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Eurozone Q2 Growth Halves, Inflation At 17-Month Low

Euro area expanded at a slower pace in the second quarter and inflation eased to a 17-month low in July, supporting the European Central Bank's view that the single currency economy needs significant stimulus as the outlook is getting "worse Read More →

German Economic Resilience Starts Weakening

Germany's labor market has started to show signs of being hurt by the economic slowdown that is fueled mainly by external factors, and the weaker momentum is reflecting in household spending, suggesting that the domestic resilience in the biggest euro Read More →

Chicago Business Barometer Unexpected Indicates Sharper Contraction In July

MNI Indicators released a report on Wednesday unexpectedly showing a continued contraction in Chicago-area business activity in the month of July. The report said the Chicago business barometer tumbled to 44.4 in July from 49.7 in June, with a reading Read More →

Federal Reserve Lowers Interest Rates By A Quarter Point

In a widely anticipated move, members of the Federal Reserve's Federal Open Market Committee voted Wednesday to lower interest rates by a quarter point. The Fed said it decided to lower the target range for the federal funds rate to Read More →

Dollar Rises To Over 2-year High After Powell Comments

The U.S. dollar rose to a two-year high in late afternoon trades on Wednesday after the Federal Reserve cut interest rate as expected by 25 basis points and its chief Jerome Powell said that the rate cut should not be Read More →

U.S. Private Sector Employment Climbs Slightly More Than Expected In July

A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. increased by slightly more than anticipated in the month of July. ADP said private sector employment climbed by 156,000 jobs in July after rising Read More →