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U.S. Service Sector Growth Unexpectedly Slows In March

Service sector growth in the U.S. unexpectedly slowed in the month of March, the Institute for Supply Management revealed in a report released on Wednesday. The ISM said its services PMI dipped to 51.4 in March from 52.6 in February. Read More →

Powell Says Fed Has Time To Let Data Inform Policy Decisions

Federal Reserve Chair Jerome Powell reiterated during remarks at Stanford University on Wednesday that the central bank is not in a hurry to begin lowering interest rates. Powell pointed to higher inflation data over January and February as a reason Read More →

Dollar Turns Weak After Rising To 5-month High

The U.S. dollar turned weak on Tuesday, coming off a near 5-month high, after some Federal Reserve officials indicated three rate cuts by the central bank this year.Original Article Read More →

U.S. Construction Spending Unexpectedly Sees Further Downside In February

Construction spending in the U.S. unexpectedly saw further downside in the month of February, according to a report released by the Commerce Department on Monday. The report said construction spending dipped by 0.3 percent to an annual rate of $2.091 Read More →

World Bank Says Developing East Asia To Log Slower Growth

Amid the increasing protectionism and policy uncertainty, Developing East Asia is expected to log slower growth this year and next but, the pace is likely to be faster than the rest of the world on recovering global trade, the World Read More →

European Economic News Preview: France Inflation Data Due

Inflation figures from France and Italy are the only main news due on Friday while several other major markets remain closed for a public holiday. At 3.45 am ET, France's statistical office INSEE publishes flash inflation, producer prices and household Read More →

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