices.

Families with children are feeling the price pressure acutely, but now, starting today, five states are offering tax exemptions on back-to-school items to ease the burden.

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Several states have or are introducing sales tax exemptions on some back-to-school items to ease the financial pressure on families in the face of rising inflationPhoto credit: Getty

According to the National Retail Federation (NRF), families with children in elementary and high school expect to spend $864 on back-to-school this year.

That’s an increase of $697 from pre-pandemic levels in 2019 for supplies like clothing, electronics and backpacks. That’s a 24% increase per NRF.

College students will spend more — about $1,199 — just a dollar less than last year’s record.

Thankfully, five states understand the hardship many families are feeling right now and are introducing tax breaks starting today through the end of August so children can get the care they need.

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Here is a list of states that are reducing the financial burden associated with inflation:

1. Florida – July 25 – August 7

Beginning today and for the next two weeks, Floridians avoid the 6% sales tax on personal computers costing up to $1,500.

You’ll also save on clothing items costing up to $100 and some supplies costing up to $50.

If you order online within the two-week window, your items are tax-exempt.

2. Tennessee – July 29-31

In Tennessee, you must act quickly to take advantage of the vacation.

The 7% sales tax exemption begins Friday, July 29 and lasts just three days.

Exceptions apply to purchases of clothing and school supplies of $100 or less per item and computers costing $1,500 or less each.

3. Mississippi – 29th-30th July

In Mississippi, the sales tax exemption lasts just two days — July 29-30.

Shoes, clothing, and school supplies costing $100 or less are exempt from the regular 7% tax.

Those who cross the threshold are taxed at the regular tax rate.

4. Connecticut – 21st-26th August

Later than several other states, Connecticut’s exemptions apply to clothing and footwear priced at $100 or less per item.

In addition, wigs for medically diagnosed total or permanent hair loss are exempt from sales tax at a rate of 6.35%.

5th Ohio – 5th-7th August

In Ohio, exceptions apply to clothing priced at $75 or less each and school supplies priced at $20 or less each.

School supplies priced at $20 or less are also exempt from regular 5.75% sales tax.

Several other states, including Arkansas, Illinois, and Maryland, are temporarily suspending sales tax on qualifying items in August.

Larger states, including New York and California, have not announced similar grace periods.

“Families see back-to-school and college items as an essential category, and they’re taking every step possible to buy what they need for the upcoming school year,” said NRF President and CEO Matthew Shay.

Other states with back-to-school tax holidays

12 other states in the country also offer back-to-school tax holidays.

Below are the states and the dates when their vacation takes place according to that Association of Tax Administrators:

  • Arkansas – 6th-7th August
  • Connecticut – August 21-26
  • Illinois – August 5-14
  • Iowa – 5th-6th August
  • Maryland – August 14-20
  • Massachusetts – 13th-14th August
  • Missouri – August 5-7
  • New Mexico – August 5-7
  • Oklahoma – August 5-7
  • South Carolina – August 5-7
  • Texas – August 5-7
  • Virginia – August 5-7
  • West Virginia – August 5-8
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Learn about 11 states with their own child tax credits to help families financially.

And states are offering $1,000 in direct child tax payments.

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Five states are offering tax exemptions on back-to-school items to help parents this WEEK – is yours on the list?

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Chicago White Sox spend 3 games above .500 for first time since April 17 after sweeping Detroit Tigers – The Denver Post

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Chicago White Sox Spend 3 Games Above .500 For First Time Since April 17 After Sweeping Detroit Tigers – The Denver Post

The Chicago White Sox were in third place in American League Central when they started a 19-game streak against teams under .500 on July 26 in Colorado.

The Sox trailed the then-division leaders Minnesota Twins by four games and were 48-48.

The string ended on Sunday, and although they didn’t take full advantage of the tear, the Sox are tied for second in Central with the Twins – 2½ games behind the first-place Cleveland Guardians – after having defeated the Detroit Tigers 5-3 in front of 32,154 at Guaranteed Rate Field.

The Sox completed a three-game sweep over the Tigers and are three games above .500 (59-56) for the first time since going 6-3 on April 17.

“It was a good sweep for us,” Sox starter Lance Lynn said. “We’ve got to start winning games, we’ve got to start winning playoffs, and then we can sweep the team, especially with the (Houston Astros) team coming in. Hopefully we can keep riding high .

“We have a good team coming in this week, so we have to keep playing good baseball.”

The Sox went 11-8 against the Colorado Rockies (1-1), Oakland Athletics (2-1), Kansas City Royals (3-4), Texas Rangers (2-2) and Tigers (3-0). With Sunday’s win, the Sox swept a home streak for the first time this season.

“We got results for our efforts,” Sox manager Tony La Russa said of the series. “There are times when it’s frustrating because the ball was hit hard, but we hung on. We’re sticking to it very well. Hopefully we’ll be rewarded.

There were a few injury-related hurdles during the 19-game streak. The Sox lost shortstop Tim Anderson for about six weeks with a sagittal tape tear on his left middle finger and played the last two games of the Tigers series without center fielder Luis Robert, who left Friday’s game. with a sprained left wrist.

“He’s improved,” La Russa said of Robert. “And we just have to wait until Monday to see. He feels better. He did more work with it. If not (Monday), it should be shortly after.

AJ Pollock, slotted into the top spot with Anderson out and playing center field with Robert sidelined, started the offense with a solo homer in the third to cut the deficit to 2-1.

“You look at his credentials,” La Russa said of Pollock. “He’s a quality big league hitter and defenseman. He saw the need when Tim was gone. If he were to hit second, third or fourth, he would do that too.

Pollock doubled in the lead of the fifth and scored the equalizer on a brace from Eloy Jiménez. José Abreu singled out, giving the Sox runners into the turns with one out.

Tigers starter Tyler Alexander appeared to come out of the inning when Andrew Vaughn hit an undershot grounder. Vaughn threw away his helmet after crossing first base, thinking the Tigers had completed a late-inning double play.

“I was running as fast as I could,” Vaughn said. “I was just trying to beat him and I didn’t think I did.”

But Kody Clemens didn’t hold Willi Castro’s pitch first. Jiménez scored on the play, putting the Sox ahead 3-2.

Vaughn added a solo home run as part of a two-run eighth.

Along with the timely offense, the Sox got solid pitching from Lynn, Jimmy Lambert, Jake Diekman and Kendall Graveman.

Lynn allowed two runs on five hits with seven strikeouts in six innings.

“We won the match, so that’s all that matters,” he said.

He kept his focus on the attack.

“The offense continues to do its thing,” Lynn said. “Starting to put some things together, especially with runners in scoring position, and getting that big hit. It’s part of the concert. We just have to keep going and hopefully make a run at it.

“We have a tough opponent this week. It’s a playoff team and we just have to go out there and keep putting on quality sticks and making quality pitches and see what happens.

Vaughn referred to starting pitcher Johnny Cueto “we have to show the fire we have – if we have it,” Kansas City said Wednesday while assessing the weekend for the Sox.

“Johnny said it best: ‘I want more fire,’” Vaughn said. “We had a fire. It was good.”

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Japan rebounds in economic growth as coronavirus fears fade

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TOKYO — The restaurants are full. Shopping centers are teeming. People travel. And Japan’s economy has started to grow again as consumers, weary of more than two years of the pandemic, have moved away from the precautions that have kept coronavirus infections among the lowest levels of any wealthy country.

Lockdowns in China, soaring inflation and brutally high energy prices failed to curb Japan’s economic expansion as domestic consumption of goods and services soared in the second quarter of the year. The country’s economy, the third-largest after the United States and China, grew at an annualized rate of 2.2% during that period, government data showed Monday.

The second quarter result follows 0% growth – revised from an initial reading of a 1% decline – in the first three months of the year, when consumers retreated to their homes in the face of the rapid spread of the Omicron variant.

After that first Omicron wave dried up, domestic shoppers and travelers returned to the streets. The number of cases then quickly returned to record highs for Japan, but this time the public – highly vaccinated and tired of restraint – reacted with less fear, said Izumi Devalier, head of Japan’s economy at Bank of America.

“After the Omicron wave ended, we had a really nice increase in mobility, a lot of catch-up spending in categories like dining and travel,” she said.

The new growth report indicates that the Japanese economy could finally get back on track after more than two years of yo-yoing between growth and contraction. Yet the country remains an economic “lag” compared to other wealthy countries, Ms Devalier said, adding that consumers, especially the elderly, “are still sensitive to the risks of Covid”.

As this sensitivity has slowly diminished over time, she said, “we’ve had this very gradual recovery and normalization since Covid.”

The second-quarter growth came despite headwinds, especially for Japan’s small and medium-sized businesses. Covid lockdowns in China have made it difficult for retailers to stock in-demand products like air conditioners, and for manufacturers to source some critical components for their products.

A weak yen and higher inflation also weighed on businesses. Over the past year, the Japanese currency has lost more than 20% of its value against the dollar. While this has been good for exporters – whose products have become cheaper for overseas customers – it has driven up the prices of imports, which have already become more expensive due to shortages and supply chain disruptions. caused by the pandemic and Russia’s war in Ukraine.

While inflation in Japan – at around 2% in June – is still well below that of many other countries, it has forced some companies to raise prices dramatically for the first time in years, which could dampen demand. consumers accustomed to paying the same amounts year after year.

Japan faces other challenges, both at home and abroad. Small and medium-sized businesses in particular are likely to struggle as pandemic subsidies come to an end and foot traffic to their businesses remains below pre-pandemic levels.

Additionally, geopolitical tensions are creating greater uncertainty for Japan’s key industries. Friction between the United States and China over President Nancy Pelosi’s visit to Taiwan this month has raised concerns among Japanese policymakers about possible trade disruptions. Taiwan is Japan’s fourth-largest trading partner and a key producer of semiconductors, essential components for Japan’s major automotive and electronics industries.

As for Japan’s overall economic outlook, “in the short term the momentum is quite good, but beyond that we’re actually quite cautious,” Devalier said.

At home, she expects consumption to slow as people adjust to the new normal of living with the pandemic and their enthusiasm to spend wanes. Wage growth, which has been stagnant for years, is below inflation, which should affect spending. And, she said, “for manufacturing and exports, we expect slower momentum reflecting the fact that we expect weaker global growth.”

Even under ideal conditions, Japan’s domestic consumption is at least a year away from returning to pre-pandemic levels, said Shinichiro Kobayashi, senior economist at Mitsubishi UFJ Research and Consulting.

“Next year we should be in a situation where there is no need to worry about Covid infections and there are no restrictions on economic activity,” he said.

By then, he said, Japan will most likely have eased restrictions on tourism and business travel from overseas, which has further weighed on its economic performance.

But with Omicron cases continuing to rise, a full return to normal life this year is “impossible”, he said.

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Erik ten Hag orders Manchester United stars to undergo extra training after Brentford humiliation as ex-Chelsea star admits he mocked Christian Eriksen’s decision

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Erik Ten Hag Orders Manchester United Stars To Undergo Extra Training After Brentford Humiliation As Ex-Chelsea Star Admits He Mocked Christian Eriksen'S Decision

Manchester United players had their day off canceled by Erik ten Hag following a humiliating loss to Brentford.

The Dutchman was furious with his side’s performance in the 4-0 loss which left the Red Devils bottom of the Premier League table after two games.

AFP

Ten Hag called his players for extra training

It was a nerve-wracking experience for the Man United players, who reportedly felt the ex-Ajax boss’ wrath in the dressing room at half-time in the defeat.

Ten Hag and scores of stars including Cristiano Ronaldo, David de Gea, Marcus Rashford, Jadon Sancho and Bruno Fernandes have been criticized for the result as a former top club’s decline continues.

But, in an attempt to immediately right the wrongs of Saturday night, their new manager halted plans for a Sunday off and called in his stars for extra practice, according to the Times.

Although the club would have returned to Manchester late last night, Ten Hag was back in his office early this morning before his players arrived.

But former Premier League striker Tony Cascarino believes Ten Hag’s decision to change his goal kicking style during the Brentford game was inane.

He told the Weekend Sports Breakfast: “I get frustrated when I hear about a certain style of play because if the team you’re playing against is good at stopping you, don’t try to stop it.

No Man United Player Came Out Of The Game Well And Their Day Off Was Canceled

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No Man United player came out of the game well and their day off was canceled


“Man City can do it and Liverpool can do it, because their players are much more capable. Alisson sometimes, with me as a Liverpool fan, my heart is in my hands thinking, ‘wow, what the hell? what are you trying to do there?’

“But there are very few teams in the world that can play that way and get away with it. Barcelona could and have done for years, the Real Madrid midfielder can have the ball in almost any position because they are all so experienced and so good with the ball.

“The counter-argument to that, if you’re supposed to do that, and that’s the idea, you just keep doing it, well, why in the second half did they throw the long ball almost every time.

“If you’re supposed to play this way, why did you take a different attitude in the second half? If you’re supposed to play that way, you stick with that idea, but they can’t, they’ll be beaten badly every week if that’s the case.

Not only that, Cascarino revealed he was laughing at a role switch for summer signing Christian Eriksen.

Eriksen Played Different Roles In His Two Games For Man United

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Eriksen played different roles in his two games for Man United

The Dane, who arrived on a free transfer after six months with United winners Brentford, played a false nine role in the opening weekend defeat to Brighton before playing as a deep midfielder against his former club.

Eriksen then erred for the second goal as part of his goal kick tactic.

And Cascarino, when asked what he thought of the role change, replied: “Well, I laughed.

“He went from centre-forward last week to starting midfield this week. He’s the coach for me.

Eriksen Made A Mistake In The Build-Up To Brentford's Second Goal

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Eriksen made a mistake in the build-up to Brentford’s second goal

“I watched Eriksen for 10 years, I saw him against the Republic of Ireland in an international match and he ruined us.

“I watched him for Brentford, Tottenham and other clubs and thought ‘what is his best position?’ It’s like a midfielder who takes the ball and he’s always looking for space.

“You can sometimes play him deeper because he can pick up the ball and use it, but I prefer him to create and shake things up in the forward areas.”

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Countries urge Russia to withdraw troops from Ukraine nuclear power plant

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Countries Urge Russia To Withdraw Troops From Ukraine Nuclear Power Plant

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Dozens of countries, including the United States, Japan, the United Kingdom and Turkey, called on Russia to withdraw its troops from Ukraine’s nuclear power plant in Zaporizhzhia and surrounding areas in a joint statement on Sunday.

“We urge the Russian Federation to immediately withdraw its military forces and all other [unauthorized] personnel of the Zaporizhzhia nuclear power plant, its immediate surroundings and all of Ukraine so that the operator and the Ukrainian authorities can resume their sovereign responsibilities,” the countries said.

Ukraine and Russia have each pointed to the bombing of the facility, which is Europe’s largest nuclear power plant.

FILE PHOTO: Six power units generate 40-42 billion kWh of electricity, making the Zaporizhzhia nuclear power plant the largest nuclear power plant not only in Ukraine but also in Europe, Enerhodar, Zaporizhzhia region, in the south -eastern Ukraine.
(Photo credit should read Dmytro Smolyenko/Future Publishing via Getty Images)

Communication lines, radiation monitoring sensors, a nitrogen-oxygen station and other parts of the plant have been damaged by explosions in recent days.

RUSSIAN OFFICIALS INSIST ‘ACCIDENTAL’ AIR BASE EXPLOSIONS, SATELLITE IMAGES SHOW NEARLY IDENTICAL CRATER

Ukrainian President Volodymyr Zelenskyy accused Russia of “trying to intimidate people in an extremely cynical way”.

“Every Russian soldier who either shoots at the factory, or shoots using the factory as a cover, must understand that he becomes a special target for our intelligence agents, for our special services, for our army,” he said. he said Saturday night. He called the tactic “nuclear blackmail”.

Mykhailo Podolyak, an adviser to Zelenskyy, said Russian forces were targeting the part of the plant “where the energy supply [the] southern Ukraine is stored.

A Russian Serviceman Stands Guard In The Territory Outside The Second Reactor Of The Zaporizhzhia Nuclear Power Plant In Energodar On May 1, 2022.

A Russian serviceman stands guard in the territory outside the second reactor of the Zaporizhzhia nuclear power plant in Energodar on May 1, 2022.
(ANDREI BORODULINE/AFP via Getty Images)

Ukrainian nuclear company Energoatom said on Sunday that a plant worker was killed by Russian bombing near his home in Enerhodar.

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Russian forces have controlled the plant since early March, but Ukrainian personnel continued operations, according to the International Atomic Energy Agency.

“Any military action that jeopardizes nuclear safety, nuclear security, must cease immediately,” IAEA Director General Rafael Mariano Grossi said this week. “These military actions in the vicinity of such an important nuclear facility could have very serious consequences.”

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Chicago White Sox move 3 games over .500 for the 1st time since April 17 after sweeping the Detroit Tigers

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Chicago White Sox Move 3 Games Over .500 For The 1St Time Since April 17 After Sweeping The Detroit Tigers

The Chicago White Sox were in third place in the American League Central when they began a stretch of 19 straight games against sub-.500 teams July 26 in Colorado.

The Sox trailed the division leaders, at that time the Minnesota Twins, by four games and were 48-48.

The string wrapped up Sunday, and while they didn’t take full advantage by going on a tear, the Sox are tied for second in the Central with the Twins — 2½ games behind the first-place Cleveland Guardians — after defeating the Detroit Tigers 5-3 in front of 32,154 at Guaranteed Rate Field.

The Sox completed a three-game sweep of the Tigers and are three games over .500 (59-56) for the first time since they were 6-3 on April 17.

“It was a good sweep for us,” Sox starter Lance Lynn said. “We have to start winning games, we have to start winning series and then we can sweep the team, especially with the team coming in (the Houston Astros). Hopefully we can keep riding high.

“We have a good team coming in this week, so we have to keep playing good baseball.”

The Sox went 11-8 against the Colorado Rockies (1-1), Oakland Athletics (2-1), Kansas City Royals (3-4), Texas Rangers (2-2) and Tigers (3-0). With Sunday’s win, the Sox swept a home series for the first time this season.

“We got results for our effort,” Sox manager Tony La Russa said of the series. “There are times it’s been frustrating because the ball has been hit hard, but we hung with it. We hang with it very well. Hopefully we get rewarded.”

There were some injury hurdles during the 19-game stretch. The Sox lost shortstop Tim Anderson for about six weeks with a sagittal band tear on his left middle finger and played the final two games of the Tigers series without center fielder Luis Robert, who left Friday’s game with a sprained left wrist.

“He’s improved,” La Russa said of Robert. “And we just have to wait until Monday to see. He feels better. He did more work with it. If it’s not (Monday), it should be soon after.”

AJ Pollock, inserted in the leadoff spot with Anderson out and playing center field with Robert sidelined, got the offense rolling with a solo homer in the third to cut a deficit to 2-1.

“You look at his credentials,” La Russa said of Pollock. “He’s a quality big-league hitter and big-league defender. He saw the need when Tim was missing. If he had to hit second, third or fourth, he’d do that too.”

Pollock doubled leading off the fifth and scored the tying run on a double by Eloy Jiménez. José Abreu singled, giving the Sox runners on the corners with one out.

Tigers starter Tyler Alexander appeared to get out of the inning when Andrew Vaughn hit a grounder to short. Vaughn tossed his helmet after crossing first base, thinking the Tigers completed an inning-ending double play.

“I was running as fast as I could,” Vaughn said. “Just trying to beat it out and didn’t think I did.”

But Kody Clemens didn’t hold on to Willi Castro’s throw to first. Jiménez scored on the play, putting the Sox ahead 3-2.

Vaughn added a solo home run as part of a two-run eighth.

In addition to the timely offense, the Sox got solid pitching from Lynn, Jimmy Lambert, Jake Diekman and Kendall Graveman.

Lynn allowed two runs on five hits with seven strikeouts in six innings.

“We won the game, so that’s all that matters,” he said.

He kept the focus on the offense.

“Offense keeps doing their thing,” Lynn said. “Starting to put some things together, especially with runners in scoring position, and getting that big hit. It’s part of the gig. We just have to keep going and hopefully make a run at this.

“We have a tough opponent this week. They are a playoff team and we just have to go in and keep putting quality at-bats and make quality pitches and see what happens.”

Vaughn referenced starting pitcher Johnny Cueto’s “we need to show the fire that we have — if we have any,” statement Wednesday in Kansas City while assessing the weekend for the Sox.

“Johnny said it best: ‘I want some more fire,’” Vaughn said. “We got some fire. It was good.”

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Japan Q2 GDP 0.5% q/q (expected 0.7%)

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Japan Q2 Gdp 0.5% Q/Q (Expected 0.7%)

Japan’s economic growth data from April to June 2022.

This ForexLive Snapshot economic data

Economic data

Economic data usually comes in the form of daily press releases. This information is extremely valuable for retail and institutional traders, given the influence of this data on exchange rates. Most major economic events published are reported by sovereign governments around the world. Moreover, several economic data points are released by private organizations which can also move the market. Overall, when new information becomes available, the value of a currency pair changes to reflect a new equilibrium potentially created by traders. This information that changes the value of a currency pair can ultimately take many forms, with economic indicators or data being the primary drivers. Why Economic Data Matters in Forex Economic data is an important barometer that investors can use to measure the performance of an economy. This in turn can influence exchange rates. For example, the stronger the economic data, the more growth is likely to increase in the country, causing a currency to strengthen. If the gross domestic product (GDP) growth in the United States is high, it will help drive up the US dollar. The reverse is also true. Generally, weaker economic data can predict slower growth. The attempt of traders, when trading economic data, is to gauge how economic indicators are perceived against expectations. Before almost every economic release, the market typically assesses the median expectation reflected by analysts and economists. These known variables are simply expectations, and the unknown is the actual version. Since currency pairs can move significantly based on new data, traders always try to anticipate where the actual numbers will arrive when they come out. Changes to economic data will also filter out potential interest rate changes by a central bank. Overall, economic announcements from the United States and the Eurozone are highly watched as they will influence the perceptions of market participants who help guide interest rates and other monetary policies of the Federal Reserve or the European Central Bank (ECB) respectively.

Economic data usually comes in the form of daily press releases. This information is extremely valuable for retail and institutional traders, given the influence of this data on exchange rates. Most major economic events published are reported by sovereign governments around the world. Moreover, several economic data points are released by private organizations which can also move the market. Overall, when new information becomes available, the value of a currency pair changes to reflect a new equilibrium potentially created by traders. This information that changes the value of a currency pair can ultimately take many forms, with economic indicators or data being the primary drivers. Why Economic Data Matters in Forex Economic data is an important barometer that investors can use to measure the performance of an economy. This in turn can influence exchange rates. For example, the stronger the economic data, the more growth is likely to increase in the country, causing a currency to strengthen. If the gross domestic product (GDP) growth in the United States is high, it will help drive up the US dollar. The reverse is also true. Generally, weaker economic data can predict slower growth. The attempt of traders, when trading economic data, is to gauge how economic indicators are perceived against expectations. Before almost every economic release, the market typically assesses the median expectation reflected by analysts and economists. These known variables are simply expectations, and the unknown is the actual version. Since currency pairs can move significantly based on new data, traders always try to anticipate where the actual numbers will arrive when they come out. Changes to economic data will also filter out potential interest rate changes by a central bank. Overall, economic announcements from the United States and the Eurozone are highly watched as they will influence the perceptions of market participants who help guide interest rates and other monetary policies of the Federal Reserve or the European Central Bank (ECB) respectively.
Read this term calendar, access it here.

The times in the leftmost column are GMT.

The numbers in the rightmost column are the “previous” result (previous month/quarter, as applicable). The number in the column next to that, where is a number, is the expected consensus median.

The real one is in the box drawn on the photo.

Note that the deflator is a inflation

Inflation

Inflation is defined as a quantitative measure of the rate at which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general price level where a given currency is effectively buying less than it has in previous periods. In terms of valuation of strength or currencies, and by extension foreign currencies, inflation or its measures are extremely influential. Inflation stems from the global creation of money. This money is measured by the level of the total money supply of a specific currency, for example the US dollar, which is constantly increasing. However, an increase in the money supply does not necessarily mean that there is inflation. What leads to inflation is a faster increase in the money supply relative to the wealth produced (measured with GDP). This thus generates pressure from demand on a supply that is not increasing at the same rate. The consumer price index then increases, generating inflation. How Does Inflation Affect Forex? The level of inflation has a direct impact on the exchange rate between two currencies on several levels. This includes purchasing power parity, which attempts to compare the different purchasing power of each country according to the general level of prices. By doing so, it helps to determine the country with the most expensive cost of living. The currency with the higher inflation rate consequently loses value and depreciates, while the currency with the lower inflation rate appreciates in the forex market. Interest rates are also impacted. Inflation rates that are too high push interest rates up, which has the effect of depreciating the currency on the exchange. Conversely, too low inflation (or deflation) pushes interest rates down, which has the effect of appreciating the currency on the foreign exchange market.

Inflation is defined as a quantitative measure of the rate at which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general price level where a given currency is effectively buying less than it has in previous periods. In terms of valuation of strength or currencies, and by extension foreign currencies, inflation or its measures are extremely influential. Inflation stems from the global creation of money. This money is measured by the level of the total money supply of a specific currency, for example the US dollar, which is constantly increasing. However, an increase in the money supply does not necessarily mean that there is inflation. What leads to inflation is a faster increase in the money supply relative to the wealth produced (measured with GDP). This thus generates pressure from demand on a supply that is not increasing at the same rate. The consumer price index then increases, generating inflation. How Does Inflation Affect Forex? The level of inflation has a direct impact on the exchange rate between two currencies on several levels. This includes purchasing power parity, which attempts to compare the different purchasing power of each country according to the general level of prices. By doing so, it helps to determine the country with the most expensive cost of living. The currency with the higher inflation rate consequently loses value and depreciates, while the currency with the lower inflation rate appreciates in the forex market. Interest rates are also impacted. Inflation rates that are too high push interest rates up, which has the effect of depreciating the currency on the exchange. Conversely, too low inflation (or deflation) pushes interest rates down, which has the effect of appreciating the currency on the foreign exchange market.
Read this term indicator. The negative result is his 6th consecutive fall.

After:

  • GDP growth q/q for the 3rd consecutive quarter
  • business capex +1.4% q/q, strongest growth since Q1 2020
  • exports +0.9% q/q, up for the third consecutive quarter
  • component of private consumption also up for 3 consecutive quarters

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