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Category: Economy

Economy
admin November 28, 2024

Fedโ€™s preferred inflation gauge rises to 2.3% annually, meeting expectations

Inflation edged higher in October as the Federal Reserve is looking for clues on how much it should lower interest rates, the Commerce Department reported Wednesday.The personal consumption expenditures price index, a broad measure the Fed prefers as its inflation gauge, increased 0.2% on the month and showed a 12-month...

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Economy
admin November 26, 2024

Can Saudi Arabia keep pace with its ambitious mega-project spending spree?

Digital render of NEOM's The Line project in Saudi ArabiaThe Line, NEOMIn Saudi Arabia's northwestern desert, a sprawling construction site replete with cranes and pile drivers sits encircled by a recently-built road. A pair of tracks cuts through the site like deep gashes through the sand, comprising the spine of...

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