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2 mins read
RBI may shift monetary stance to 'Neutral', rate cuts likely by December 2024: Nuvama
The Reserve Bank of India (RBI) will shift its monetary stance to 'neutral' from the current 'withd…
1 min read
Investors can buy gold to diversify risk: Quantum AMC
Gold prices ended the last month 0.7 per cent lower, supported by a depreciating rupee and festive …
2 mins read
At Rs 2 lakh per year, Indians are among the top spenders on clothing globally: Study
Things like rapid urbanisation, westernisation, our increasing disposable incomes and a growing you…
2 mins read
US economic growth came in slightly under expectations but consumer spending remains strong
While third-quarter GDP came in at 2.8% compared to 3% expectations, 2024 continues to be a strong …
Madison Hoff
3 mins read
It's starting to look like inflation has finally peaked
Food and gas prices are still painfully high. But this could be the worst of pandemic-era inflation.
Ben Winck
1 min read
Stock market today: US indexes gain after soft inflation report supports more rate cuts
"The Fed feels as though it has won the battle on inflation and its primary focus is making sure th…
Matthew Fox
2 mins read
Americans' spending slowed more than expected in February as inflation surged even higher
Personal consumption expenditures — a popular measure of consumer spending — rose 0.2% in February,…
Ben Winck
2 mins read
Stock market today: US stocks rise on solid earnings and in-line inflation reading
Fitch Ratings said the PCE data was a "double dose of good news" for investors as inflation data fi…
Matthew Fox
3 mins read
Even if inflation cools off, these goods and services probably won't get cheaper
Cooling price growth for essentials like food, rent, and gas will be key to avoiding an inflation c…
Ben Winck,Madison Hoff
2 mins read
Stock market today: Dow jumps 484 points as US stocks rebound ahead of key inflation report
The August CPI report set to be released on Wednesday could influence whether the Fed cuts rates by…
Matthew Fox
2 mins read
The US economy grew way faster than expected this spring
US real GDP blew past expectations in this year's second quarter. It rose 2.8% compared with a fore…
Madison Hoff
3 mins read
The US economy may be barrelling towards stagflation, an outcome worse than recession
As US growth shows signs of sputtering and inflation keeps rising, a re-run of the tumultuous 1970s…
Filip De Mott
2 mins read
Popular US inflation gauge climbs at fastest rate since 2008 in April
The Personal Consumption Expenditures index - among the country's most popular inflation measures -…
Ben Winck
3 mins read
After flat opening to market, Sensex breaches 79,000-mark for first time; Nifty hits new lifetime high
The stock market has hit news heights, with Sensex breaching the 79,000-mark for first time and N…
ANI
3 mins read
Inflation rises sharply in October, prompting more fears of a price-growth crisis
The Personal Consumption Expenditures price index gained 0.6% in October, missing economists' forec…
Ben Winck,Madison Hoff
2 mins read
Inflation looked less transitory in September as the global supply chain crisis pushed prices higher
The Personal Consumption Expenditures price index rose 0.3% in September, matching economists' aver…
Ben Winck,Andy Kiersz
2 mins read
Stock market today: US stocks trade mixed as investors weigh economic data and Nvidia's post-earnings dip
Indexes were mixed after a positive GDP revision and Nvidia's 6% drop after earnings. Traders will …
Kelly Cloonan
2 mins read
Inflation held steady in August, countering fears of runaway price surges
The Personal Consumption Expenditures price index gained 0.4% in August, matching the median foreca…
Ben Winck
2 mins read
Inflation is cooling off just as economists, the Fed, and Biden expected
The Personal Consumption Expenditures price index climbed 0.4% in July, matching the median forecas…
Ben Winck
2 mins read
Popular inflation measure climbs more than expected in June as shortages abound
The Personal Consumption Expenditures price index gained 0.5% in June. Economists surveyed by Bloom…