Floridians' top concerns are inflation and insurance costs, and they favor Republicans to solve them
A poll by the Associated Industries of Florida showed these concerns topped others like unlawful immigration
Markets Mixed As US Jobs Data Tempered By Economy Worries
Job vacancies fell far more than expected in April, to below 8.1 million, which Briefing.com said was the lowest level since 2021.
Asian Markets Rally On Renewed US Rate Cut Hopes
News that the personal consumption expenditures (PCE) index slowed month-on-month to its lowest level since December provided a much-needed boost to investors' sentiment after a recent pull-back.
ECB To Start Rate Cuts But Sticky Inflation Clouds Path Ahead
Policymakers are poised to reduce eurozone borrowing costs by a quarter percentage point on Thursday, taking the key deposit rate to 3.75 percent from its current record level.
Asian Markets Extend Losses With Wall St As Rate Hopes Dim
The losses in equities extended a more than week-long sell-off that came on the back of forecast-beating data and warnings from Federal Reserve officials that they were in no rush to lower borrowing costs.
Argentine Economic Activity Plunges Amid Austerity Drive
The national statistics agency, INDEC, said that economic activity had slowed 8.4 percent year-on-year in March -- the biggest such interannual change since the Covid pandemic.
Perception vs. reality: Poll reveals majority of U.S. citizens mistakenly feel the nation is in recession
Republicans and independent voters are more likely to believe this, the survey shows
Asian Markets Track Wall St Records After US Inflation Data
The 3.4% clip in April consumer prices was in line with forecasts but down from March and capped a run of three straight months above estimates that forced investors to reel in their rate cut hopes.
Asian Markets Mixed As Focus Turns To US Inflation Report
There was also some nervousness on trading floors after Beijing hit out at Washington's decision to impose steep tariff hikes on Chinese imports such as electric vehicles and semiconductors.
US Fed Likely To Keep Rates Steady As Hopes Of Early Cuts Fade
For months, the US central bank has maintained its benchmark lending rate at a 23-year high to cool demand and rein in price increases -- with a slowdown in inflation last year fueling optimism that the first cuts were on the horizon.
Most Asian Markets Build On Wall St Rally, Yen Holds Rebound
While the Fed is widely expected to stand pat on borrowing costs after its meeting Wednesday, its statement and boss Jerome Powell's comments will be pored over for clues about their plans for the rest of the year.
Yen Rebounds After Hitting 34-year Low Past 160 Per Dollar
It touched 160.17 in morning trade -- its weakest since 1990 -- fanning speculation that Japanese authorities would step in to support their currency for the first time since 2022.
Asian Markets Mixed As Global Rally Stalls, Eyes On Yen
Traders also kept an eye on Japan as the yen wallowed at a fresh three-decade low above 155 per dollar, a level many observers saw as likely to see authorities intervene in currency markets.
Markets Up Ahead Of US Data And Earnings, London Hits Fresh Record
The apparent easing of Iran-Israel tensions after the rivals launched missile attacks against each other continued to weigh on oil prices, while the yen inched slightly higher as Japan again warned authorities had the room to intervene to support the currency.
EU Seeks To Take On China, US To Reverse Economic Decline
From supply chain disruptions following the coronavirus pandemic to an energy crisis after Russia's invasion of Ukraine, Europe's economy has faced multiple challenges in recent years.
US Fed Officials Raised Inflation Concerns, But Still Expected Rate Cuts In 2024: Minutes
US Federal Reserve officials raised concerns at their March interest rate meeting about the recent "broad-based" rise in inflation, but still said they expected cuts to start this year, according to minutes of the meeting published Wednesday.
The Paradox of Remittances in Mexico: A Win for AMLO, But Not for Everyone on The Street
Foreign exchange rates and food basket inflation have eroded the purchasing power of millions of Mexicans at the receiving end of wire transfers
Bank Of England To Hold Rate Despite Slowing Inflation
Analysts predict that the BoE will keep borrowing costs at 5.25 percent, one day after official data showed UK annual inflation slowing to its lowest rate since September 2021.
Argentina's Inflation Rate Continues To Decline Under Milei's Austerity Policies
According to the numbers issued by the government's INDEC statistics agency Tuesday, Argentina's monthly inflation dropped to 13.2% in February, compared to 20.6% in January. Whereas, the inflation was 25.5% in December.
Sticky Inflation To Keep Eurozone Interest Rates On Hold
Inflation, which peaked at over 10 percent in late 2022, has been steadily easing, hitting 2.6 percent in February, heading towards the ECB's two-percent target.
Cuba's 500% Fuel Price Rise To Take Effect Friday: Government
Finance Minister Vladimir Regueiro announced via government mouthpiece Granma that the higher prices will enter into force on Friday, March 1.
Navigating Foreclosure and Eviction: A Vital Guide Amid Rising Inflation
A comprehensive guide on what to do if you are facing a foreclosure or an eviction
Argentina's Annual Inflation Soars Above 250% In January
President Javier Milei had warned that the country's battle with inflation was far from over when he took office in December, riding a wave of fury over decades of economic mismanagement, and stood by his policies Wednesday.
UK Inflation Holds At 4% In January: Data
The Consumer Prices Index (CPI) stood at 4.0 percent last month, the Office for National Statistics (ONS) said in a statement.
Hispanic Consumer Confidence Increases as Inflation Stabilizes in the U.S.
Hispanic Consumer Confidence Increases as Inflation Stabilizes in the U.S.
ECB To Stand Pat And Urge Patience On Rate Cuts
The European Central Bank is expected to stand pat Thursday and call for patience in the ongoing battle against inflation, pushing back against market hopes of rapid interest rate cuts.
Cubans Prepare For New Inflation Wave
Many residents in Havana, the capital of Cuba, have shared that there has been an increase in the price of several commodities since the government's announcement.
Did Central Banks Break Inflation? Some Economists Have Doubts
The debate is heating up as European Central Bank policymakers meet this week, with many observers now expecting its benchmark lending rates to start coming down by this summer.
Japan Inflation Slows In December As Energy Bills Drop
Prices in the world's third-largest economy, excluding volatile fresh food, rose 2.3 percent year-on-year in December, down from 2.5 percent the previous month.
US Fed 'Within Striking Distance' Of Inflation Target: Official
The US Federal Reserve is "within striking distance" of reaching its long-term inflation target and could begin cutting interest rates this year, a senior official said Tuesday.