Menu

Monthly archive December, 2019

U.S. Consumer Prices Rise Slightly More Than Expected In November

A report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased by slightly more than anticipated in the month of November. The Labor Department said its consumer price index rose by 0.3 percent in November Read More →

ECB Set To Maintain Status Quo In Lagarde’s First Policy Meeting

The European Central Bank is set to leave its monetary policy unchanged on Thursday in the first meeting chaired by its new chief, Christine Lagarde, and markets will be closely watching how she communicates the message from the central bank Read More →

Federal Reserve Leaves Rates Unchanged After Three Straight Cuts

After three consecutive interest rate cuts, the Federal Reserve on Wednesday announced its widely expected decision to leave rates unchanged. The Fed said its Federal Open Market Committee decided to maintain the target range for the federal funds rate at Read More →

Dollar Drifts Lower As Fed Holds Rate

The U.S. dollar drifted down against rivals on Wednesday after the Federal Reserve left interest rates unchanged and the Fed chair Jerome Powell said he would not consider raising rates until inflation picks up significantly.Original Article Read More →

ADB Cuts Developing Asia’s Growth Outlook

The Asian Development Bank downgraded its growth projections citing challenging global environment. In the Asian Development Outlook 2019 Supplement, released Wednesday, the lender said developing Asia will grow 5.2 percent in both 2019 and 2020. The projection for 2019 was Read More →

U.S. Productivity Dips Slightly Less Than Originally Estimated In Q3

Revised data released by the Labor Department on Tuesday showed U.S. labor productivity dipped by slightly less than originally estimated in the third quarter. The report said labor productivity edged down by 0.2 percent in the third quarter compared to Read More →