EU lowers 2023 growth outlook, raises nflation forecasts as war in Ukraine takes toll
admin The European Commission lowered 2023 growth expectations for the eurozone economy and raised inflation forecasts…
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German inflation hits highest level in more than 70 years
Germany’s annual inflation rate accelerated in October, hitting the highest reading since December 1951, according…
Read MoreU.K. on track for recession as economy contracts in third quarter
The U.K. economy contracted in the three months through September, as high energy prices and…
Read MoreIs the stock market open? Veterans Day is a regular day for stocks, but the bond market is closed
The U.S. stock market remains open Friday, Nov. 11, for Veterans Day, even through it…
Read More‘We’ve seen this before,” warns BofA. Why inflation could take until 2024 to fall to 3% and weigh on stocks.
U.S. stocks roared higher Thursday after October’s consumer-price index showed inflation rising at a less…
Read MoreU.S. budget deficit narrows sharply in October
The numbers: The U.S. federal budget deficit narrowed to $87.8 billion in October, down from…
Read MoreOpinion: Opinion: Why inequality is growing in the U.S. and around the world
U.S. income inequality grew in 2021 for the first time in a decade, according to…
Read MoreMester says Fed needs to keep interest rates higher for longer to cool inflation
The president of the Cleveland Federal Reserve welcomed “some easing” in U.S. inflation, but she…
Read MoreFed’s Daly, despite ‘welcome’ CPI data, still wants to raise benchmark rate above 4.5%-4.75% range
The Federal Reserve should still raise its benchmark interest rate slightly above a 4.5%-4.75% rate…
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Home Depot earnings: Wall Street stays upbeat despite signs of weakening home improvement demand
Home Depot Inc. investors will soon learn the real story about what’s happening in the…
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