Monthly archive July, 2022

The University of Michigan released revised data on Friday showing consumer sentiment in the U.S. rebounded by slightly more than initially estimated in the month of July. The report showed the consumer sentiment index for July was upwardly revised to Read More →

The U.S. dollar firmed against its major counterparts in the European session on Friday, as the Federal Reserve's preferred measure of core inflation accelerated in the month of June, sparking hopes that the central bank will continue its tightening cycle Read More →

The U.S. dollar fell in the Asian session on Friday, and after rebounding smartly on data showing an acceleration in the pace of consumer price growth in the U.S., retreated amid speculation the Fed might slow down the pace of Read More →

The German economy stagnated in the second quarter as growth in household and government spending was offset by the weaker foreign trade, official data showed on Friday. Gross domestic product remained flat in the second quarter, following a revised growth Read More →

After reporting modest increases in first-time claims for U.S. unemployment benefits over the three previous weeks, the Labor Department released a report on Thursday showing a slight pullback in initial jobless claims in the week ended July 23rd.Original Article Read More →

In a widely anticipated move, the Federal Reserve on Wednesday announced its decision to raise interest rates by 75 basis points. The Fed said it decided to raise the target range for the federal funds rate to 2.25 to 2.50 Read More →