Monthly archive September, 2022

Russia's central bank lowered its key rate by a half-percentage point on Friday, after delivering sharp reductions since April. The Board of Directors of Bank of Russia decided to reduce the benchmark rate by 50 basis points to 7.50 percent Read More →

A report released by the University of Michigan on Friday showed a modest improvement in U.S. consumer sentiment in the month of September. The University of Michigan said its consumer sentiment index inched up to 59.5 in September from 58.2 Read More →

A report released by the Commerce Department on Thursday showed U.S. business inventories increased by less than expected in the month of July. The Commerce Department said business inventories rose by 0.6 percent in July after surging by 1.4 percent Read More →

Reflecting another sharp decline in energy prices, the Labor Department released a report on Wednesday showing a modest decrease in U.S. producer prices in the month of August.Original Article Read More →

UK consumer price inflation slowed slightly in August from a 40-year high on a fall in fuel prices, figures from the Office for National Statistics showed Wednesday. Consumer price inflation unexpectedly slowed to 9.9 percent in August from 10.1 percent Read More →

The U.S. dollar gained ground against its major counterparts in the New York session on Tuesday, as U.S. consumer inflation rose unexpectedly in the month of August, supporting expectations that the Federal Reserve will stick with a 75 basis-point rate Read More →