India's economy expanded by just 5.4% in its second fiscal quarter ending September, well below estimates by economists and close to a two-year low. The print follows 6.7% growth over the previous quarter and is the lowest reading since the last quarter of 2022. Economists polled by Reuters had forecast growth of...
Fed’s preferred inflation gauge rises to 2.3% annually, meeting expectations
Inflation edged higher in October as the Federal Reserve is looking for clues on how much it should lower interest rates, the Commerce Department reported Wednesday. The personal consumption expenditures price index, a broad measure the Fed prefers as its inflation gauge, increased 0.2% on the month and showed...
Trump’s proposed tariff increases would boost inflation by nearly 1%, Goldman Sachs estimates
President-elect Donald Trump speaks at the U.S.-Mexico border on August 22, 2024 south of Sierra Vista, Arizona. Rebecca Noble | Getty Images News | Getty Images The latest tariff proposal from President-elect Donald Trump would likely put upward pressure on inflation in the United States, according to Goldman Sachs....
Germany’s inflation surges to 2.4% as it narrowly skirts a technical recession
Passers-by walk in the pedestrian zone of the Bavarian capital. Peter Kneffel | Picture Alliance | Getty Images Germany's inflation surged to 2.4% in October, back above the European Central Bank's 2% target, even as the country narrowly avoided a technical recession in the third quarter. The preliminary print,...