Euro zone inflation climbs to 2.3% in November, meeting expectations
Markets have fully priced in a 25 basis point interest rate cut from the ECB in December, which would mark its fourth cut of the...
India’s economy expands by just 5.4% in the last quarter, well below expectations
The Reserve Bank of India had forecast an expansion of 7% for the period.
These economists say artificial intelligence can narrow U.S. deficits by improving health care
Economists at the Brookings Institution estimate AI could reduce the U.S. budget deficit some $900 billion by 2044.
Fed’s preferred inflation gauge rises to 2.3% annually, meeting expectations
The personal consumption expenditures price index was expected to show inflation at 2.3% in October.
Trump and Fed Chair Powell could be set on a collision course over interest rates
Though Powell became Fed chair in 2018, after Trump nominated him for the position, the two clashed often about the direction of interest rates.
UK economy surprises with September contraction, grows just 0.1% in the third quarter
The U.K. economy showed a surprise contraction in September and only marginal growth in the third quarter, initial figures showed Friday.
Wholesale prices rose 0.2% in October, in line with expectations
The producer price index was expected to increase 0.2% in October, according to the Dow Jones consensus forecast.
Annual inflation rate hit 2.6% in October, meeting expectations
The consumer price index was expected to increase 0.2% in October and show a 2.6% 12-month rate.
Powell and the Fed won’t be able to avoid talking about Trump forever
The Fed chair dodged question after question at his news conference Thursday about his thoughts on President-elect Donald Trump.