Monthly archive December, 2023

The U.S. dollar shed ground against its major counterparts on Tuesday with recent data showing a slowdown in inflation reinforcing expectations the Federal Reserve will start reducing interest rates from the first quarter of 2024.Original Article Read More →

UK car manufacturing grew in double-digits in November to record the best outcome for the month in three years as supply chain constraints eased, survey data from the Society of Motor Manufacturers and Traders, or SMMT, showed Friday. Car production Read More →

The UK economic output contracted in the third quarter indicating that the economy is moving into a mild recession towards the end of the year. Gross domestic product shrank 0.1 percent sequentially in the third quarter, which was revised down Read More →

A highly anticipated report released by the Commerce Department on Friday showed consumer price growth in the U.S. slowed by more than expected in the month of November. The report said the annual rate of consumer price growth decelerated to Read More →

Reflecting a significant rebound in orders for transportation equipment, the Commerce Department released a report on Friday showing new orders for U.S. manufactured durable goods surged by much more than expected in the month of November. The report said durable Read More →

The U.S. dollar shed its value against its major counterparts on Friday after data showing a slower than expected increase in the Federal Reserve's preferred measure of inflation raise hopes the central bank will start cutting interest rates early next Read More →