January 18, 2024
“…Thursday’s report from the Labor Department showed that overall prices rose 0.3% from November and 3.4% from 12 months earlier. Those gains exceeded the previous 0.1% monthly rise and the 3.1% annual inflation in November and were slightly above economists’… Continue Reading…
January 17, 2024
“…U.S. central bankers want more confirmation that inflation is on a firm path toward their 2% goal before they reduce the policy rate, now in the 5.25%-5.5% range…” https://finance.yahoo.com/news/traders-pare-bets-fed-cut-134748735.html What happened? I thought the FED was going to cut interest… Continue Reading…
January 17, 2024
“…The figures show the Federal Reserve is facing a bumpy path to tame inflation, which risks staying elevated in coming months should prices of goods, such as clothing and cars, continue to climb. Fed policymakers and Wall Street economists have… Continue Reading…
January 17, 2024
“…The December Consumer Price Index (CPI) showed pricesticked up slightly at 0.3% over last month, an increase from the 0.2% seen in November. Prices rose 3.4% over the prior year, an increase from the3.1% increase seen the month prior… When removing… Continue Reading…
January 17, 2024
“Official data released Thursday showed consumer prices rose 4.62% in December from a year earlier, above the 4.55% median estimate in a Bloomberg survey. Monthly inflation accelerated to 0.56%. The central bank targets inflation at 3% this year and 3.25%… Continue Reading…
December 15, 2023
“…The Dow closed at 37,090 — up more than 500 points, or 1.4 percent, for the day — surpassing a record in January 2022, fueled by the Fed decision to hold rates steady due to progress on inflation. The milestone caps a banner… Continue Reading…
November 27, 2023
“…“This is urgent,” he said in an interview broadcast Sunday by LN+ TV, adding that Argentina can’t wait for the usual start of congressional sessions in March. “Solving the central bank’s problems as soon as possible” and “halting monetary emission”… Continue Reading…
September 21, 2023
“The Bank of England on Thursday ended a run of 14 straight interest rate hikes after new data showed inflation is now running below expectations. The Bank had been hiking rates consistently since December 2021 in a bid to rein in inflation,… Continue Reading…
September 6, 2023
“…With food and energy costs on the rise, the pace of annual price gains soared to 58.9% last month from almost 48% in July, according to Turkey’s statistical office. The median estimate in a Bloomberg poll of economists was 55.9%.… Continue Reading…
August 31, 2023
“As of July, 61% of adults still said they are living paycheck to paycheck, according to a new LendingClub report, slightly more than last year’s 59%… Now, 78% of consumers earning less than $50,000 a year and 65% of those earning between… Continue Reading…
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