The CPI report Wednesday is expected to show that progress on inflation has hit a wall
A key economic report coming Wednesday is expected to show that progress has stalled in bringing down the inflation rate,…
Category: Economy
Annual inflation rate hit 2.6% in October, meeting expectations
In October, inflation increased in line with Wall Street expectations, as reported by the Bureau of Labor Statistics on Wednesday.…
September consumer confidence falls the most in three years
Consumers’ perception of the economy took a significant hit in September, experiencing the largest decline in over three years due…
IMF warns on China’s property market worsening as it cuts country’s growth outlook
The International Monetary Fund (IMF) has expressed concerns about a potential deterioration in China’s property market while revising its growth…
The Federal Reserve may have pretty much just hit its 2% inflation target
This week’s inflation data suggests that the Federal Reserve is approaching its target, following a recent significant interest rate cut…
Ray Dalio concerned about America postelection: ‘Both candidates worry me’
A postelection America concerns U.S. billionaire Ray Dalio, who has repeatedly called for reforms in a political environment filled with…
The Fed has set out on a ‘recalibration’ of policy. Here’s what Powell’s new buzzword means
Federal Reserve Chair Jerome Powell has introduced a new term to describe monetary policy, calling it a “recalibration” of policy…
Budget deficit rose in December and is now 40% higher than it was a year ago
The federal budget deficit worsened in December, resulting in a first fiscal quarter deficit that was almost 40% higher than…
Europe inflation may spike on Olympics and Taylor Swift, but UBS says it won’t hit locals’ wallets
The Olympic Games are causing a surge in prices, but French consumers aren’t likely to feel its pinch. Mega events…