#Breaking News: Economy
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Lowest unemployment in 53 years. Seems President Biden is doing a good job.
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UK economy posts 0.1% growth in February in further sign of recession rebound
The economy contracted in the third and fourth quarters of 2023, putting the U.K. in a technical recession.
January recorded light growth, which was revised upward to 0.3% on Friday.
Construction output, which boosted growth at the start of the year, fell 1.9% in February. Instead, production output was the biggest contributor to the GDP, rising by 1.1% in February, while growth in the U.K.’s…
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#Breaking News: Economy#business news#DXY US DOLLAR CURRENCY INDEX#economy#EUR/USD#GBP/USD#world economy
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China's cautious consumer confidence is dampening recovery, says ADB
Fears are growing that China’s economy is tethering on the verge of deflation after yet another slate of underwhelming economic data July 17 provided more evidence that the stall in growth momentum may turn out more severe without more meaningful policy intervention.
Xinhua News Agency | Xinhua News Agency | Getty Images
China’s cautious consumer confidence has been a “a dampener” for its…
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#Asia Economy#Breaking News: Economy#business news#china#Economic events#Economy#Prices#World economy
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Markets brace for a 'Powell recession' that could soon arrive
Markets brace for a ‘Powell recession’ that could soon arrive
Just in case there is any lingering doubt, the bond market is now pricing in the near certainty of a Federal Reserve-induced recession that is already here or on the way shortly. The three-month Treasury yield now sits some 86 basis points ahead of the 10-year yield, a level not seen since at least the early 1980s. this period. A basis point is one hundredth of a percentage point. In fact, the…
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#10 year US Treasury#3 month US Treasury#Breaking News: Economy#Breaking News: The Markets#economic news#economy#Federal Reserve Bank#Markets#Recent news
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Household debt soars at fastest pace in 15 years as credit card use surges, Fed report says The Global Today
Household debt soars at fastest pace in 15 years as credit card use surges, Fed report says The Global Today
Luis Alvarez | Digitalvision | Getty Images
Households increased debt during the third quarter at the fastest pace in 15 years due to hefty increases in credit card usage and mortgage balances, the Federal Reserve reported Tuesday.
Total debt jumped by $351 billion for the July-to-September period, the largest nominal quarterly increase since 2007, bringing the collective household IOU in the…
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#Breaking news#Breaking News: Economy#business news#Credit card debt#Economy#Personal debt#Personal loans
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Consumer prices rose 0.4% in September, up 8.2% from a year ago. Excluding food and energy, the core consumer price index accelerated 0.6% and 6.6%, respectively. Worker wages took another hit, falling 0.1% monthly and 3% year over year when adjusted for inflation.
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India to become world's second largest economy by 2075: Goldman Sachs
India’s Taj Mahal At Sunrise.
Wolfgang Kaehler | Lightrocket | Getty Images
India is poised to become the world’s second-largest economy by 2075, leapfrogging not just Japan and Germany, but the U.S., too, says Goldman Sachs.
Currently, India is the world’s fifth-largest economy, behind Germany, Japan, China and the U.S.
On top of a burgeoning population, driving the forecast is the country’s…
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#Asia Economy#Breaking News: Economy#business news#Economic events#Economy#Germany#Goldman Sachs BDC Inc#Goldman Sachs Group Inc#India#japan#Personnel#Prices#Social issues#United States#World economy
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