Economy - Page 17

7 months ago

Inflation Eases, But Concerns Persist as 2024 Election Approaches

As the U.S. gears up for a pivotal presidential election, inflation has quietly returned to normal levels, but it remains a top concern for many voters. According to a recent Ipsos poll,

U.K.-Inflation-Drops-to-3-Year-Low-Paving-Way-for-Rate-Cut-in-November

Economy

7 months ago

U.K. Inflation Drops to 3-Year Low, Paving Way for Rate Cut in November

Inflation in the United Kingdom has fallen to its lowest level in over three years, according to official data released on Wednesday. The decline in consumer prices has solidified market expectations that

Federal-Reserve's-Bostic-Cautions-on-Further-Rate-Cuts-Amid-Inflation-Concerns

Economy

7 months ago

Federal Reserve’s Bostic Cautions on Further Rate Cuts Amid Inflation Concerns

Federal Reserve Bank of Atlanta President Raphael Bostic has signaled cautious optimism as the central bank begins its rate-cutting cycle, starting with a larger-than-expected half-point reduction. The move, aimed at stabilizing the

China’s Factory Activity Expands in November Amid Stimulus Efforts

China’s factory activity expanded for the second consecutive month in November, according to the National Bureau of Statistics. The purchasing managers’ index (PMI) rose to 50.3, a seven-month high, from 50.1 in

5 months ago

Economy

Canada’s Economy Grows 1% in Q3 Amid Sluggish Momentum

Canada’s economy grew at an annualized rate of 1% in the third quarter, aligning with market expectations, according to Statistics Canada data released Friday. The growth was supported by household and government

5 months ago

Economy

UK Mortgage Holders Face Rate Hikes as Bank of England Warns of Global Risks

The Bank of England’s latest financial stability report warns that around half of UK mortgage holders—4.4 million homes—are set to refinance at higher rates over the next three years. However, the report

5 months ago

Economy

Inflation Edges Higher in October as Fed Weighs Interest Rate Reductions

Inflation ticked upward in October, according to the Commerce Department, offering a nuanced picture as the Federal Reserve evaluates its next moves on interest rate reductions. The personal consumption expenditures (PCE) price

5 months ago

Economy

south-korea-surprise-interest-rate-cut-november

South Korea Makes Surprise Interest Rate Cut Amid Growth Concerns

South Korea’s central bank, the Bank of Korea (BOK), surprised markets on Thursday by cutting its benchmark interest rate by 25 basis points to 3.00%. This marks the second consecutive rate cut,

5 months ago

Economy·World

China’s Industrial Profits Decline Again, Highlighting Persistent Economic Struggles

China’s industrial sector faced another challenging month in October, with profits falling 10% year-on-year, marking the third consecutive month of declines. The steep drop underscores the limited impact of Beijing’s recent stimulus

5 months ago

Economy

U.S. Economy Grows 2.8% in Q3, Driven by Consumer Spending and Exports

The U.S. economy expanded at an annualized 2.8% pace in the third quarter of 2024, supported by robust consumer spending and rising exports, according to revised data from the Commerce Department. Although

5 months ago

Economy

November CPI Report: Inflation’s Path and the Fed’s Next Moves

The Consumer Price Index (CPI) report for November, set for release on December 11, will provide crucial insights into the Federal Reserve’s progress toward its 2% inflation target. While inflation has eased

5 months ago

Economy

German Ifo Index Declines Again, Stoking Winter Recession Fears

Germany’s leading economic indicator, the Ifo Business Climate Index, has taken another sharp dip, raising concerns of an impending winter recession. After showing a brief rebound in October, the index fell to

5 months ago

Economy

China’s Economy Demonstrates Resilience Amid Trade Tensions

China remains steadfast in its ability to withstand external economic shocks and maintain robust economic growth, according to Vice Commerce Minister Wang Shouwen. Speaking at a press conference on Friday, Wang emphasized

5 months ago

Economy