Bank of Canada governor Tiff Macklem says he expects 2024 to be a transition year as higher interest rates slow down the economy, making way for lower inflation. In his final speech of the year, the governor laid out his expectations for a softer economy next year and offered criteria for the central bank to start discussing rate … Read more
BRUSSELS, BELGIUM – NOVEMBER 27: Christine Lagarde, President of the European Central Bank speaks during the European Parliament’s Committee on Economic and Monetary Affairs (ECON) meeting in Brussels, Belgium on Nevember 27, 2023. (Photo by Dursun Aydemir/Anadolu via Getty Images) Anadolu | Anadolu | Getty Images The European Central Bank on Thursday held interest rates … Read more
Etsy, the e-commerce platform specialising in handmade and vintage items, has confirmed the layoff of 225 employees due to what CEO Josh Silverman described as “essentially flat” sales. The staff received the disheartening news through a live stream on Wednesday, with Silverman acknowledging the less-than-ideal timing during the bustling holiday season. The e-commerce giant has … Read more
Nate Silver hit out at Bidenomics, noting that “real wages and income haven’t grown” since Joe Biden assumed the presidency in early 2021. Silver was engaged in back-and-forth arguments on the X social media platform with those who argue that wages have grown despite public opinion polls which show widespread dissatisfaction with the economy. “In … Read more
For a third straight time, the U.S. Federal Reserve kept its key interest rate unchanged Wednesday, as it signalled its expectations to make a series of quarter-point cuts to the benchmark interest rate next year. Those envisioned rate cuts — which wouldn’t likely begin until the second half of 2024 — suggest officials think high borrowing rates … Read more
Chancellor Jeremy Hunt said it was positive to see inflation continuing to fall Inflation came down from 11.1 per cent last autumn to 4.6 per cent today By John-paul Ford Rojas Associate City Editor Updated: 08:14 GMT, 13 December 2023 Hopes for an interest rate cut in the first half of next year have been … Read more
Published By: Mohammad Haris Last Updated: December 12, 2023, 18:02 IST Official inflation data for November 2023 has been released. Retail Inflation In November 2023, IIP in October 2023: Though the 5.55 per cent CPI inflation is far from the RBI’s medium-term target level of 4 per cent, it is within the tolerance limit of … Read more
The average cost of a two-year fixed-rate mortgage in the UK has fallen below 6 per cent for the first time in almost six months, figures showed on Friday. In news that will be welcome to homebuyers and remortgage buyers, data from Moneyfacts showed that the cost of borrowing is still falling from the peaks … Read more
BY LEVI SUMAGAYSAY | CalMatters If you’re having trouble finding affordable car insurance, you’re not alone. Drivers across California say they’re having to wait longer than usual to get coverage — and when they finally find an insurer and a plan, they’re having to pay their premiums up front. “Something is definitely not right,” said … Read more
.JPG "Retail inflation is stable now, asserts Finance Minister Nirmala Sitharaman")
Union Finance Minister Nirmala Sitharaman. | Photo Credit: K.V.S. Giri The country’s consumer price inflation is now “stable” and within the official tolerance band of 2% and 6%, Finance Minister Nirmala Sitharaman conveyed to the Lok Sabha on Monday, attributing the weakening price rise pressures largely to a steady drop in core inflation. “India’s retail inflation … Read more
