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1 day ago · The first estimate of 4Q real GDP came in at +2.3% annualized, a figure below consensus and the FRB Atlanta estimate. Real final domestic demand was stronger at +3.1%, as solid consumer spending and government activity helped offset headwinds in fixed business investment and inventory building.

1 day ago · The recent communications from major central banks suggest a careful stance as global uncertainties persist. The Fed, ECB, and BCB have all signaled that future policy moves will depend on evolving economic indicators and political developments. As traders watch markets react, their decisions remain ...

Jan 4, 2025 · A few days ago, the dollar reached a two-year high against the euro and an eight-month high against the sterling, following data on the US economy and the willingness of investors to invest huge amounts of money in this country. The pound, which was the leader last year, experienced a decline, just ...

Jan 21, 2025 · Rebeca Riddel reacts. Rebeca Riddel from Oxfam is one of those who is outraged by this state of affairs, believing that this kind of inequality can only create even bigger problems. "It is an unimaginable amount. This extreme inequality is nothing to celebrate," said Rebecca Riddel of Oxfam.

Dec 14, 2024 · The controversial Argentine president introduced free trade in the country, and Argentina has a budget surplus after more than a century. President Milei and the government hope that the new laws, which offer investors decades of tax and customs relief, will quickly attract capital and curb the recession.

Dec 9, 2024 · Some of the Fed's hawks may be starting to chafe. The recent slowdown in the pace of US disinflation, a lower US unemployment rate than anticipated in September, exuberance in US financial markets, and the inflation that may emerge from the next administration's policies mean that while the Fed will cut next week, the Fed's consensus (median) will be to tilt the outlook in a more hawkish ...

Jul 25, 2024 · Background of the crisis. The deficit widened instead of narrowing, and Brazil's debt-to-GDP ratio rose again. In particular, the carefully monitored and targeted primary deficit (as a share of GDP) moved away from the fiscal framework target of -0.25% for 2024.

Aug 30, 2024 · Meanwhile, households in the 0.1% to 1% range have lost some ground, with their share dropping from 18% pre-COVID to below 17%. Similarly, those in the top 1% to 10% have also seen a decline, holding about 37% of national wealth, down from 40% before the pandemic.

Aug 12, 2024 · Since March 2022, when the United States and the European Union imposed a ban on exports of their currencies to Russia, Moscow has managed to obtain as much as $2.3 billion in cash dollars and euros, according to customs data seen by Reuters. These previously unpublished data indicate Russia's ability to circumvent international sanctions, while ensuring continuity in the use of Western ...