Tuesday The Institute of Supply Management and S&P Global delivery their different reviews of buying chiefs on monetary movement in the U.S. administrations area. Wednesday The Commerce Department gives an…
Category: Economy
Congressperson Warren stresses that Fed will tip U.S. economy into downturn
Democratic U.S. Congressperson Elizabeth Warren said on Sunday that she was extremely stressed that the Federal Reserve planned to tip the country’s economy into downturn and that financing cost climbs…
Government revision shows economy shrank 0.6% last quarter
The U.S. economy shrank at a 0.6% yearly rate from April through June, the public authority expressed Thursday in an overhaul from its underlying evaluation. It denoted a subsequent straight…
Japan sees economy picking up modestly, flags looming risks -govt
Japan’s government described its economy as “moderately picking up” in its monthly economic report, keeping the overall assessment unchanged from the previous month, while noting an upward revision to factory…
The U.S. economy is not in recession — it’s growing. But for how long?
The most recent evidence suggests the U.S. is not on the verge of its second recession in three years, but rather the economy is growing at a steady if somewhat…
A soft landing of the economy is increasingly likely as inflation is set to be cut in half later this year, JPMorgan says
It is increasingly likely that inflation has peaked and is set to fall considerably, according to JPMorgan. That means the economy is more likely to stick a soft landing as…
UK’s Liz Truss says defining mission will be reviving the economy
The frontrunner to be Britain’s next prime minister Liz Truss said her government’s defining mission would be to revive the economy as she set out a series of measures to…
Uber’s push into patient transport renews calls for gig economy reform
Australia’s transport workers union says company’s move shows gig model of work ‘will pervade every aspect of our lives’ Uber’s push into patient transport has renewed calls to regulate the…
China set to lower lending benchmarks to revive wobbly economy
China is widely expected to lower its benchmark lending rates on Monday, a Reuters survey showed, with a vast majority of participants predicting a deeper cut to the mortgage reference…
The U.S. economy is still sluggish — leading indicators fall for fifth month in a row
The U.S. leading index fell by 0.4% in July to mark the fifth decline in a row, reflecting a slowdown in the economy tied to rising interest rates and pessimism…