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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

recession

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Business / Economics

US consumer inflation falls ahead of Fed interest rate decision

      By Daniel AVIS     Fresh US consumer inflation data published Wednesday is unlikely to sway the Federal Reserve's plans to leave its key lending rate unchanged, but could alter how many rate cuts policymakers pencil in for this year. The annual consumer price index (CPI) came in at 3.3 percent in May, down 0.1 percentage point from April, the Labor Department said in a statement -- […]

todayJune 12, 2024 21

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Business / Economics

Japan and the United Kingdom enter recession

Two of the world's leading economies - Japan and the United Kingdom - recently entered into recession, highlighting the financial struggles that countries have been facing after the COVID-19 pandemic. We asked Salomei Hei the Managing Director at High Economic Intelligence for his take on global economic development.

todayFebruary 19, 2024 16

World

Asian markets drop as traders temper rate cut bets

Stocks fell Tuesday, extending the sell-off seen on Wall Street, with analysts warning November's rally fuelled by bets on interest rate cuts may have gone too far, forcing traders to take a step back. Markets surged last month as data pointing to slowing inflation and softer job markets combined with a dovish turn by Federal Reserve officials to stoke expectations they will next year begin loosening monetary policy. Those hopes […]

todayDecember 5, 2023 3

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