2023-05-31 03:00:10 India’s economic growth probably matched government estimates as demand spurred an expansion in the services sector and cushioned the impact of elevated interest rates. Data due Wednesday is likely to show gross domestic product in the year to March 2023 grew 7%, according to the median estimate in a Bloomberg survey that’s in … Read more
2023-05-26 14:37:50 Inflation stayed stubbornly high in April, potentially reinforcing the chances that interest rates could stay higher for longer, according to a gauge released Friday that the Federal Reserve follows closely. The personal consumption expenditures price index, which measures a variety of goods and services and adjusts for changes in consumer behavior, rose 0.4% … Read more
2023-05-15 17:31:28 A clerk uses a credit card reader to charge a customer in Miami. Getty Images Total consumer debt hit a fresh new high in the first quarter of 2023, pushing past $17 trillion even amid a sharp pullback in home borrowing. The total for borrowing across all categories hit $17.05 trillion, an increase … Read more
2023-05-04 15:51:00 The European Central Bank (ECB) decided this Thursday to raise key interest rates by 25 basis points, a slowdown compared to previous increases. However, it remains an aggravation and a signal for the markets. What is the cost to households and businesses? Have the Euribor already incorporated this increase? What are the ECB’s … Read more
2023-04-28 20:42:09 Oil prices fell for the second week in a row, although the rise in stocks, driven by earnings reports on Wall Street, pushed prices higher. WTI futures posted their highest gain in nearly four weeks on Friday, supported by risk sentiment benefiting all commodities in the markets. Oil prices moved this week in … Read more
Inflation cooled in March as the Federal Reserve’s interest rate increases showed more impact, the Labor Department reported Wednesday. The consumer price index, a widely followed measure of the costs for goods and services in the U.S. economy, rose 0.1% for the month against a Dow Jones estimate for 0.2%, and 5% from a year … Read more
A customer shops for eggs at a H-E-B grocery store on February 08, 2023 in Austin, Texas. Wholesale egg prices have begun declining more than 50% since December record highs according to Urner Barry data. Brandon Bell | Getty Images News | Getty Images Consumers are getting more pessimistic about inflation and their access to … Read more
Technology stocks pushed US stocks higher as Federal Reserve officials reiterate their intention to lower the inflation rate. The “Standard & Poor’s 500” index rose by 0.6% – despite the pressures on the stocks of financial institutions – while the “Nasdaq 100” index, which gives a higher relative weight to technology stocks, advanced by 0.9%, … Read more