After two consecutive months of declines, US retail sales increased in January for the first time in nearly two years as consumers increased their purchases of automobiles and other goods, demonstrating the economy's ongoing resilience despite higher borrowing costs.   The Federal Reserve...

The euro area's gross domestic product (GDP) dynamics are still positive. According to Reuters, which used data from Eurostat, the figure had increased by 0.1 percent from the previous quarter (up 1.9 percent annually) by the end of 2022. The information matched statisticians' early prediction from...

According to the majority of economists surveyed by Reuters, who predict no reduction in interest rates by year's end, the US Federal Reserve will increase interest rates at least twice more in the upcoming months, with the possibility that they will rise even further.   Due to the majority...

According to Bloomberg, the American maple syrup industry is under threat from warm winters. American producers are forced to relocate further north as a result of global warming. The maple syrup business in Canada, however, can only gain from climate change. Canada and the northern United States,...

Due to the amount of private and public debt in the eurozone, the European Central Bank (ECB) must avoid raising real interest rates too high, according to a top Italian policymaker.   Ignazio Visco, governor of the Bank of Italy and a member of the ECB Governing Council, added that he...

The US government published a $39 billion budget deficit in January, down from a $119 billion monthly surplus the previous year, as revenues fell and one-time costs, such as the bailout of a union pension fund, pushed outlays sharply higher, according to the Treasury Department on Friday.  ...

A stronger-than-expected US jobs report sparked worries that the Federal Reserve would keep policy rates higher for longer than expected, leading to the first weekly outflow in five weeks for global equity funds.   In the week leading up to February 8, according to Refinitiv Lipper data,...

Factory gate prices in China for January dropped more than economists anticipated, indicating that upstream industries are not yet strong enough to rekindle the domestic demand that briefly stoked consumer prices after the zero-COVID policy ended.   Even though manufacturing activity...

The largest US bank, JPMorgan Chase & Co., warned against prematurely claiming victory over inflation and warned that the Federal Reserve could raise interest rates above the 5% level if higher prices proved to be "sticky."   Dimon issued the warning after Federal Reserve officials...