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The Atlanta Fed's GDPNow Tool model, which incorporates data from the current quarter to project GDP, estimates the US economy will have grown at an annualized rate of 2.6% in the fourth quarter.
The latest consumer price figures have unnerved economists and the financial markets because they suggest that strong consumer spending, solid job gains and a falling unemployment rate could ...
Meanwhile, Roubini, who sees the S&P 500 returning "single digits" this year under "moderate" Trump policies, warns that "bad policies" could force the Fed to stay on hold — a move that could ...
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The latest data from the Bureau of Labor Statistics released Tuesday underscored some of these labor market trends, with the hiring rate holding steady at 3.4%, well below its 2022 peak of 4.6% ...
International Criminal Court Prosecutor Karim Ahmad Khan becomes the first person to have economic and travel sanctions placed on him by the U.S. government following an executive order signed by U.S. President Donald Trump intended to target the war crimes tribunal over investigations of U.S. citizens or allies. (The Times of Israel) Politics ...
The economy was further strained by a currency crisis caused by a series of rate cuts by the central bank; the Turkish lira lost 44% of its value against the dollar in 2021. [132] By August 2022, Turkey's inflation rate was 80.21%.
Coin exchange crisis of 692.Byzantine emperor Justinian II refuses to accept tribute from the Umayyad Caliphate with new Arab gold coins for fear of exposing double counting in the Byzantine financial system (actual weight less, than nominal quantity), which leads to the Battle of Sebastopolis and the revolt of taxpayers who burned financial officials in a copper bull.
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