In February, the Royal Bank of Australia (RBI) noted “encouraging signs” that inflation was waning and hinted at an interest rate cut by the end of this year.
Tag: interest rates
GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community.
AMERICAN CONSUMERS ARE SINGING THE BLUES
U.S. consumers hold their gloomiest outlook in six months on the American economy, according to the University of Michigan’s monthly survey of consumer sentiment.
BUSINESS BANKRUPTCIES SOAR IN CANADA
In this year’s first quarter, Canada’s business bankruptcies shot up 87.2 percent, year on year, to 1,599, according to data from the government’s Office of the Superintendent of Bankruptcy. Household bankruptcies rose 14 percent.
STRONG DOLLAR POSES DANGER TO GLOBAL ECONOMY
As the U.S. Federal Reserve keeps its interest rates near a 20-year high to combat persistent inflation, the dollar continues to sap value from other currencies and creates a danger for the global economy, The New York Times reported.
POWELL: RATE CUT THIS YEAR A GUESSING GAME
At a 30 April press briefing, U.S. Federal Reserve chair Jerome Powell indicated a belief that inflation will continue to ebb this year, allowing the central bank to pare back its interest rates.
U.S. SERVICE SECTOR CONTRACTS IN APRIL
The Institute for Supply Management’s (ISM’s) April Purchasing Managers Index (PMI) for the U.S. services sector dropped from expansion into contraction, falling from 51.4 in March to 49.4 last month.
LABOR MARKET COOLS OFF IN APRIL
The U.S. economy added 175,000 jobs last month, compared to March’s 300,000 and analysts’ forecast of 241,000, notching the lowest monthly gain since last October.
GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community.
INFLATION HOLDS, GROWTH SLOWS IN FIRST QUARTER
The U.S. economy grew by 1.6 percent in this year’s first quarter, adjusted for inflation, the commerce department reported.