Monthly archive August, 2022

The UK economy logged only a marginal contraction in the second quarter despite the challenges posed by the rising interest rates and high inflation that is squeezing real income. Gross domestic product shrank 0.1 percent from the first quarter, when Read More →

Reflecting a sharp pullback in prices for fuel imports, the Labor Department released a report on Friday showing U.S. import prices fell by more than expected in the month of July. The Labor Department said import prices slumped by 1.4 Read More →

The U.S. dollar climbed higher against its major counterparts on Friday after comments from some Fed officials suggested the central bank might continue hiking rates in the coming months to fight inflation.Original Article Read More →

The U.S. dollar shed ground against other major counterparts on Thursday, continuing to slide with markets assessing the inflation data.Original Article Read More →

The U.S. dollar drifted lower against its major rivals on Wednesday as data showing the nation's consumer inflation slowed more than expected in July, raising speculation that the central bank will be less aggressive with regard to interest rate hike Read More →

A report released by the Commerce Department on Wednesday showed a continued surge in U.S. wholesale inventories in the month of June. The Commerce Department said wholesale inventories shot up by 1.8 percent in June after leaping by an upwardly Read More →