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Economy
admin October 23, 2024

IMF warns on China’s property market worsening as it cuts country’s growth outlook

Chinese flags for sale on Nanjing East Road in Shanghai, China, on Wednesday, Oct. 2, 2024.Qilai Shen | Bloomberg | Getty ImagesThe International Monetary Fund (IMF) warned of a possible worsening of the state of China's property market as it trimmed its growth expectations for the world's second-largest economy.In a...

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Economy
admin October 20, 2024

Here’s why inflation may look like it’s easing but is still a huge problem

A family shops for Halloween candy at a Walmart Supercenter on October 16, 2024 in Austin, Texas. Brandon Bell | Getty ImagesJust because the Federal Reserve is nearing its inflation goal doesn't mean the problem is solved, as the high price of goods and services across the U.S. economy continues to...

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Economy
admin October 19, 2024

U.S. deficit tops $1.8 trillion in 2024 as interest on debt surpasses trillion-dollar mark

The U.S. Treasury building in Washington, D.C., on Aug. 15, 2023.Nathan Howard | Bloomberg | Getty ImagesThe Biden administration rang up a budget deficit topping $1.8 trillion in fiscal 2024, up more than 8% from the previous year and the third highest on record, the Treasury Department said Friday.Even with...

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Economy
admin October 17, 2024

UK inflation falls sharply to 1.7%, below Bank of England’s target for first time in over three years

A wet Piccadilly Circus during a rainy morning in the West End, on 26th September 2024, in London, England. Richard Baker | In Pictures | Getty ImagesLONDON โ€” Inflation in the U.K. dropped sharply to 1.7% in September, the Office for National Statistics said Wednesday, ramping up market expectations for a...

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Economy
admin October 11, 2024

Inflation rate hit 2.4% in September, topping expectations; jobless claims highest since August 2023

The pace of price increases over the past year was higher than forecast in September while jobless claims posted an unexpected jump following Hurricane Helene and the Boeing strike, the Labor Department reported Thursday.The consumer price index, a broad gauge measuring the costs of goods and services across the U.S....

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