Economic News Category

The Federal Reserve of the United States is bracing itself to face the Inflation Challenge After more than a decade of subdued inflation, a wave of price increases has swept through the US economy, affecting automobiles, housing, and food, and shaking policy makers intent on selling a reassuring message of recovery. President Joe Biden has

USA November, inflation rose 6.8%, much higher than expected, and reached its highest level since 1982 The Labor Department said Friday that inflation accelerated at its fastest pace since 1982, putting pressure on economic recovery and raising interest rates by the Fed. The Consumer Price Index, which measures the value of a diverse basket of

European stocks move higher ahead of central bank meetings European stocks are expected to open higher on Monday as investors brace for stimulus cuts and rate hikes.  About 20 central banks are expected to hold monetary policy meetings this week, including the Fed, the European Central Bank and the Bank of England.  The Federal Reserve’s

U.S. weekly jobless claims are at their lowest since 1969 amid labor market pressures   The number of Americans filing new unemployment claims fell to the lowest level in 52 years last week as labor market conditions continue to deteriorate due to a severe labor shortage. The drop reported by the Labor Department in Thursday’s

Apple wins delay in Monopoly case, allowing App Store rules to remain in place for now As part of an antitrust dispute between a technology company and Epic Games Inc, Apple Inc. won a grace from the US Court of Appeals on Wednesday by making changes to the App Store ordered by a federal judge.