2023-11-14 18:04:28 Inflation was flat in October from the previous month, providing a hopeful sign that stubbornly high prices are easing their grip on the U.S. economy and giving a potential green light to the Federal Reserve to stop raising interest rates. The consumer price index, which measures a broad basket of commonly used goods … Read more
2023-10-10 16:14:02 States have been forced to pay through their nose at the weekly auction of their debt on Tuesday with the weighted average interest rate payable soaring to the highest so far this fiscal at 7.68 per cent, 12 basis points (bps) more than the previous peak at the last auction. The prices shot … Read more
2023-10-11 16:00:39 A measure of wholesale prices rose more than expected in September, indicating simmering inflation pressures for the U.S. economy. The producer price index, which measures costs for finished goods that producers pay, increased 0.5% for the month, against the Dow Jones estimate for a 0.3% rise, the Labor Department reported Wednesday. That was … Read more
2023-10-09 01:30:32 Criticism of a report in a magazineNational Interest“The US Reserve Bank’s policy of clinging to high interest rates, warning that this may lead to great difficulties for the US economy. The magazine said in its report: Economic realities are rapidly changing for the worse, so the Fed would do well to quickly back … Read more
2023-09-26 16:16:48 Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., speaks during the event Chase for Business The Experience – Miami hosted by JP Morgan Chase Bank for small business owners at The Wharf in Miami, Florida, U.S., February 8, 2023. Marco Bello | Archyde.com JPMorgan Chase CEO … Read more
2023-09-25 00:04:52 The Federal Reserve’s hint at the possibility of raising interest rates was reflected in most stock markets in the Middle East, especially since the Gulf Cooperation Council countries usually follow the example of the US central bank. Five Gulf countries peg their currencies to the dollar (Saudi Arabia, the UAE, Qatar, the Sultanate … Read more
2023-09-22 06:34:50 Gold futures rose by about 0.2% to $1,943.8 per ounce Gold prices recorded an increase today, Friday, despite the strength of the dollar and the rise in US Treasury bond yields, but they are heading towards recording weekly losses. Gold futures rose by about 0.2%, to $1,943.8 per ounce, after witnessing their largest … Read more
2023-09-14 17:55:30 Interior view of a Costco store on August 18, 2020 in Teterboro, New Jersey. On Thursday, Costco Wholesale (COST) stock hit into the 90-plus percentile with an improvement to 93, up from 89 the day before. Kena Betancur | Corbis News | Getty Images Inflation at the wholesale level rose more than expected … Read more