Global economy faces decade of weak growth, warns IMF chief
Kristalina Georgieva calls for measures to boost productivity and lower debt to avoid ‘tepid twenties’ era (Source: Reuters: Health)
Source: Reuters: Health - April 11, 2024 Category: Consumer Health News Source Type: news
Wholesale inflation jumps to highest level since April 2023
Inflation at the wholesale level gained steam in March, the latest sign that price pressures within the economy remain uncomfortably high and difficult to tame. The Labor Department said Thursday that its producer price index, which measures before it reaches consumers, rose 0.2% in March from the…#labordepartment #federalreserve (Source: Reuters: Health)
Source: Reuters: Health - April 11, 2024 Category: Consumer Health News Source Type: news
Fed's Williams still expects rate cuts'starting this year' despite'bumps along the way '
New York Fed president John Williams offered some reassurances to investors a day after another hot inflation reading spooked markets, saying it will make sense to cut rates gradually "starting this year" if the economy proceeds as expected. "I expect inflation to continue its gradual return to 2…#johnwilliams #jaypowell #yahoofinance (Source: Reuters: Health)
Source: Reuters: Health - April 11, 2024 Category: Consumer Health News Source Type: news
OPEC sees robust summer oil demand, economic upside potential
OPEC on Thursday predicted robust fuel use in the summer months and stuck to its forecast for relatively strong growth in global oil demand in 2024, while saying there was a chance the world economy could do better than expected this year. The Organization of the Petroleum Exporting Countries, in…#opec #middleeast (Source: Reuters: Health)
Source: Reuters: Health - April 11, 2024 Category: Consumer Health News Source Type: news
Kenya: Kisumu County to Withdraw Pay for Medics On Strike
[Capital FM] Kisumu -- Kisumu Governor Anyang Nyong'o has directed the County Public Service Board to henceforth stop payment of salaries to the striking doctors. (Source: AllAfrica News: Health and Medicine)
Source: AllAfrica News: Health and Medicine - April 11, 2024 Category: African Health Tags: Economy, Business and Finance East Africa Health and Medicine Kenya Labour Source Type: news
China consumer price growth slows, renewing deflation fears
SHANGHAI -- China's consumer prices rose at a slower pace and the decline in producer prices widened in March, renewing concerns about deflationary pressure in the world's second-largest economy. Figures released by the National Bureau of Statistics on Thursday showed prices for consumer goods…#shanghai (Source: Reuters: Health)
Source: Reuters: Health - April 11, 2024 Category: Consumer Health News Source Type: news
Enough altcoins: Let ’s integrate blockchain into the real economy
How many new Web3 solutions have you encountered recently? What was their value proposition? Most likely it was transaction scalability, fee reduction, speed optimization, or a new token for yet another payment system. It almost seems that the blockchain industry is stuck in a Groundhog Day of…#bitcoincash #monero #zcash #layer2 #tokens #ponzi #dapps #dogecoin #ethereum #metamask (Source: Reuters: Health)
Source: Reuters: Health - April 11, 2024 Category: Consumer Health News Source Type: news
Asian stocks retreat amid US, China CPI jitters
Investing.com-- Most Asian stocks fell on Thursday, tracking overnight declines on Wall Street after hotter-than-expected U.S. inflation eroded bets on early interest rate cuts by the Federal Reserve. Inflation data from China also showed Asia’s largest economy remained stuck in a sustained…#federalreserve #losses #hongkongs #australian #southkoreas (Source: Reuters: Health)
Source: Reuters: Health - April 11, 2024 Category: Consumer Health News Source Type: news
China consumer price growth slowed in March, renewing deflation fears
SHANGHAI -- China's consumer prices rose at a slower pace and the decline in producer prices widened in March, renewing concerns about deflationary pressure in the world's second-largest economy. Figures released by the National Bureau of Statistics on Thursday showed prices for consumer goods…#shanghai (Source: Reuters: Health)
Source: Reuters: Health - April 11, 2024 Category: Consumer Health News Source Type: news
China consumer prices edge higher
Figures underline challenges facing the world’s second-largest economy (Source: Reuters: Health)
Source: Reuters: Health - April 11, 2024 Category: Consumer Health News Source Type: news
Fed officials worried inflation progress is stalling, meeting minutes show
Federal Reserve officials raised concerns during their March policy-setting meeting that price pressures within the economy were heating up again, even before the government reported that inflation accelerated again last month. Minutes from the U.S. central bank's March meeting released Wednesday…#federalreserve #cmegroup #fedwatch #seemashah (Source: Reuters: Health)
Source: Reuters: Health - April 10, 2024 Category: Consumer Health News Source Type: news
March ’s Hot Inflation Report is a Political Blow to Biden
President Biden said on Wednesday that he still expected the Federal Reserve would cut interest rates this year despite a re-acceleration in price growth across the economy, though he said new data suggested that cut might be pushed to later in the year. “I do stand by my prediction that before…#federalreserve #kishidafumio #donaldjtrump (Source: Reuters: Health)
Source: Reuters: Health - April 10, 2024 Category: Consumer Health News Source Type: news
Milei, the president of cash-strapped Argentina, starts another US tour and plans to meet Elon Musk
BUENOS AIRES, Argentina (AP) — President Javier Milei of Argentina kicked off a visit Wednesday to the United States, where he'll meet with tech billionaire Elon Musk, as his government seeks an infusion of cash to overhaul Argentina's embattled economy. The populist president started his four-day…#buenosaires #argentina #javiermilei #elonmusk #miami #jewish #orthodox #tesla #milei #argentine (Source: Reuters: Health)
Source: Reuters: Health - April 10, 2024 Category: Consumer Health News Source Type: news
Housing market remains ‘stagnant’ as rates surge due to hotter-than-expected inflation, Rocket CEO says
The U.S. economy is still hot, which means that the real-estate industry will face headwinds in the coming months due to higher mortgage rates. (Source: Reuters: Health)
Source: Reuters: Health - April 10, 2024 Category: Consumer Health News Source Type: news
Jim Cramer Weighs In On Fed's Interest Rate Cut Plans:'Don't Hold Your Breath. This Economy Doesn't Need Them '
Jim Cramer analyzed the recent nonfarm payroll report and emphasized the strength of the economy, advising investors not to anticipate swift rate cuts from the Federal Reserve. What Happened: According to Cramer, the monthly nonfarm payroll report contains the most critical government data, CNBC…#jimcramer #federalreserve #nonfarm #peterschiffsees #jamiedimonsinflation #mohamedelerian #economicadviser #allianz #federalreserves #robertkiyosaki (Source: Reuters: Health)
Source: Reuters: Health - April 10, 2024 Category: Consumer Health News Source Type: news
