inflation
Fed Chair Jerome Powell said inflation is unlikely to make further progress this year due in part to Trump’s tariffs.He added that the Fed’s inflation forecast is rising primarily due to uncertainty with Trump’s policies.Powell’s comments followed the Fed’s decision to hold interest rates steady on Wednesday.The head of the…
Inflation cooled more than expected in February.The consumer price index rose 2.8% year over year, under the expected 2.9% rate.Traders think the Federal Reserve will hold interest rates steady next week.Inflation slowed more than expected last month.The consumer price index, an inflation measure, increased 2.8% year-over-year in February. That’s under…
Wages in the US are beating those in other rich democracies.Adjusting for inflation, Canada and the US are the only G7 countries where paychecks have increased since 2019.Inflation has slowed a lot since its high in 2022, with price increases driven mostly by housing and gas.The United States is leading…
Investing.com — The newly inaugurated US President Donald Trump has made clear his intent to implement significant changes including lowering global oil prices, taxes, and interest rates. However, Nigel Green, CEO of deVere Group, one of the world’s largest financial advisory organizations, has expressed concerns that these plans could instead…
The global exports of Champagne fell 9.2% in 2024, with 271.4 million bottles shipped out from France.Consumers are just not in the mood for celebration, the chief of the French Champagne producers association said.It said that global political and economic crises have dulled the festivities.People around the world aren’t in…
Investing.com – European stock markets edged higher Thursday, adding to the prior session’s sharp gains after benign US inflation kept potential rate cuts by the Federal Reserve on the table, although weak UK economic growth weighed on sentiment. At 03:05 ET (08:05 GMT), the in Germany climbed 0.3%, the in…
Investing.com– Asian stocks rose sharply on Thursday as markets cheered a softer U.S. inflation reading, while South Korea’s central bank left interest rates unchanged despite expectations of a cut amid political unrest. Regional markets took cues from an overnight surge in Wall Street after Wednesday’s inflation data. U.S. stock futures…
Investing.com– Oil prices rose in Asian trade on Thursday after hitting multi-month peaks in the previous session, driven by a combination of softer U.S. inflation data, new sanctions on Russian oil, and significant drawdowns in inventories. At 20:28 ET (01:28 GMT), were 0.4% higher at $82.35 a barrel, and expiring…
Investing.com — US stocks jumped Wednesday as a key measure of inflation unexpectedly cooled in December, easing concerns that a pick up in price pressures could force the Fed into a prolonged pause on further rate cuts. At 12:54 p.m. ET (17:54 GMT), the gained 639 points, or 1.5%, the …
Investing.com– Oil prices were largely steady in Asian trade on Wednesday as traders remained cautious ahead of a closely watched U.S. inflation report, while prices still hovered near a four-month high. At 20:58 ET (01:58 GMT), were unchanged at $79.95 a barrel, while expiring in March inched up 0.1% to…
