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.
Tag: interest rates
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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.
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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.
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GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community.
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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.
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WORLD RISKS “TEPID GROWTH,” “POPULAR DISCONTENT,” IMF WARNS
The global economy is entering a decade of “tepid growth” and “popular discontent,” Kristalina Georgieva, managing director of the International Monetary Fund (IMF), warned in an 11 April speech to the Atlantic Council.
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GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community. Some of the most significant challenges include soaring inflation rates, escalating interest rates, looming fears of a recession, and a tangible decrease in revenues for many sectors…
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TURKEY’S VOTERS REBUKE ERDOGAN’S ECONOMIC POLICIES
On 31 March, the Justice and Development Party (AKP) led by Turkey’s President Recep Erdogan was drubbed in municipal elections, suffering what Bloomberg called “an unprecedented defeat.”
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U.S. DEBT OUTLOOK WORSE THAN OFFICIALS ADMIT
In its latest forecast, the U.S. Congressional Budget Office (CBO) sees the federal government’s debt rising from 97 percent of GDP in the last fiscal year to 116 percent by 2034, higher than during World War II.
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TOP TREND 2024, A GOLDEN YEAR FOR GOLD: GOLD SETS ANOTHER RECORD
Gold’s price rose another 1.61 percent on 5 April to trade at $2,325.70, giving a 12.77-percent gain so far this year.