Monthly archive September, 2022

The UK budget deficit exceeded the official estimate in August, despite a notable increase in tax revenue, as high inflation raised the debt servicing costs, data published by the Office for National Statistics revealed Wednesday. Public sector net borrowing excluding Read More →

The U.S. dollar firmed against its major counterparts on Tuesday amid bets the Federal Reserve will announce a sharp hike in interest rates at the end of its monetary policy meeting on Wednesday.Original Article Read More →

After climbing higher amid rising speculation the Federal Reserve and several other central banks will aggressively hike interest rates to fight inflation, the U.S. dollar pared gains with traders turning slightly cautious.Original Article Read More →

The Federal Reserve released a report on Thursday unexpectedly showing a modest decrease in U.S. industrial production in the month of August. The report said industrial production edged down by 0.2 percent in August after climbing by a downwardly revised Read More →

China's industrial output grew more than expected in August as companies ramped up production following the relaxation of pandemic-related restrictions and the pent-up demand boosted retail sales, official data showed Friday. Industrial production growth accelerated to 4.2 percent from 3.8 Read More →

UK retail sales declined more than expected in August as the cost of living crisis weighed on consumer spending, official data showed Friday. The retail sales volume declined 1.6 percent month-on-month, in contrast to July's revised 0.4 percent increase, the Read More →