Yen Dips as Strong U.S. Economy Boosts Dollar
The U.S. dollar remained close to a two-week high against the yen on Friday, following its biggest one-day gain in four weeks. This rise was fueled by robust U.S. economic data that has eased fears of a ...
Rebuilding Britain
Rachel Reeves, the Chancellor, has highlighted the urgent need to address Britain’s escalating £306 billion welfare expenditure. During her visit to North America, Reeves announced a new employment ...
Surprising Q2 Growth
The U.S. economy demonstrated robust growth in Q2, with the gross domestic product (GDP) surging at an impressive annual rate of 2.8% from April to June, as reported by the Commerce Department. This...
Eurozone Escapes Recession
The euro stabilized on Tuesday following the release of data indicating that the eurozone narrowly avoided a technical recession in the fourth quarter. Conversely, the U.S. doll...
GDP in the second quarter
US GDP fell 0.6 per cent year-on-year from April to June as a result of a sharp rise in consumer prices and a rise in the benchmark interest rate. The US Department of Commerce said in a statement releas...
US economy
United States GDP fell by 0.6% year-on-year in the second quarter of 2022, an upward revision of 0.3 percentage points compared with the July estimate. This follows data released by the US...
US economy
Key indices on the New York Stock Exchange are rising in the first minutes after opening trading on Thursday, despite a 0.9 per cent year-on-year decline in US GDP.
The Dow Jones Industrial Average...
Price declines
The retail price of gasoline at filling stations in the US fell nine cents a gallon (3.785 litres) over the week due to a temporary drop in demand. This is evidenced by data from the American Automobile Association, which tracks rates...
Policy tightening
The IMF slightly lowered its forecasts for global GDP growth and US GDP pointed out that the current rise in inflation is causing "high uncertainty". The IMF called on central banks ...
US GDP forecasts down
The US economy is set to decline sharply in the third quarter Goldman Sachs, Morgan Stanley, Oxford Economics and the Atlanta Fed have all cut their GDP growth forecasts sharply in recent weeks. The effects of the rapid spread ...
Strengthening the US economy
At the end of the meeting, the Fed reassured financial markets by stating its commitment to maintaining current policy and zero rates until substantial progress on inflation and employment. The Fed do...
March Fed minutes
The published March Fed minutes showed an increase in the outlook for the US economy on the back of mass vaccination and federal aid. At the same time, the central bank said that policy will only be changed after the results have b...
U.S. GDP
The US gross domestic product fell by 3.5% last year, the worst since World War II. The US Department of Commerce's Bureau of Economic Analysis said in a report.
The report said the economy experienced a significant drop for the ...
Growth in global debt
Global debt grew rapidly in the first nine months of 2020 and, according to IIF, increased by $15 trillion compared to the same period last year.
Global government and com...
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