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Tag: interest rates
US retail spending picked up in August, mostly due to sales at gas stations
Washington, DC CNN — US retail sales picked in August, boosted by higher gas prices, as spending on other items grew modestly.
The problem with labor data in understanding inflation
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America is in a factory boom again. Even a recession may not bring it down this time
Washington, DC CNN — On a warm Saturday morning in July, as Kathie Leonard planned to set out on her boat for
What’s going on with China’s shadow banking system?
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What the August jobs report means for the Fed
Washington, DC CNN — The long-robust US job market is continuing to cool, according to several economic indicators released this week. That
The US economy grew more slowly in the second quarter than previously estimated
Washington, DC CNN — The US economy grew more slowly in the second quarter than previously estimated — a good sign for
Mortgage rates soar to their highest level in 21 years
Washington, DC CNN — US mortgage rates surged this week, rising to their highest level in 21 years. The 30-year fixed-rate mortgage
UK wages grow at a record pace, nearing the inflation rate
London CNN — Wages in the United Kingdom grew 7.8% in the three months to June, the fastest annual rate since records
Is it time to worry about stagflation?
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