Monthly archive October, 2022

Euro area inflation advanced to a historic high in October, while growth slowed, posing a tough time for the European Central Bank that is trying to balance the risk of recession and the persistently high inflationary pressures. Inflation accelerated to Read More →

Revised data released by the University of Michigan on Friday showed U.S. consumer sentiment improved by slightly more than originally estimated in the month of October. The report showed the consumer sentiment index for October was upwardly revised to 59.9 Read More →

The National Association of Realtors released a report on Friday showing pending home sales in the U.S. plunged by much more than expected in the month of September. NAR said its pending home sales index tumbled by 10.2 percent to Read More →

The U.S. dollar climbed higher on Friday, extending its uptick from the previous session, a data showed inflationary pressures remained high, raising expectations the Fed will announce another sharp hike in interest rate next week.Original Article Read More →

Germany's consumer price inflation accelerated faster than expected in October to set a new record, as the biggest euro area economy heads into a recession, adding more pressure on the European Central Bank policymakers who have signaled more interest rate Read More →

The U.S. dollar climbed higher against its major counterparts on Thursday, rebounding from recent losses, after data showed U.S. economic activity rebounded by slightly more than expected in the third quarter following two straight quarters of contraction.Original Article Read More →