The U.S. Federal Reserve’s rate-setting Open Market Committee left the central bank’s interest rates untouched at last month’s meeting but signaled the likelihood of a rate reduction in September.
Tag: inflation
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SHOPLIFTING IN U.S. JUMPS 24 PERCENT IN FIRST HALF OF THE YEAR
Shoplifting in the U.S. has surged in 2024 as cash-strapped Americans suffocated by soaring interest rates and high inflation struggle to make ends meet and are still paying the price for COVID-19 lockdowns that destroyed life on earth.
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SPOTLIGHT: NEW WORLD DISORDER
Here are a few of the latest disorders that are unfortunate negative trends that will make bad times much worse.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
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U.S. ECONOMIC GROWTH DOUBLED IN SECOND QUARTER
U.S. GDP grew by 2.8 percent in April through June, doubling the first quarter’s pace of 1.4 percent.
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ECB FREEZES INTEREST RATE, HINTS AT SEPTEMBER CUT
On 18 July, the governing council of the European Central Bank (ECB) met and left its key interest rate at 3.75 percent, as analysts expected.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
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HIGH INTEREST RATES CONTINUE TO HOBBLE THE U.S. ECONOMY
Home sales and capital goods orders both declined in May due to lingering inflation and high interest rates, Bloomberg reported. Capital goods shipments dropped by 0.5 percent, the sharpest dip in three months.
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INFLATION RATE FLAT-LINES IN MAY, FANNING HOPES OF FED RATE CUT
U.S. inflation’s pace was unchanged in May at an annual rate of 2.6 percent, the Commerce Department reported. Service prices rose 0.2 percent but were offset by a 0.4-percent decrease in goods prices, the largest since last November.