Economy

Bank of Italy Views Government’s 1% 2024 GDP Target as Difficult to Achieve – Reuters

By Giuseppe Fonte ROME – The Italian government’s goal of achieving 1% economic growth this year has become more challenging…

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Milton Upgraded to Category 5 Hurricane, According to US NHC – Reuters

Hurricane Milton Intensifies to Category 5 Hurricane Milton has rapidly intensified to a category 5 status, according to the U.S.…

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Fed Rate Hike Expectations Delayed 6 Months Due to Weak Data

Financial markets adjusted their expectations on Friday, delaying the anticipated normalization of monetary policy by the Federal Reserve by six…

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Global Monetary Policies Remain Accommodative, Fed Minutes Under Review By Reuters

By Ross Finley LONDON – The delicate balance between an aggressive global monetary policy and a struggling world economy, combined…

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U.S. Third-Quarter GDP Expected to Slow to 2.43 Percent, According to N.Y. Fed

New York Federal Reserve Adjusts Economic Growth Forecast NEW YORK (Reuters) – The New York Federal Reserve announced on Friday…

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Russia Indicates Lowering of Remaining Tariffs Amid Dispute with EU Soon, Says Reuters

Russia has recently made significant adjustments to its tariffs, addressing key issues in its ongoing conflict with the European Union,…

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Atlanta Fed Lowers U.S. Third-Quarter GDP Forecast to 3.5 Percent, Reports Reuters

U.S. Economy Forecast The U.S. economy is projected to grow at an annualized rate of 3.5 percent in the third…

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Inflation Concerns Persist as Fed’s Logan Reaffirms 2% Target

Lorie Logan, the President of the Dallas Federal Reserve, has voiced ongoing concerns about the current inflation rate, which is…

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Bank of America Data Shows Rise in 401(k) Hardship Withdrawals Due to Inflation

Bank of America has reported a notable rise in early access to retirement savings through 401(k) plans, a trend largely…

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US Hard-Landing Narrative May Resurface: Macquarie

Analysts at Macquarie have indicated that while the strong employment report for September has reignited the narrative of “American exceptionalism,”…

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