RBA cuts GDP, unemployment forecasts and ramps up inflation expectations
admin SYDNEY — The Reserve Bank of Australia has lowered its 2022 unemployment forecast, highlighting the…
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Zillow is almost done selling homes, but stock slumps as the hard part is still to come
Zillow Group Inc. is almost done selling all the homes it bought in a flurry…
Read MoreFed’s Mester backs higher interest rates until inflation begins to fade
The president of the Cleveland Federal Reserve said Thursday that the central bank needs to…
Read MoreU.S. unemployment claims climb to 260,000 and stick near nine-month high
The numbers: Some 260,000 people applied for unemployment benefits at the end of July, keeping…
Read MoreU.S. trade deficit falls 6.2% to $79.6 billion and hits six-month low
The numbers: The nation’s trade deficit fell 6.2% in June to a six-month low of…
Read MoreU.K. recession looms warns Bank of England as it hikes interest rates by most in 27 years
The Bank of England hiked interest rates by the most in 27 years on Thursday…
Read MoreTreasury yields decline as investors await U.S. jobs data
Treasury yields moved lower Thursday as investors awaited weekly U.S. jobs data and assessed remarks…
Read MorePelosi’s visit to Taiwan rattles global copper markets, but slowing growth in China still the bigger worry
Copper prices fell for the third straight day on Wednesday as tensions between the U.S.…
Read MoreHiring slowdown? U.S. seen adding just 258,000 jobs in July
Scattered reports of layoffs, declining job openings and a softening economy all point to a…
Read MoreMary Daly: ‘I don’t feel the pain of inflation anymore,’ here’s the full context
Inflation is hurting some Americans more than others — just ask Mary Daly. “‘I don’t…
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