Global economy is heading into a decade of low growth, economist says
The global economy likely faces a decade of sluggish growth, according to Daniel Lacalle, author and chief economist at Tressis Gestion.
Retail sales fell 0.6% in November as consumers feel the pressure from inflation
Consumers pulled back on spending in November, failing to keep up with even a muted level of inflation.
ECB hikes rates, sees significant increases ahead as it announces plan to shrink balance sheet
The European Central Bank opted for a smaller rate hike at its Thursday meeting, taking its key rate from 1.5% to 2%.
Here’s everything the Federal Reserve is expected to do Wednesday
Here's a quick look at the multiple variables that will come into play when this week's Fed meeting concludes Wednesday.
UK inflation falls from 41-year high as fuel price surge eases
U.K. inflation came in slightly below expectations at 10.7% in November, as cooling fuel prices helped ease price pressures.
Consumer prices rose less than expected in November, up 7.1% from a year ago
The consumer price index was expected to increase 0.3% in November, according to Dow Jones estimates.
Consumers see inflation easing considerably in the next year, New York Fed survey shows
A survey indicated that consumers see one-year inflation running at a 5.2% pace, down 0.7 percentage point from the October reading.
Wholesale prices rose 0.3% in November, more than expected, despite hopes that inflation is cooling
The producer price index, a measure of what companies get for their products in the pipeline, increased 0.3% for the month and 7.4% from a...
Saudi Arabia reports its first budget surplus in nearly 10 years on higher oil prices
The 2022Â surplus came to 102 billion riyals ($27 billion), constituting 2.6% of Saudi gross domestic product, the kingdom's finance ministry said.