As we shared in a recent Daily Commentary about interest rates:
The current unemployment rate is 4%, and the core PCE inflation rate is 2.6%. In December 2019, the unemployment rate was 3.6%, and the core PCE was 1.6%. At the time, Fed…
By David Ljunggren and Anna Mehler Paperny (Reuters) -A massive wildfire that destroyed about a third of the western Canadian tourist town of Jasper is still out of control but rain and cooler conditions are helping firefighters,…
By David Lawder BELEM, Brazil (Reuters) - U.S. Treasury Secretary Janet Yellen said on Saturday that the global transition to a low-carbon economy requires $3 trillion in new capital each year through 2050, far above current annual…
PA MediaThe new Labour government has been in power for just over three weeks.In that time, it says ministers have found government departments in a much worse state than they thought.On Monday, the Chancellor will argue the public!-->!-->…
By Nia Williams and Anna Mehler Paperny (Reuters) - Severe wildfire seasons are increasingly hurting western Canada's lucrative tourism industry, with some visitors beginning to avoid the busy late-summer months due to concerns about…
2.8% real GDP growth shows economy remains on soft landing pathThis week, we got our first look at Q2 real GDP growth, and it was a great sign that the economy remains on track for a soft landing. Real GDP grew at a +2.8%…
The recessionistas are now forced to look to the third quarter as the earliest start date for an economic downturn in the US.
The odds have been low recently that Q2 would mark the beginning of an NBER-defined contraction and yesterday’s…
By Erwin Seba HOUSTON (Reuters) -Oil futures fell about 1.5% on Friday, finishing the week lower on declining Chinese demand and hopes of a Gaza ceasefire agreement that could ease Middle East tensions and accompanying supply concerns.…
Investing.com-- Oil prices settled lower Friday, suffering a third consecutive losing week as concerns over sluggish demand conditions in China dented sentiment.At 14:30 ET (18:30 GMT), fell 2% to $80.70 barrel, and dropped 1.4% to $77.16…
BBC BanglaNahid Islam, one of the men detained, has previously accused police of tortureThree student protest leaders who helped co-ordinate the recent rallies in Bangladesh have been forcibly removed from hospital by police officers,!-->…