Euro zone stalls as energy shock bites
Business surveys show war-driven cost pressure is already hitting activity Private sector growth in the euro zone nearly stalled in March, adding to signs that the war in the Middle East is
Bank of England Holds as Iran War Clouds Outlook
Markets shift from rate-cut hopes to fears of tighter policy The Bank of England has left interest rates unchanged, but the decision did little to calm markets increasingly worried that the conflict
US Diesel Tops $5 as Oil Shock Hits Economy
Fuel surge raises pressure on freight and consumer costs Diesel prices in the United States have climbed above $5 a gallon for the first time in more than three years, signaling a
U.S. Economy Grows 3.1% in Q3, Ending 2024 on a Strong Note
The U.S. economy expanded at a robust annual rate of 3.1% in the third quarter of 2024, driven by resilient consumer spending and a surge in exports, according to an upgraded estimate
U.S. Existing-Home Sales Surpass 4 Million in November Amid High Rates
Existing-home sales in the U.S. hit an annualized rate of 4.15 million in November, marking the first time in six months that sales surpassed the 4-million mark. The 4.8% monthly increase, reported
Fed Cuts Rates Again but Signals Limited Reductions Ahead
The Federal Reserve on Wednesday delivered its third consecutive interest rate cut, reducing its key rate by a quarter percentage point. The move brings the target range for the federal funds rate
UK Jobs Market Signals Mixed Outlook Amid Strong Wage Growth
The state of the UK’s job market is raising concerns, with business leaders increasingly sounding the alarm about a possible recession. Recruitment figure James Reed recently claimed the current data points to
China Plans Record Fiscal Deficit to Boost 2025 Growth
Chinese leaders have agreed to raise the budget deficit to 4% of gross domestic product (GDP) in 2025, marking the highest level on record. The move reflects a more proactive fiscal policy
November Retail Sales Beat Expectations, Show Consumer Strength
The US economy continues to defy expectations as retail sales in November surged more than Wall Street analysts had anticipated. Bolstered by strong vehicle purchases and online shopping, the report reflects the
US Economic Output Reaches Highest Level in Nearly Three Years
S&P Global’s latest data shows that US economic activity closed 2024 on a high note, with economic output reaching levels not seen in nearly three years. US Composite PMI Surges in December
Fed Expected to Cut Rates for Third Consecutive Meeting Despite Inflation Concerns
The Federal Reserve is poised to lower interest rates this week for the third consecutive meeting, even as inflation remains elevated and the economy shows resilience. This decision has sparked debate among
Federal Reserve’s December Rate Cut and Its Impact on Consumer Borrowing and Savings
The Federal Reserve is anticipated to lower interest rates by another quarter point on December 18, marking the third consecutive rate cut since September. This move would reduce the federal funds rate
CFPB Finalizes Rule to Cap Overdraft Fees at $5, Potentially Saving Consumers $5 Billion Annually
The Consumer Financial Protection Bureau (CFPB) has introduced a significant reform to cap overdraft fees charged by banks and credit unions at $5, a sharp reduction from the typical $35. This move,