Economy - Page 18

6 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

6 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

U.S. Inflation Surprises, Jobless Claims Spike Amid Economic Shifts

Recent economic data has painted a complex picture for the U.S. economy as inflation slightly exceeded expectations in September, while jobless claims reached their highest level in 14 months. The Consumer Price

6 months ago

Economy

U.S. Dollar Rallies Ahead of Fed Minutes and Key Economic Data

The U.S. dollar strengthened on Wednesday as investors geared up for the release of the Federal Reserve’s September meeting minutes and other pivotal economic data. These events, including the much-anticipated Consumer Price

6 months ago

Economy

Tentative Deal Reached: ILA and USMX End Strike, but Automation Issues Loom

After days of disrupted operations at East Coast and Gulf Coast ports, the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) have reached a tentative agreement on wages, bringing

6 months ago

Economy

U.S. Crude Oil Prices Continue Decline Amid Rising OPEC+ Supplies and Weak Chinese Demand

U.S. crude oil prices are on track for a third consecutive monthly decline in September, driven by increasing supplies from OPEC+ and a drop in demand from China, the world’s largest importer

6 months ago

Economy

China’s Factory Activity Contracts for Fifth Straight Month Amid Economic Struggles

China’s manufacturing sector saw its activity contract for the fifth consecutive month in September, highlighting the continued challenges faced by the world’s second-largest economy in rekindling growth. The latest data from the

6 months ago

Economy

Fed’s Rate Cut Shakes Markets as Wall Street Stays Steady

In a surprising move, the Federal Reserve implemented a larger-than-expected interest rate cut on Wednesday, a strategy aimed at revitalizing the slowing U.S. economy. The half-percentage point reduction, the first in over

7 months ago

Economy