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Monthly archive March, 2023

U.S. Leading Economic Index Falls For Eleventh Straight Month In February

The Conference Board released a report on Friday showing its reading on leading U.S. economic indicators declined for the eleventh consecutive month in February. The report said the leading economic index fell by 0.3 percent in February, matching the decrease Read More →

U.S. Consumer Sentiment Unexpectedly Drops In March, Inflation Expectations Dip

Consumer sentiment in the U.S. fell for the first time in four months in March, according to a preliminary report released by the University of Michigan on Friday. The report said the consumer sentiment index slid to 63.4 in March Read More →

European Economic News Preview: Eurozone Final Inflation Data Due

Final consumer prices from the euro area and monetary policy decision from Russia are the major economic news due on Friday. At 3.00 am ET, unemployment data from Sweden is due. At 5.00 am ET, Italy's Istat is set to Read More →

U.S. Import Prices Show First Annual Decrease Since December 2020

A report released by the Labor Department on Thursday showed import prices edged slightly lower in the month of February. The Labor Department said import prices dipped by 0.1 percent in February after falling by a revised 0.4 percent in Read More →

UK Govt Says Economy To Shrink 0.2% This Year But Avoid Technical Recession

The UK economy is set to contract this year yet avoid a technical recession due to the changing global developments and support measures taken by the government, Chancellor Jeremy Hunt said in his budget speech on Wednesday. The Office for Read More →

Dollar Turns In Subdued Performance Against Major Counterparts

The U.S. dollar turned in a subdued performance against its major rivals on Tuesday after data showing a drop in U.S. consumer prices supported expectations for a smaller rate hike by the Federal Reserve this month.Original Article Read More →