Economic growth increased at a slower pace than economists had predicted in the first quarter, while President Biden continued to deliver a positive message about the economy. NBC News' Peter Alexander reports.
The pace of economic growth in the first three months of the year was far more sluggish than anyone expected—and inflation was much higher.
Today, the Commerce Department released a snapshot of its growth report for the first quarter. The country’s gross domestic product (GDP) grew by just 1.6 percent, its slowest pace in nearly two years. Further, inflation rates have also risen dramatically. Many economists are describing this as “the worst of both worlds.” Economists polled by Reuters […]
London markets have been spooked by worse-than-expected economic data across the pond that has raised uncertainty over when central banks will start lowering interest rates. So what does this mean for mortgages?
To all the unsuspecting parents who fired up Disney+ on Sunday, hoping to chill out with the family and laugh along to the new Bluey special… how are you holding up? The Australian ‘toon has always been more substantive than many of its contemporaries (we’re looking at you, Peppa Pig!), but this latest special is […]
As each day unfolds, analysts, economists, Wall Street institutions, and Fed watchers have increasingly postponed their forecasts for when the U.S. Federal Reserve will reduce the benchmark interest rate. Current data suggest that a rate cut in June is unlikely, with odds standing at 50-50 for a reduction in July. Financial Analysts Question Timing of […]
The New York Times economics parody writer Paul Krugman — because that’s all he’s been reduced to now — can’t seem to avoid sleepwalking his way into major, unforced errors. In another Apr. 9 column praising President Joe Biden’s alleged “Goldilocks” economy, Krugman was adamant that “while there was a wave of inflation, it seems to have broken.” Yes, Krugman wrote this just a day before the Bureau of Labor Statistics released its Apr. 10 report showing that consumer prices spiked hotter than...
The New York Times economics parody writer Paul Krugman — because that’s all he’s been reduced to now — can’t seem to avoid sleepwalking his way into major, unforced errors. In another Apr. 9 column praising President Joe Biden’s alleged “Goldilocks” economy, Krugman was adamant that “while there was a wave of inflation, it seems to have broken.” Yes, Krugman wrote this just a day before the Bureau of Labor Statistics released its Apr. 10 report showing that consumer prices spiked hotter than...
The chief executive of the world's largest wealth fund says there are many wildcards in financial markets right now.
Andre Onana spared Manchester United's blushes after they threw away a three-goal advantage against Mark Robins' fearless Coventry City side but still managed to reach the FA Cup final
GDP will grow just 0.5 per cent in 2024, International Monetary Fund predicts. Analysts also found GDP of UK has largely been boosted by migrant workers. UK slipped into recession at end of last year but is now on its way to recovery
"Energy markets remain the key transmission mechanism from regional tension/conflict to the rest of the world economy."