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About Keith Molyneaux

Posts by Keith Molyneaux…

Retail Sales Climb in June Amid Surging Inflation

American consumers spent more in stores and restaurants in June but got less as they contended with the highest inflation in more than four decades.  U.S. retail sales rose 1.0% in June, according to the Commerce Department. May’s unexpected decline was also slightly smaller than previously estimated, with the month’s data upwardly revised to show […]

Another Hot Inflation Report Keeps Pressure on the Fed

Another big jump in consumer prices last month has investors weighing the possibility that the Federal Reserve will raise interest rates by a full percentage point later this month, something it has not done in decades.  The consumer price index (CPI) reading for June showed prices were 9.1% higher than a year earlier, according to […]

Euro Falls to Parity with the US Dollar for the First Time in 20 Years

Americans vacationing in Europe this summer are in for the most favorable currency exchange rate in decades. The euro, battered by surging inflation and recession fears, has fallen to parity with the U.S. dollar for the first time since 2002, and while this is good news for American travelers, it presents another major headache for […]

Why China’s Economy is Unlikely to Overtake the U.S.

For decades, the rise of China has been treated as something of a fait accompli. Economists, politicians and academics have wondered not if, but only when, China would surpass the United States as the world’s preeminent economic superpower. The nation’s sheer size, in terms of both land mass and population, and rapid transformation from an […]