Fed bond buying reduced to $65 billion per month
The Federal Open Market Committee (FOMC), the Federal Reserve’s policy-making committee, says today that it will reduce its bond purchases in February from the...
Widening wealth gap a growing global problem
The widening wealth gap – the difference in incomes between the richest and poorest individuals - is a risk that has the potential to...
Global deflation is rising risk, says IMF’s Christine Lagarde
Even though things look promising for the world economy, global inflation is a rising risk, IMF Managing Director Christine Lagarde warned in Washington D.C....
Eurozone inflation fell to 0.8% in December
The Eurozone’s inflation rate dropped to 0.8% in December, 2013, from 0.9% the month before, according to Eurostat, the European Union’s statistical agency.
This...
2014 may be good year for US economy, Bernanke
2014 should be a good year for the US economy as the worst effects of the housing crash wane and Washington’s fiscal tightening eases,...
US Leading Economic Index rose in November
The US Leading Economic Index rose to 98.3 in November (2004 = 100), an increase of 0.8% from October, which had increased by 1%...
UK economy growing faster than expected, but deficit high
The UK economy is growing faster than expected, in spite of fears that underlying weaknesses still linger.
According to the Office for National Statistics, UK...
US GDP growing 4.1% annually
US GDP grew at 4.1% annual rate during the third quarter of 2013, according to a third estimate released by the Bureau of Economic...
The European economy going into 2014
The Eurozone banking union deal gives the European economy a positive ending to 2013. According to The Conference Board, the deal will help the...
December Chinese manufacturing slips to three month low
December Chinese manufacturing slipped to 50.5 compared to 50.8 November, according to a new HSBC/Markit Flash China Manufacturing PMI (Purchasing Managers’ Index) released to today.
The...