Tag: Economic Indicators
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Bank of England voices inflation concerns as it holds main UK interest rate at 4%
The Bank of England has held its main interest rate at 4% as U.K. inflation concerns weigh on policymakers
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US stocks churn amid uncertainty about how many more rate cuts are coming from the Fed
U.S. stocks churned between gains and losses, but they ultimately remained near their record levels
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Wall Street edges back from its record heights
U.S. stocks edged back from their record heights
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Appeals court rejects Trump’s bid to unseat Federal Reserve governor Lisa Cook ahead of rate vote
An appeals court has ruled that Lisa Cook can remain a Federal Reserve governor, rebuffing President Donald Trump’s efforts to remove her just ahead of a key vote on interest rates
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Wall Street coasts to the finish of its best week in the last 5
Wall Street coasted to the finish of its best week in the last five
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Unemployment, inflation and GDP growth will be worse this year than projected, budget office says
The Congressional Budget Office has released new economic projections, indicating that unemployment, inflation and overall growth will worsen in 2025 before improving over the next year
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Wall Street rallies as a cut to interest rates next week looks more certain
Wall Street rolled to more records after mixed data on the economy cemented expectations for coming cuts to interest rates
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Rising inflation and a deteriorating job market puts the Fed and Americans in a difficult spot
Inflation rose last month as the price of gas, groceries, and airfares jumped, while a measure of layoffs also increased, putting the Federal Reserve in a tough spot as it prepares to cut rates at its meeting next week despite persistent price pressures
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The number of Americans filing for jobless benefits last week hits 263,000, most in nearly 4 years
In another grim sign for the U.S. labor market, jobless claim applications jumped to their highest level in almost four years last week, virtually assuring the Federal Reserve will cut its benchmark interest rate next week
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Income inequality dipped and fewer people moved, according to largest survey of US life
Income inequality in the United States dipped last year, with median household income rising slightly