Tag: Recession
US weekly jobless claims edge up; mid-Atlantic factory activity slumps
WASHINGTON: The number of Americans filing new claims for unemployment benefits increased moderately last week, suggesting the labor market was gradually slowing as the Federal…
ASSOCHAM: Halt more rate hikes: ASSOCHAM to RBI
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) should halt any more hikes in lending rates according to newly appointed President…
US manufacturing near three-year low; casts a shadow over economy
WASHINGTON: US manufacturing activity slumped in March to the lowest level in nearly three years as new orders plunged, and analysts said activity could decline…
US weekly jobless claims still low; corporate profits fall in Q4
WASHINGTON: The number of Americans filing new claims for unemployment benefits rose moderately last week, showing no signs yet that tightening credit conditions were having…
US revises down last quarter’s economic growth to 2.6% rate
WASHINGTON: The US economy maintained its resilience from October through December despite rising interest rates, growing at a 2.6% annual pace, the government said Thursday…
US home sales bounce in February, ending 12-month slide
WASHINGTON: Sales of existing homes in the United States made their biggest monthly jump since 2020 in February, ending a year of declines according to…
India inflation: Retail inflation high, core inflation defying softening of input costs: RBI Bulletin
Flagging concerns around sticky retail inflation, the Reserve Bank of India on Tuesday in its monthly bulletin said that the consumer price inflation in India…
Global economy: Boom, bust or a bit of both: US, global economies are a confounding mix
Dana Peterson, the chief economist at the Conference Board, sees a clear conclusion in the sharp decline of the U.S. business group’s Leading Economic Index:…
sitharaman: Sitharaman highlights rising debt vulnerabilities in developing countries at G20, seeks multilateral coordination
Finance Minister Nirmala Sitharaman on Friday highlighted rising debt vulnerabilities in many developing countries and sought views from G20 member nations on ‘multilateral coordination’ for…
US weekly jobless claims fall; monthly producer prices rebound
WASHINGTON: The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, offering more evidence of the economy’s resilience despite tighter monetary…