Early this month, U.S. consumers’ sentiment fell to its lowest point since August as more Americans expect inflation to rise again because they believe Donald Trump’s tariffs will jack up retail prices.
Tag: inflation
Post
JOB GROWTH AND UNEMPLOYMENT SLOW DOWN IN JANUARY
The U.S. economy created 143,000 nonfarm jobs last month, less than half of the 307,000 created in December, according to the Bureau of Labor Statistics’ upwardly revised December figure.
Post
ECB CUTS INTEREST RATE AGAIN
On 30 January, the European Central Bank (ECB) cut interest rates on Thursday for the fifth time since June, dropping its rate on deposits to 2.75 percent and its marginal lending rate to 3.15 percent.
Post
FED STANDS PAT ON INTEREST RATES
At its meeting last week, the U.S. Federal Reserve’s Open Market Committee decided to hold its interest rates at their current levels amid a strong economy and labor market and inflation that refuses to surrender to the bank’s 2-percent target rate.
Post
CONSUMER CONFIDENCE DROOPS AGAIN IN JANUARY
Consumers’ view of the present and future economy fell more than economists expected last month, according to a January survey by the Conference Board (CB).
Post
GERMAN, U.K. ECONOMIES SHOW NEW DANGER SIGNS
From 1 September through November, the U.K.’s jobless rate edged up from 4.3 percent to 4.4 percent, its highest since 2021, the Office of National Statistics reported.
Post
TOP TREND 2025: THE TRUMP CARD
Canada’s government has formulated a list of tariffs valued at $105 billion in U.S. dollars that it will impose on U.S. goods if incoming president Donald Trump lays new import duties on Canadian goods coming into the U.S., an unnamed government official told Bloomberg.
Post
U.S. HOLIDAY SALES RISE 4 PERCENT, CHEERING RETAILERS
Retail sales during the November and December holiday season totaled $994.1 billion, the U.S. Commerce Department reported, a 4-percent bump over 2023’s total. Online sales rose 8.6 percent.
Post
INFLATION PICKED UP AGAIN IN DECEMBER
In December, U.S. inflation set an annual pace of 2.9 percent, compared to 2.7 percent in November. It was the sharpest one-month increase since February 2024, The New York Times noted.
Post
EUROZONE ECONOMY REMAINS IN DANGER, NEW DATA SHOWS
Despite a pickup in the services sector, the Eurozone’s economy closed 2024 with a variety of data pointing toward a grim year ahead.