• Congress avoids rail strike that could have further damaged the economy

    (The Center Square) – A railroad shutdown that could have done billions in damage to the economy according to experts was avoided by a Senate vote Thursday. The Senate voted 80 to 15 to approve an agreement that gives rail workers a 24% raise over the next five years. A second bill that would have

    December 3, 2022
  • British Pound (GBP) Outlook – GBP/USD Driven Higher by the US Dollar, Where Next?

    GBP/USD – Prices, Charts, and Analysis Attention is already turning to the mid-December central bank bonanza. Sterling needs to do some work of its own. November NFPs take the edge of GBP/USD. Recommended by Nick Cawley Get Your Free GBP Forecast Most Read: British Pound Latest – GBP/USD Prints a Fresh Multi-Month High The financial

    December 3, 2022
  • US economy added a robust 263,000 jobs in November

    Minneapolis CNN Business  —  The US economy added 263,000 jobs in November, defying aggressive action from the Federal Reserve to cool the economy and bring down decades-high inflation. The unemployment rate held steady at 3.7%, according to the Labor Department, which released the latest monthly jobs snapshot on Friday morning. Economists surveyed by Refinitiv had

    December 3, 2022
  • Global economy must start bracing for low inflation: Ex-RBI chief Rajan

    The global economy could go back to a low inflation regime and central bankers pursuing restrictive monetary polices should keep that in mind, said Raghuram Rajan, a former governor of India’s central bank. Central banks must ask themselves if their policies were nimble enough when inflation shifted from low to a high regime, said Rajan

    December 2, 2022