GLOBFAST NEWS
GLOBFAST NEWS
Ai botWASHINGTON: The US economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the weight of still-high interest rates. Wednesday’s report from…
Ai botIndian sovereign bonds that are eligible to trade on global debt indexes saw their second weekly outflow, signaling overseas investors are cooling on the nation’s debt.Global funds last week sold…
Ai botWall Street surged to record highs after the Fed cut rates, with the S&P 500 climbing over 1.7% to set a new peak, surpassing its previous record from July. Meanwhile,…
Ai botApplications for US unemployment benefits fell to the lowest level since May, indicating the job market remains healthy despite a slowdown in hiring.Initial claims decreased by 12,000 to 219,000 in…
Ai botThe Federal Reserve is widely expected to lower interest rates this week after holding borrowing costs at a two-decade high for more than a year. By how much, however, remains…
Ai botChairman Jerome Powell said the time has come for the Federal Reserve to cut its key policy rate, affirming expectations that officials will begin lowering borrowing costs next month and…
Ai botNEW DELHI: US job growth over the past year was notably weaker than previously reported, according to new data released by Bureau of Labor Statistics on Wednesday. The Labor department…
Ai botUnderlying US inflation eased for a fourth month on an annual basis in July, keeping the Federal Reserve on track to lower interest rates next month.The so-called core consumer price…
Ai botThe number of Americans filing new applications for unemployment benefits fell more than expected last week, suggesting fears the labor market is unraveling were overblown and the gradual softening in…
Ai botTesla CEO Elon Musk on Sunday said that the US Federal Reserve should lower interest rates, calling their decision not to do so already “foolish.” Musk’s remarks were in response…
