Danger, ‘pothole’ ahead: Economic growth slowing to a near-halt to end the year
A U.S. economy that has barreled through most of 2023 is now set to limp through the end of the
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Prices
Fed’s Neel Kashkari sees 40% chance of ‘meaningfully higher’ interest rates
Kashkari thinks there's nearly a 50-50 chance that interest rates will need to move significantly higher to bring down inflation.
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Some soft commodity prices are surging, adding to consumer woes
Certain agricultural commodities have climbed in recent months, driven by weather-related damage around the globe and tighter supplies. Source link
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Turkey’s central bank hikes interest rate to 30%
The move is a 500-basis point jump from the month prior, as Ankara continues to battle double-digit inflation. The central
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Fed declines to hike, but points to rates staying higher for longer
The Federal Reserve on Wednesday released its decision on interest rates and updates on the economy. Source link
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The Federal Reserve leaves rates unchanged. Here’s how it impacts your money
At the end of its two-day meeting Wednesday, the Fed said it would skip a rate hike in September. But
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The single biggest piece of the economy is showing signs of deteriorating
Wall Street analysts are raising warning flags about the U.S. consumer. They account for 70% of the pie. Source link
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Take the Fed forecast with a grain of salt. It has a terrible track record
Should you change your investment portfolio based on the Fed's projections? You probably should not. Source link
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China’s retail sales surprise with faster growth in August, but real estate drag worsens
China's retail sales and industrial production picked up pace in August with better-than-expected growth, according to National Bureau of Statistics
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