Monthly archive February, 2024

Existing home sales in the U.S. saw a significant rebound in the month of January, according to a report released by the National Association of Realtors on Thursday. NAR said existing home sales jumped by 3.1 percent to an annual Read More →

The U.S. dollar turned in a subdued performance on Thursday despite some strong economic data, and prospects of the Federal Reserve holding interest rates higher in the near-term.Original Article Read More →

Sentiment among German companies rose moderately in February due to less pessimism regarding the outlook signaling that the economy is stabilizing at a low level, survey data from the ifo Institute showed Friday. The ifo business climate index rose to Read More →

The German economy contracted at the end of the year on weaker investment, revised data from Destatis showed on Friday. Gross domestic product slid 0.3 percent sequentially in the three months to December after stagnating in the third quarter. The Read More →

European Central Bank policymakers agreed in their meeting late January that it was premature to discuss interest rate cuts now which could derail the return of inflation to the 2 percent target, minutes of the policy session held on January Read More →

With risks to the outlook for inflation still seen as tilted slightly to the upside, the minutes of the Federal Reserve's latest monetary policy meeting revealed most officials remain wary of cutting interest rates "too quickly."Original Article Read More →