TAG: US economy
Gold prices down $100 from record-high on uptick in US Treasury yields; Q1GDP lowers Fed rate cut hopes
Gold prices today: The yellow metal trimmed gains on Thursday, April 25, as US Treasury yields rose after gross domestic product (GDP) data showed signs of persistent core inflation, which in turn, lowered expectations of the Federal Reserve cutting inte...
5 months ago
US retail inflation falls to 2.9% in July
US consumer prices rebounded as expected in July, but the trend remained consistent with subsiding inflation and did not change expectations that the Federal Reserve will cut interest rates next month.The consumer price index increased 0.2% last month aft...
2 months ago
Why 818,000 fewer jobs signal a healing economy. Don’t panic
There was a lot of commotion Wednesday about an obscure — at least to non-economists — labour data revision that, on the face of it, showed 818,000 fewer nonfarm jobs in America than previously thought. To put this annual exercise in context and allay som...
1 month ago
US stocks bounce after last week's losses
Wall Street stocks bounced early Monday in a positive sign after last week's losses as markets awaited key inflation data and an Apple iPhone launch.The pullback last week came amid concerns over a slowing US economy exacerbated by seasonal dynamics with...
1 month ago