Monthly archive January, 2021

First-time claims for U.S. unemployment benefits climbed by much more than expected in the week ended January 9th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims rose to 965,000, an increase Read More →

A report released by the Labor Department on Thursday showed U.S. import and export prices both increased by more than expected in the month of December. The Labor Department said import prices climbed by 0.9 percent in December after edging Read More →

European Central Bank policymakers were concerned that the resurgence in the coronavirus pandemic that has led to restoration of lockdown in several countries could prolong the economic crisis, minutes of the latest policy session showed on Thursday.Original Article Read More →

After exhibiting some weakness in the Asian session, the U.S. dollar rebounded smartly Thursday morning, but fell again and stayed weak thereafter as Fed Chair Jerome Powell said the bank will not hike interest rates anytime soon.Original Article Read More →

Food prices in New Zealand jumped 2.9 percent on year in December, Statistics New Zealand said on Friday - accelerating from 2.6 percent in November.Original Article Read More →

Reflecting a spike in gasoline prices, the Labor Department released a report on Wednesday showing U.S. consumer prices increased in line with economist estimates in the month of December. The report said the consumer price index rose by 0.4 percent Read More →