Tag: economy
U.S. protectionism could undermine modest growth forecast for eurozone, says EU Commission
FRANKFURT, Germany -- Europe's economy has left stagnation behind but is headed for only modest growth in coming months as consumers regain some...
Japan's economy grows for a second straight quarter on the back of consumer spending
TOKYO -- Japan’s economy eked out an annual rate of 0.9% growth in the July-September period as consumer spending held up, government data...
Powell says Fed will likely cut rates cautiously given persistent inflation pressures
WASHINGTON -- Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in the...
The average rate on a 30-year mortgage in the US slips to 6.78%
The average rate on a 30-year mortgage in the U.S. edged lower this week, ending a six-week climb.The rate slipped to 6.78% from...
US wholesale inflation picks up slightly in sign that some pressures remain elevated
WASHINGTON -- Wholesale prices in the United States rose last month, remaining low but suggesting that the American economy has yet to completely...
The Singles' Day shopping festival loses its shine under China's lagging economy
HONG KONG -- Merchants and consumers alike found the Singles' Day shopping festival Monday less shiny than in years past as e-commerce firms...