Improving Inflation Data Boosts Global Market Sentiment
Category: Economy Total Views: 184By : Ryan Hughes Updated: 07-27-2024
Global Stocks Rebound After Four-Day Decline
Friday's global stocks show a notable comeback, the first increase in four sessions. Following a dramatic selloff, this recovery found equities stable among bettering economic signals. Data showing a small rise in the personal consumption expenditures (PCE) price index were published by the Commerce Department. Last month this index—a Federal Reserve preferred inflation gauge—rose 0.1%. The statistics implied a possible ... Read More
Future Economic Outlook: Potential Downshift Ahead
Category: Economy Total Views: 52By : Riley Hayes Updated: 07-26-2024
U.S. Economy Surpasses Expectations with Strong Q2 Growth
The second quarter's U.S. economy expanded faster than expected. Gains in consumer spending and business investment drove this increase. The GDP showed a 2.8% annualized rise according to the Commerce Department's report. This outpaced economists' 2.0% projection. Growth in the first quarter was just 1.4%. This good performance allayed worries about the sudden stop of the economic growth. Though there was past s... Read More
Private Sector Employment Rises Despite Slower Momentum
Category: Economy Total Views: 104By : Dylan Bailey Updated: 07-24-2024
U.S. Business Activity Hits 27-Month High in July
July's 27-month high in U.S. business activity suggests strong economic momentum. Rising from 54.8 in June to 55.0, the flash U.S. Composite PMI Output Index from S&P Global Since April 2022 this is the highest level. Tracking both manufacturing and services, the index has a reading above 50 suggesting growth. Driven by notable increases in the services sector, this consistent increase points to robust private sector expans... Read More
The Great Resignation 2.0: Workforce Shift by End of 2024
Category: Economy Total Views: 74By : Addison Perry Updated: 07-21-2024
The Great Resignation 2.0: An Imminent Workforce Shift
The Great Exodus 2.0 looms since by the end of 2024 almost three in ten employees are expected to be leaving their jobs. Based on a Resume Builder poll, which revealed that 28% of 1,000 full-time employees want to leave their present jobs, this projection is This movement reflects the post-pandemic wave when 47 million Americans leave their employment in 2022. Particularly those between the ages of 18 and 34, younger employees... Read More
UK Services Inflation Stays High, Influenced by Wage Growth
Category: Economy Total Views: 73By : Hannah Lewis Updated: 07-17-2024
UK Inflation Holds Steady at 2% in June
In June, British inflation stayed at 2%, against predictions of a minor dip. Strong underlying price pressures stopped economists' projected drop to 1.9%. As it decides whether to change interest rates in the next weeks, the Bank of England (BoE) is under increasing criticism now. The constant inflation rate suggests ongoing economic difficulties even with past policies meant to lower it. Particularly with reference to possible interest ... Read More