Economists need new indicators of economic misery – The Economist
When Jimmy Carter, the Democratic candidate for American president in 1976, wanted to criticise the record of the incumbent Gerald Ford, he reached for a...
Author : Nelli Avetisyan
US Initial Jobless Claims Dropped to Lowest Since May Last Week – Bloomberg
Applications for US unemployment benefits fell to the lowest level since May last week, signaling there is still a healthy demand for workers after recent...
Goldman Sachs Now Expects Slower Pace of Rate Cuts From BOE – Bloomberg
Goldman Sachs said it now expects the Bank of England to take a slower approach to interest-rate cuts after the UK budget lifted the outlook...
Euro Likely to Fall Further on ECB-Fed Divergence – WSJ
The euro is likely to weaken further as the European Central Bank could cut interest rates more aggressively than the Federal Reserve, ING says. The...
Markets See 80% Chance of December Fed Cut After Inflation Data – Bloomberg
Traders added to wagers that the Federal Reserve will cut interest rates by another quarter point next month after in-line inflation data, spurring gains for...
US inflation rises to 2.6% – The Financial Times
US inflation rose to 2.6 per cent in October, as the Federal Reserve debates whether to cut interest rates at its last meeting before US...
Wall Street frets over Big Tech’s $200bn AI spending splurge – The Financial Times
Big Tech’s capital spending is on track to surpass $200bn this year and rise even further in 2025, as anxiety grows on Wall Street about...
Fed’s Waller Says Central Bank Should Limit Its Role in Payment Systems – WSJ
The Federal Reserve should play a minimal, supportive role in payments infrastructure, letting the private sector take the lead, Fed governor Christopher Waller said Tuesday....
Why crypto mania is reaching new heights – The Economist
Donald Trump’s victory has a flavour of revenge—not just for the man but also for crypto bros and their assets of choice. Over the course...
Klarna chooses New York over London for much-anticipated IPO – The Guardian
The buy now, pay later company Klarna has filed for a much-anticipated flotation in the US, a move that marks another blow for the London...