Thursday, October 5, 2023

Finance News

U.S. CPI Rose in July

The U.S. Consumer Price Index (CPI) rose 0.2% in July compared to the previous month, with the 12-month cumulative annual growth rate of 3.2%, up 0.2% point from 3.0% in June, the U.S. Department of Labor said on the 10th....

ECB Raised Interest Rate by 0.25%p

The European Central Bank (ECB) raised its interest rate rate by 0.25 percentage points (p) as expected. It is the ninth consecutive increase. However, leaving options open on whether to raise interest rates further in September, suggesting that the ECB...

US Consumer Confidence Index Hit 2 Year High

The U.S. consumer confidence index hit a two-year high in July amid eased inflation and the U.S. economy showing resilience despite high interest rates. According to the Associated Press on the 25th (local time), the U.S. Conference Board announced that...

US Inflation Slowdown is Steeping

There are a series of indicators that the slowdown in inflation in the U.S. is getting steep. The U.S. Department of Labor announced on the 13th (local time) that the Producer Price Index (PPI) rose 0.1% in June from the...

Oil Prices Hit New High in 70 Days

With the U.S. Energy Information Administration (EIA) predicting that global crude oil supply will fall slightly short of demand this year, international oil prices hit a new high in more than 70 days. According to Reuters and Bloomberg on the...

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