Mexico: Inflation hits 21-year high ahead of rate decision
Core inflation, which does not include volatile items like fuel, grew 7.65 percent compared to a year earlier, Mexico’s government said.By Max de HaldevangBloombergPublished On 9…
Browsing Tag
Inflation
Canada’s unemployment falls for 2nd month as labour force shrinks
Canada’s central bank in July raised interest rates by a whopping 100 basis points in hopes of tackling high inflation.Canada’s economy unexpectedly lost jobs for the second month…
What the blowout US jobs numbers actually mean
Are there really more people working than at any period in American history, as President Joe Biden claims?Red-hot US jobs data for July may have calmed concerns about a recession…
US jobless claims climb again, near highest since November
The Labor Department said that initial claims for state unemployment increased by 6,000 to 260,000 in the week ending on July 30 – hovering near an eight-month high.The number of…
Turkey’s inflation jumped to 24-year high of 79.6 percent in July
Turkey’s inflation has been fuelled by the lira’s continued decline as well as the economic consequences of Russia’s invasion of Ukraine.Turkish inflation rose to a fresh 24-year…
Argentina’s new economic minister promises to stop printing money
Printing money fuels inflation which is now over 60 percent in Argentina and expected to reach 90 percent by year end.By Patrick Gillespie and Scott SquiresBloombergPublished On 4…
Softer demand? US job openings fall in June to 9-month low
Job openings in the United States fell by 605,000 to 10.7 million in June, a larger decline than expected.US job vacancies fell in June to their lowest level in nine months,…
US consumer spending rises in June as inflation takes bigger bite
US consumer spending barely rose in June after falling in the prior month, underscoring how decades-high inflation has eroded Americans’ paychecks and tempered demand.
Purchases of…
Top economic takeaways as US wrangles with recession fears
Back-to-back GDP slowdown, Fed doubling down, a cooling jobs market, red-hot prices and tech’s big bang, here are the main economic highlights from a busy week.It was an eventful,…
US economy shrinks for a second quarter, fuelling recession fears
The fall in US GDP comes on the heels of the Federal Reserve raising interest rates, as Chair Jerome Powell says growth needs to slow.By Reade PickertBloombergPublished On 28 Jul…