U.S. Dollar Continues To Show A Lack Of Direction
Extending the lackluster performance seen earlier in the week, the value of the U.S. dollar has continued to show a lack of direction on Wednesday.Original Article Read More →
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Monthly archive August, 2022
South Korea Industrial Production Declines 1.3% In July
Industrial output in South Korea fell a seasonally adjusted 1.3 percent on month in July, Statistics Korea said on Wednesday.Original Article Read More →
UK Credit Card Borrowing Rises At Fastest Pace Since 2005
UK credit card borrowing increased the most since 2005 as the cost of living crisis deepens, data published by the Bank of England showed Tuesday. Consumers borrowed an extra GBP 740 billion in July on their credit cards. This was Read More →
U.S. Personal Income, Spending Edge Modestly Higher In July
The Commerce Department released a report on Friday showing U.S. personal income increased by much less than expected in the month of July. The report showed personal income edged up by 0.2 percent in July after climbing by an upwardly Read More →
Fed Chair Powell Warns Of ‘Some Pain’ From Higher Interest Rates
In highly anticipated remarks at the Jackson Hole economic symposium on Friday, Federal Reserve Chair Jerome Powell acknowledged the central bank's efforts to combat inflation will cause "some pain" but argued a failure to restore price stability would mean "far Read More →
U.S. Consumer Sentiment Improves Much More Than Previously Estimated In August
Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved by much more than previously estimated in the month of August. The report showed the consumer sentiment index for August was upwardly revised Read More →