Inflation in the United States edged up in July after 12 straight months of declines. But excluding volatile food and energy costs, so-called core inflation matched the smallest monthly rise in nearly two years, a sign that the Federal Reserve’s interest rate hikes continue to slow price increases. The inflation figure the government
US economic growth and wage gains should “serve as a source of resilience” moving forward even if the economy continues to cool, Treasury Secretary Janet Yellen said in remarks released on Friday.
Global stock markets rose on Monday on positive sentiment on interest rates and Chinese stimulus measures. Trading was still animated by Friday’s
Global stocks rose on Tuesday, while investors grappled with the possibility of a flare-up in inflation due to the Opec+ group’s surprise output target cut,
US consumer spending rose moderately in February, and while inflation cooled, it remained high enough to possibly allow the Federal Reserve
The International Monetary Fund expects global economic growth to dip below 3% in 2023 and to remain around 3% for the next five years,
US banks may become more circumspect in granting loans following recent turmoil in the sector, the country’s treasury secretary said in an interview to air on Sunday,
The outlook for the world economy this year has dimmed in the face of chronically high inflation, rising interest rates and uncertainties resulting from the collapse of two big American banks.
European and US stock markets wobbled on Friday as dealers digested mixed data and looked forward to more corporate earnings reports.