Euro zone growth hits two-year high of 0.4%, beating expectations
The euro zone economy expanded by 0.4% in the third quarter, according to preliminary data released by the European Union’s…
Category: Economy
Household finance outlook hits highest level since February 2020 after Trump win, Fed survey shows
Optimism about household finances surged to a multiyear high after Donald Trump’s victory in the presidential election in November, as…
Fed’s key inflation gauge rose 2.5% in June from a year ago, easing path to rate cut
An important gauge for the Federal Reserve indicated that inflation had slightly eased from a year ago in June, paving…
Unemployment among Black workers falls in August, bucking trend from other groups
The unemployment rate for Black workers decreased in August, as per data released by the Department of Labor on Friday.…
UK economy expands 0.6% in second quarter; June growth stalls
The U.K. economy expanded by 0.6% in the second quarter of the year, as reported by the Office for National…
Draghi urges radical European Union reform requiring extra 800 billion euros a year
The European Union requires up to 800 billion euros ($884 billion) in additional investment annually to achieve its key competitiveness…
Wednesday’s big CPI inflation report could mark a change in thinking for the Fed
The news on Tuesday brought positive developments regarding inflation, and investors are anticipating further improvements on Wednesday with the release…
Jeremy Siegel backs off on calls for the Fed to do an emergency interest rate cut
Wharton School Professor Jeremy Siegel no longer believes an emergency interest rate reduction by the Federal Reserve is crucial, but…
IMF says global fight against inflation is ‘almost won’ but warns of rising risks
Much of the world has successfully reduced inflation and achieved an economic soft landing, avoiding recession, as per the International…