July’s 1-percent expansion in the U.S. retail economy was the largest month-to-month gain since early 2023, the commerce department reported, even as consumers coped with high interest rates and rising prices.
Tag: inflation
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SPOTLIGHT: JAPAN’S ECONOMY IN FLUX
On 31 July, the Bank of Japan (BoJ) raised its policy interest rate from between zero and 0.1 percent to .25 percent.
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BANK OF ENGLAND CUTS RATE A QUARTER POINT
On 1 August, the Bank of England’s (BoE’s) rate-setting committee shaved a quarter point from its policy rate by a 5-to-4 vote. The cut takes the rate from 5.25 percent, a 16-year high where it has remained since last August, to 5 percent now.
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EUROZONE INFLATION TICKS UP IN JULY
Last month, inflation in the 20-country Eurozone edged up to 2.6 percent after falling to 2.5 percent in June.
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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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FEDS TO CUT INTEREST RATE NEXT MONTH
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.
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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.