The euro is having a tough time as it remains heavily dependent on the risky Ukrainian war factor. Prospects for an economic recession are growing larger, but with inflation soaring at the same time, the European Central Bank (ECB) has recently talked more about higher interest rates. On Thursday at 12:30 GMT minutes from the March policy meeting […]
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The Federal Reserve’s preferred measure of inflation edged higher in October, data indicated Wednesday, thanks in part to an ongoing boom in consumer spending that is challenging the central bank’s effort to tame price pressures. Read more…
U.S. personal income grew by 0.6% mom in October, exceeding market expectations of a 0.3% mom rise, with a total increase of USD 147.4B. Personal spending also climbed, rising 0.4% mom or USD 72.3B, aligning Read more…