Monthly archive November, 2022

The UK economy contracted for the first time in six quarters in the three months ended September, which is likely to be the beginning of a prolonged recession as projected by the Bank of England. Gross domestic product shrank 0.2 Read More →

The U.S. dollar traded weak against its major rivals on Friday, continuing to slide amid hopes the Federal Reserve will slow down the pace of its monetary tightening in the coming months.Original Article Read More →

The University of Michigan released preliminary data on Friday showing U.S. consumer sentiment has pulled back much more than expected in November after seeing modest improvements in recent months. The report showed the consumer sentiment index slumped to 54.7 in Read More →

The U.S. dollar turned weak against its major counterparts on Thursday after data showed consumer prices in the U.S. rose less than expected in October, raising hopes the Federal Reserve will slow the pace of monetary tightening in the coming Read More →

Industrial production from Italy is due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, Statistics Norway is set to publish consumer and producer prices for October. Consumer price inflation is seen at 7.1 Read More →

Wholesale inventories in the U.S. increased by less than expected in the month of September, according to a report released by the Commerce Department on Wednesday. The Commerce Department said wholesale inventories rose by 0.6 percent in September after surging Read More →