Monthly archive July, 2019

UK gross domestic product grew in the month of May after a decline in April, but the pace of expansion is widely expected to slow in the coming months as the new Brexit deadline looms and the global economy cools. Read More →

A report released by the Commerce Department on Wednesday showed wholesale inventories in the U.S. increased in line with economist estimates in the month of May. The Commerce Department said wholesale inventories rose by 0.4 percent in May after climbing Read More →

The U.S. dollar drifted lower against its key opponents in the European session on Wednesday, after Federal Reserve Chair Jerome Powell cautioned that worries about the strength of the global economy and continued trade tensions posed challenges to U.S. economic Read More →

Largely mirroring Federal Reserve Chairman Jerome Powell's remarks in Congressional testimony earlier in the day, the minutes of the central bank's June meeting released Wednesday afternoon said many participants believe the case for lowering interest rates has strengthened.Original Article Read More →

Overall credit card spending in New Zealand added a seasonally adjusted 0.1 percent on month in June, Statistics New Zealand said on Thursday - following a 0.2 percent increase in May.Original Article Read More →

The U.S. dollar drifted lower against most major currencies on Wednesday, dragged down by Federal Reserve Chairman Jerome Powell's testimony before the House Financial Services Committee that reignited optimism about a potential rate cut by the Fed later this month.Read More →