US Fed keeps interest rates at 23-year high amid stubborn inflation | Inflation
US central bank keeps benchmark rate at 5.25-5.50% after series of economic reports undercut hopes of easing inflation. The US Federal Reserve has held interest…
Macklem says two per cent inflation target necessary
Breadcrumb Trail LinksNewsEconomyBankingSenators questioned whether Bank of Canada should just change its inflation target to give Canadians relief on high mortgage rates Get the latest…
Angola’s GDP up 0.9 amid pressures of currency devaluation and inflation
Angola’s economy experienced a 0.9 percent growth in GDP in 2023, as reported by the National Bank of Angola (BNA). The BNA’s Annual Report and…
Small businesses at growing risk of collapse as big businesses become more financially secure
In short: Credit reporting firm illion finds that the number of small businesses at risk of collapse has jumped by 20 per cent in a…
Federal Reserve expected to leave interest rates unchanged amid poor inflation data
The Fed was expected Wednesday to leave interest rates unchanged due to inflation that's still above the Fed's 2% threshold. Fed Chair Jerome Powell has…
Markets this week: Focus will be on Eurozone CPI and Fed Rate Decision
This week, the financial market will centre on the Eurozone's flash CPI data for insights into the ECB's rate path, while attention will also be…
Profits at Lloyds fall after bank squeezed to increase rates for savings accounts customers
PROFITS at Lloyds have fallen by more than a quarter after the bank faced more pressure to increase rates for savings accounts customers. Britain’s biggest…
How Primark has the ‘perfect formula for online shopping’ as it shuns home deliveries & expands click & collect services
FASHION powerhouse Primark says it has the winning formula for online shopping — as it continues to shun home deliveries. The low-cost retailer yesterday said…
States’ inflation varies, in part due to domestic migration
States with the highest population gains in recent years generally see higher inflation rates -- including the price of food -- than those that have…
Cost of fish and chips set to rise as heavy rain hits vegetable oil production
THE cost of fish and chips is set to rise after months of rain hit vegetable oil production. Flooded land has ruined British rapeseed crops…
Fed’s Preferred Inflation Gauge Is Set to Back Rate-Cut Patience
Breadcrumb Trail LinksPMN BusinessFederal Reserve officials are about get further confirmation that inflation progress has stalled, supporting what appears to be a shift in tone…
‘When will our good days come?’ The Mumbai cook voting in India’s election | What’s your money worth?
What's your money worth? A series from the front lines of the cost-of-living crisis, where people who have been hit hard share their monthly expenses.…
World’s Highest And Lowest Inflation Rates 2021
Inflation rates are rising in every country but not equally so; The Consumer Price Index only tells part of the story. Two years ago, inflation…
UK inflation falls to 3.2% in March
New official figures show that inflation, the rate at which prices rise over time, fell again in March. Source link
Inflation likely rose but not enough to sway Bank of Canada
Article contentCanadian inflation likely reaccelerated in March, but not by enough to throw the Bank of Canada off course, economists say.Markets are forecasting that inflation…
Column: Empathy was Biden’s 2020 superpower. Can he find it in 2024?
WASHINGTON — Whatever happened to the empathetic Joe Biden who won the 2020 presidential election? Some days it feels as if that kindly Uncle Joe has…
Markets lookahead: risk-aversion expected to take centre stage
Geopolitical tensions and central banks’ rhetoric on monetary policy will remain the focus of market participants, also Netflix is scheduled to release its Q1 earnings…
Many say Biden, Trump did more harm than good, for different reasons
WASHINGTON — There’s a reason why President Biden and former President Trump are spending so much time attacking each other — people don’t think either man…
As US inflation ticks back up, it could impact the presidential election | Business and Economy News
Wednesday’s “disappointing” inflation data in the United States showed a jump from February, dampening expectations of an interest rate cut and raising concerns that inflation…
PPI: Wholesale inflation rises 0.2% for March, below expectations
Wholesale inflation measured by a Producer Price Index report Thursday rose 0.2% for March - less than Dow Jones economists expected. Services drove the increase.…