Wholesale prices were flat in November, providing a leading indicator that inflation is easing, the Labor Department reported Wednesday.The producer price index, which measures a broad range of prices on final demand items, was unchanged for the month, following a 0.4% decrease in October but less than the Dow...
Christine Lagarde, president of the European Central Bank (ECB).Bloomberg | Bloomberg | Getty ImagesFRANKFURT — The European Central Bank meets this week with investors closely monitoring to see when the Frankfurt institution might start to cut interest rates.It will be too early to declare victory in the battle against...
A passageway near the Bank of England (BOE) in the City of London, U.K., on Thursday, March 18, 2021.Hollie Adams | Bloomberg | Getty ImagesLONDON — The Bank of England is all but certain to keep its main interest rate unchanged at 5.25% for a third consecutive meeting on...
Prices across a broad range of goods and services edged higher in November as energy prices declined, providing hope that inflation could be on a lower trajectory.The consumer price index, a closely watched inflation gauge, increased 0.1% in November, and was up 3.1% from a year ago, the Labor...
The incoming head of one of the world's largest development banks says it must become faster and more efficient in order to finance priorities such as the climate transition and Ukraine rebuild.Nadia Calviño, Spain's finance minister and deputy prime minister, was appointed head of the European Investment Bank Friday —...
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 7, 2023. Brendan Mcdermid | ReutersMarkets are confused over the odds of a U.S. recession, and "somebody has got it wrong," according to hedge fund manager David Neuhauser.The CIO of Livermore Partners...
A UPS seasonal worker delivers packages on Cyber Monday in New York, US, on Monday, Nov. 27, 2023.Stephanie Keith | Bloomberg | Getty ImagesNovember's solid jobs report did not assure that the economy will come in for a soft landing, but it did help to clear the runway a...
The U.S. job market once again surprised to the upside in November, as strong growth in health care and a few other sectors helped the economy add nearly 200,000 jobs and push the unemployment rate down.Health care and social assistance added more than 93,000 jobs for the month, making...
Commuters arrive into the Oculus station and mall in Manhattan on November 17, 2022 in New York City.Spencer Platt | Getty ImagesThe labor market deteriorated for both Asian and Black workers in November, according to data released Friday by the Department of Labor.The overall unemployment rate declined 0.2% to...
Job creation showed little signs of a let-up in November, as payrolls grew even faster than expected and the unemployment rate fell despite signs of a weakening economy.Nonfarm payrolls rose by a seasonally adjusted 199,000 for the month, slightly better than the 190,000 Dow Jones estimate and ahead of...