The Fed likely won’t raise rates this month — but November is another matter – CNN
Last week’s economic data increasingly gave investors hope that the Federal Reserve could hold interest rates steady this month, following a hike in July that...
Author : Nelli Avetisyan
Rates Are Up. We’re Just Starting to Feel the Heat – WSJ
In the decade before the Covid-19 pandemic, governments, businesses and households became addicted to low interest rates, gorging on debt to fund everything from expensive...
Swiss Economy Stalls as Manufacturing Succumbs to Global Woes – Bloomberg
Switzerland’s economy stalled in the second quarter as its manufacturing sector fell victim to waning global demand. Gross domestic product, adjusted for large sports events,...
What the August jobs report means for the Fed – CNN
The long-robust US job market is continuing to cool, according to several economic indicators released this week. That marks some progress for the Federal Reserve,...
PODCAST: The ECB is in a pickle
UBS has reported the biggest-ever quarterly profit for a bank, eurozone core inflation has edged down, and Switzerland has proposed sweeping measures to clamp down...
Public Accounting for Public Accountability
Governments impose rigorous demands on private entities to provide accrual-basis accounting, including an audited balance sheet showing all financial and real assets and liabilities that...
Summer Spending Surge Shows Consumers Driving Economic Growth – WSJ
Fed likely to leave rates unchanged in September as price pressures ease. Consumers boosted their spending rapidly in July and price pressures remained modest, signs...
Two Million Britons Are Using Buy-Now-Pay-Later for Essentials – Bloomberg
Almost two million people in Britain are using buy-now-pay-later credit to cover groceries, bills and other necessities, according to the Money and Pensions Service....
Europe’s economy looks to be heading for trouble – The Economist
Europe’s summer was a strange mixture of heavy rainfall and wildfires. The continent’s economy was also plagued by extremes. Inflation remained hot: prices rose by...
Companies Are Using Fewer Temp Workers, but That Doesn’t Portend a Downturn – WSJ
Declines in temp employment used to signal economic weakness, but some currently regard it as a sign of a healthy labor market...