The Federal Reserve’s preferred inflation metric fell in line with expectations in February, leaving many to wonder if inflationary pressures will subside enough this spring for the central bank to begin cutting interest rates this summer. The personal-consumption expenditures (PCE) price index rose 0.3% in February from the month before, according to the Commerce Department. […]
In the latest sign of China’s ailing economy, the nation’s youth unemployment continued to climb in February. The unemployment rate among 16-24-year-olds rose to 15.3% in February, up from 14.6% the month prior. The nation’s overall unemployment rate rose to 5.3%, up from 5.1% in January. This month’s report is the third that contains data […]
The Swiss National Bank (SNB) surprised the markets this week with its decision to lower the country’s main policy interest rate, making it the first developed economy to begin normalizing interest rates after the post-pandemic inflation boom that has gripped most of the world’s economy. The central bank lowered its key interest rate by 0.25 […]
The Federal Reserve’s fight against inflation has hit something of a speed bump, Though down substantially from its most recent peak in July 2022, inflation has proven to be “sticky” in recent months. The consumer price index (CPI) showed that prices were up 3.2% from a year earlier in February, higher than expected and still […]
The spring homebuying season got off to an early start this year, as sales unexpectedly spiked in February amid a rising inventory of homes for sale on the market. Sales of pre-existing homes, which account for the bulk of the housing market, jumped 9.5% in February from the month prior for a seasonally adjusted annualized […]
