US Inflation Continues to Rise, Outpacing Forecasts for a Second Month

US Inflation Continues to Rise, Outpacing Forecasts for a Second Month

US inflation tops forecasts for a second month Rising gasoline costs kept inflation elevated in February, underscoring that the road to more modest consumer price increases following a pandemic-induced spike may continue to be bumpy. The Numbers Rising gasoline costs and rent have kept inflation elevated in February, according to the Labor Department’s consumer price … Read more

Delayed Inflation and Rebound in Retail Sales Ease Pressure on Fed to Lower Interest Rates

Delayed Inflation and Rebound in Retail Sales Ease Pressure on Fed to Lower Interest Rates

Inflation Likely to Moderate as US Retail Sales Show Resurgence Inflation Likely to Moderate as US Retail Sales Show Resurgence Inflation dip supports Fed’s cautious stance Inflation in the US is predicted to have shown gradual signs of abatement in the past month, signaling a glimmer of stability in the nation’s economy and reducing the … Read more

China’s Premier Li Qiang To Skip Annual Press Briefing, Investors Concerned About Lack of Policy Insight

China’s Premier Li Qiang To Skip Annual Press Briefing, Investors Concerned About Lack of Policy Insight

China’s Premier Li Qiang to Skip Annual Press Briefing: Investors Concerned About Policy Direction China’s Premier Li Qiang to Skip Annual Press Briefing: Investors Concerned About Policy Direction Overview Amid President Xi Jinping’s increasing control over China’s economy, Premier Li Qiang’s decision to forgo the annual press briefing at the parliamentary meetings raises concerns among … Read more

Singapore’s Economic Benefits Outweigh Incentives Offered to Taylor Swift, Says Minister

Singapore’s Economic Benefits Outweigh Incentives Offered to Taylor Swift, Says Minister

Singapore Embraces Economic Benefits of Taylor Swift’s Concerts Singapore reiterated that the economic advantages derived from Taylor Swift’s concerts far outweigh the incentives offered to the globally-renowned singer. Speculations aroused concerning the payment made to Taylor Swift to secure her exclusive performance in Southeast Asia. Squashing Unfounded Speculations In response to the online rumors surrounding … Read more

OPEC+ Extends Oil Supply Cutbacks until June to Stabilize Prices and Prevent Global Surplus

OPEC+ Extends Oil Supply Cutbacks until June to Stabilize Prices and Prevent Global Surplus

OPEC+ Extends Oil Supply Cutbacks in Effort to Stabilize Global Prices OPEC+ Extends Oil Supply Cutbacks in Effort to Stabilize Global Prices OPEC+ Boosts Measures to Avoid Surplus and Bolster Prices OPEC+ countries have unanimously agreed to prolong their ongoing oil supply cutbacks until the end of June. The organization aims to prevent a worldwide … Read more

Federal Reserve Chair Jerome Powell to reinforce patient approach on interest rate cuts amid persistent inflation pressures

Federal Reserve Chair Jerome Powell to reinforce patient approach on interest rate cuts amid persistent inflation pressures

The Latest from Federal Reserve Chair Jerome Powell The Latest from Federal Reserve Chair Jerome Powell Powell to Emphasize No Rush to Cut Interest Rates Semiannual Testimony to Congress Federal Reserve Chair Jerome Powell is set to deliver his semiannual monetary policy testimony to both a House committee on Wednesday and a Senate panel on … Read more

Uruguay Emphasizes Ambitious Talks on 30th Anniversary of WTO to Support Free Trade

Uruguay Emphasizes Ambitious Talks on 30th Anniversary of WTO to Support Free Trade

Uruguay Calls for Ambitious Talks at 30th Anniversary of Uruguay Round Uruguay Calls for Ambitious Talks at 30th Anniversary of Uruguay Round This year marks the 30th anniversary of the conclusion of the Uruguay Round, the negotiations spanning almost eight years that led to the creation of the World Trade Organization. Uruguay Aims to Inject … Read more

Resilient Rebounds in Jobs Report for 2023 Amid Inflation Concerns

Resilient Rebounds in Jobs Report for 2023 Amid Inflation Concerns

Resilient Rebounds in Jobs Report for 2023 Introduction As inflation gathered force in 2021 and 2022, the Federal Reserve notoriously waited too long to raise interest rates, allowing consumer prices to continue to climb sharply, Fed officials now acknowledge. Now that inflation is easing, the Fed may be poised to make another blunder by moving … Read more

Generation X Has the Highest Credit Card Debt Among Americans: Study Reveals Debt Rankings for Different Generations

Generation X Has the Highest Credit Card Debt Among Americans: Study Reveals Debt Rankings for Different Generations

Generation X Leads Americans in Credit Card Debt; Other Generations Ranked According to a recent report, Generation X holds the highest credit card debt among Americans, while other generations fare better in debt management. The findings shed light on the financial situation across different age groups, highlighting the importance of addressing the debt crisis. Let’s … Read more

Business Associations Storming Against EU Supply Chain Law: FDP Blocks Law Despite Strong Support from Companies

Business Associations Storming Against EU Supply Chain Law: FDP Blocks Law Despite Strong Support from Companies

Business associations are storming against the EU supply chain law, the FDP wants to prevent it. Many companies are in favor of a strong law. A woman works in a textile factory. The churches have called on the government to approve the EU supply chain law Photo: Dominik Butzmann/laif LEIPZIG taz | Shipping companies worth … Read more