Japan Falls to Fourth-Largest Economy Amid Unexpected Recession
Economy
Sharp Decline in January US Retail Sales Signals Economic Caution
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UK Economy Enters Recession, Challenging Sunak's Growth Pledge
"The United Kingdom's economy has officially entered a recession, marking a significant downturn and the weakest annual growth since the aftermath of the 2008 financial crisis, excluding the pandemic-impacted year of 2020. -
January Sees Unexpected Rise in Consumer Prices, Challenging Fed's Inflation Outlook
"consumer prices in January witnessed a rise that exceeded expectations, primarily driven by persistent increases in shelter costs.
The Latest
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U.S. Inflation Drops to Lowest Level Since Early 2021 as Fed Readies 0.25% Rate Cut
U.S. consumer prices increased modestly in August, continuing a trend of slowing inflation that has brought the annual rate to its lowest level since February 2021. According to the latest data from the Bureau of Labor Statistics, the Consumer Price Index (CPI) rose by 0.2% for the month, in line with expectations, and the annual inflation rate eased to 2.5%, down from 2.9% in July. This marks a significant retreat from the inflation peak of mid-2022 when the rate surged to 9%. 
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U.S. Household Incomes Rebound to Pre-Pandemic Levels Amid Modest Poverty Changes
U.S. household incomes saw a significant rebound in 2023, returning to levels last seen before the COVID-19 pandemic, according to new data released by the U.S. Census Bureau. The report offers a mixed picture of the economic landscape, highlighting both positive gains in income and troubling indicators regarding poverty and income inequality. 
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U.S. Job Growth Slows in August, Setting the Stage for Potential Fed Rate Cuts
Payroll growth misses expectations as unemployment dips, adding complexity to the Federal Reserve's next move. 
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August Job Growth Falters as U.S. Private Sector Hiring Hits Lowest Point Since 2021
The U.S. private sector experienced its weakest job growth in more than three-and-a-half years in August, a stark indication that the labor market's momentum is faltering. According to a report released Thursday by ADP, private payrolls increased by just 99,000 in August, significantly below the 140,000 jobs anticipated by economists and the smallest gain since January 2021. This disappointing figure adds to the growing body of evidence suggesting that the U.S. labor market is facing a significant slowdown. 
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China's Emerging Tech Cities Lead Best-Performing Cities Index, While Real Estate Slump Hits Others
Hangzhou, Wuhan, and Jinan have claimed the top spots in the Milken Institute's 2023-2024 Best-Performing Cities Index, 
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U.S. Job Openings Plummet to Two-Year Low, Raising Concerns Over Labor Market Stability
Job openings in the United States fell to their lowest level since January 2021, according to new data released by the Bureau of Labor Statistics on Wednesday. The latest figures show that job openings dropped to 7.67 million at the end of July, down from 7.91 million in June. This sharp decline has raised alarms among economists and investors, who are closely watching for signs that the labor market is cooling faster than anticipated, potentially prompting the Federal Reserve to reconsider its interest rate strategy. -
China's Economy Faces Severe Slump: Manufacturing and Property Markets in Sharp Decline
China's economic engines are sputtering, with fresh data revealing a worsening contraction in both manufacturing and real estate sectors. The country's efforts to mitigate these issues through policy adjustments appear to be insufficient, heightening concerns about meeting its ambitious 5% growth target for 2024. 
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July Inflation Data Supports Fed Rate Cut; Wall Street Set for Higher Open
Wall Street is poised for a higher open as investors digest the latest inflation data, which aligns with expectations and bolsters predictions for an imminent Federal Reserve interest rate cut. The Commerce Department's report, released Friday, showed a modest increase in the Personal Consumption Expenditures (PCE) price index, a key gauge closely monitored by the Fed. 
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Euro Zone Inflation Hits Three-Year Low at 2.2%, Strengthening Case for ECB Rate Cut
Euro zone inflation has dropped to a three-year low of 2.2% in August, according to flash estimates from Eurostat. This decline, from 2.6% in July, aligns with economists' predictions and intensifies discussions about potential monetary policy adjustments by the European Central Bank (ECB). 
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U.S. GDP Revised to 3% Growth, Boosting Dollar and Market Optimism
In a boost to market confidence and the strength of the U.S. dollar, the latest data from the Commerce Department revealed that the U.S. economy grew at a robust 3% annual rate in the second quarter of 2024. This upward revision from the initial 2.8% estimate signifies a significant acceleration from the first quarter's modest 1.4% growth and underscores the resilience of the American economy amidst prevailing uncertainties. 
