Monthly archive April, 2022

A report released by the Commerce Department on Thursday showed a continued surge in U.S. business inventories in the month of February. The Commerce Department said business inventories shot up by 1.5 percent in February following an upwardly revised 1.3 Read More →

After reporting an unexpected contraction in New York manufacturing activity in the previous month, the Federal Reserve Bank of New York released a report on Friday showing a substantial rebound in activity in the month of April.Original Article Read More →

Partly reflecting a spike in the output of motor vehicles and parts, the Federal Reserve released a report on Friday showing U.S. industrial production increased by much more than expected in the month of March.Original Article Read More →

The U.S. dollar gained against most of its major counterparts on Thursday after European Central Bank chief Christine Lagarde avoided saying exactly when the bank would raise interest rates.Original Article Read More →

European Central Bank President Christine Lagarde confirmed on Thursday that asset purchases would end in the third quarter, but avoided saying exactly when the bank would raise interest rates, as the economic outlook remains clouded with high uncertainty stemming from Read More →

South Korea's central bank unexpectedly lifted its key interest rate on Thursday, as inflation is expected to remain high for some time. The Monetary Policy Board of the Bank of Korea decided to hike the Base Rate by 25 basis Read More →