Consumer prices fell 0.1% in December, in line with expectations from economists
The consumer price index was expected to decrease 0.1% on a monthly basis and increase 6.5% from a year ago in December, according to Dow...
World Bank makes big cut to its 2023 growth outlook, says globe is ‘perilously close’ to recession
The World Bank slashed its global growth forecasts from projections it made in mid-2022 on the back of what it sees as broadly worsening economic...
‘Quick and dirty’: France’s Macron expected to push through pension reforms after years of pushback
France's legal retirement age is currently 62 — lower than many developed markets, including much of Europe and the U.S.
Consumers see inflation—and spending—cooling off in the year ahead, New York Fed survey shows
The one-year inflation outlook declined to 5%, down 0.2 percentage point from the previous month and the lowest level since July 2021.
U.S. unemployment rate falls in December, but rises for Black women, Hispanic men
Those figures bucked the trend in the broader economy, which showed unemployment in the U.S. fall to 3.5%.
Private payroll growth surged by 235,000 in December, well above estimate, ADP reports
Private payrolls rose by 235,000 for the month, well ahead of the 153,000 Dow Jones estimate.
Job openings hold strong despite rate hikes; manufacturing in contraction
Demand for employment remained high in November as companies looked for workers to fill positions despite worries of a looming recession.
The UK recession will be almost as deep as that of Russia, economists predict
The U.K.'s economic contraction in 2023 will be almost as deep as that of Russia, economists expect, as a sharp fall in household living standards...