The Fed's preferred gauge of price changes confirmed that we're at the
US stock markets plunged amid fears of stagflation in the American economy, which grew at its slowest pace in nearly two years just as inflation jumped.]]>
New official figures show that inflation, the rate at which prices rise over time, fell again in March.
Stock indexes in the United States were up in the premarket on Monday with the earnings season slowly heating up over the course of the week. The biggest name to report its quarterly figures today wil
Commerce department says gross domestic product growth decelerated to 1.6% at start of year as consumers slowed spendingAmerica’s leading stock indices came under pressure on Thursday after official data revealed that US economic growth slowed sharply to its weakest rate in almost two years.But as high interest rates take their toll on the world’s largest economy, inflation continues to loom large. Continue reading
Smartphone activations in the US are seeing the lowest share of iPhones in six years, according to data from Consumer Intelligence Research Partners (CIRP). The analysts report the numbers each quarter but use a 12-month period to eliminate seasonality (iPhone sales are always the weakest just before the new generation launches and the strongest just after). For most of 2023, Apple held steady at around 40%. However, it share began to slip at the end of the year and is now down to 33% at the...
An already-fraught economic backdrop for the Albanese government’s third federal budget has been complicated by hotter-than-expected inflation data. Consumers were slugged with price hikes for hard-to-avoid expenses such as rents, education fees, insurance and medical bills in the first three months of the year, latest data from the Australian Bureau of Statistics shows. On a […]
Asian markets mostly rose Tuesday, with hopes for earnings this week from tech titans helping to offset worries about the Federal Reserve's interest rate plans ahead of the release of key US growth and inflation data.The apparent easing of Iran-Israel tensions after the rivals launched missile attacks against each other continued to weigh on oil prices, while the yen inched slightly higher as Japan again warned authorities had the room to intervene to support the currency.Investors are a little...
U.S. economic growth in the first quarter fell below the Federal Reserve's estimates of the economy's long-run potential for the first time in nearly two years, but the signs of slowing were accompanied with fast inflation that, if sustained, would pose a particular dilemma for the central bank.
The company said it will likely take several months before it can notify impacted individuals, while reports claims the company paid a ransom to the criminals. : UnitedHealth says hackers stole data on ‘substantial proportion’ of US
Andrew Bailey says inflation is in line with BoE forecasts but view of markets is that data will delay interest rate cutsAnalysis: Sunak hopes of pre-election rate cuts frustratedThe governor of the Bank of England, Andrew Bailey, has shrugged off a smaller-than-expected drop in inflation last month, saying he expected a sharp fall towards the government’s 2% target next month.Speaking in Washington after news that the government’s preferred measure of the cost of living had eased to 3.2% in...
Inflation in the UK fell to its lowest level in two-and-a-half years in March after a further easing in food prices, official figures show, a development that could further pave the way for a welcome cut in interest rates soon. Consumer prices rose by 3.2 per cent in the year to March, down from 3.4 […]