Borge Brende, president of the World Economic Forum, gave a stark outlook for the global economy saying the world faces a decade of low growth if the right economic measures are not applied.Speaking Sunday at WEF's "Special Meeting on Global Collaboration, Growth and Energy for Development" in Saudi Arabia,...
A customer shops for food at a grocery store on March 12, 2024 in San Rafael, California.Justin Sullivan | Getty Images News | Getty ImagesThe last batch of inflation news that Federal Reserve officials will see before their policy meeting next week is in, and none of it is...
Inflation showed little signs of letting up in March, with a key barometer the Federal Reserve watches closely showing that price pressures remain elevated.The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, the same as in February, the Commerce Department...
The slowing growth and stubborn inflation picture emerging in the U.S. economy may not be quite a nightmare scenario for the Federal Reserve, but it at least could make for some restless sleep. First-quarter results released Thursday showed the U.S. economy slugging along at a 1.6% annualized pace, the...
U.S. economic growth was much weaker than expected to start the year and prices rose at a faster pace, the Commerce Department reported Thursday.Gross domestic product, a broad measure of goods and services produced in the January-through-March period, increased at a 1.6% annualized pace when adjusted for seasonality and...
The U.S. economy likely expanded at a solid pace in the first three months of the year and perhaps even better than Wall Street expects, while still below the robust level that closed 2023. Gross domestic product, the sum of all goods and services produced across the sprawling domestic...
US Federal Reserve Board Chairman Jerome Powell arrives to testify at a House Financial Services Committee hearing on the "Federal Reserve's Semi-Annual Monetary Policy Report," on Capitol Hill in Washington, DC, March 6, 2024. Mandel Ngan | Afp | Getty ImagesWith the economy humming along and the stock market, despite...
Xinhua News Agency | Xinhua News Agency | Getty ImagesCalling the state of the U.S. jobs market these days stable seems like an understatement considering the latest data coming out of the Labor Department.That's because most of the past several weeks have shown that first-time claims for unemployment benefits...
One of the International Monetary Fund's top economists signals little risk of a global recession, despite the ongoing rumblings of geopolitical uncertainty.The Washington DC-based institute this week nudged its global growth outlook slightly higher to 3.2% in 2024 and projects the same rate in 2025."When we do the risk...
Financial Counsellor and Director of the Monetary and Capital Markets Department Tobias Adrian hold the press briefing of the Global Financial Stability Report at the International Monetary Fund during the 2024 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group in Washington DC, United States...