US inflation has steadily cooled since mid-2022, thanks to large interest-rate increases by the Federal Reserve. However, a four-month drop in the dollar is threatening to derail that trend by raising the cost of imported goods. The dollar index has fallen by more than 11% from a peak reached in late September. Loading Something is...Read More

By Siddharth Cavale NEW YORK, Jan 27 (Reuters) – Walmart Inc’s first chief economist, John List, said on Friday he is optimistic about the U.S. economy this year, citing the strength of the job market compared to previous economic downturns. “When you look at the current labor market, it looks very different from what we...Read More

The $16 Trillion European Union Economy The European Union has the third-largest economy in the world, accounting for one-sixth of global trade. All together, 27 member countries make up one internal market allowing free movement of goods, services, capital and people. But how did this sui generis (a class by itself) political entity come into...Read More

Consumer spending dropped in December for the second month in a row, as consumers retrenched after a bumpy year colored by a strong job market but also rapid inflation that eroded savings and posed a financial challenge for many Americans. Personal spending fell by 0.2 percent in December, the Commerce Department said Friday. After adjusting...Read More

Comment on this story Comment A couple of recent geopolitical events have prompted the hoary old question of whether the dollar’s hegemony as the world’s reserve currency is at risk. It isn’t. Not in the slightest. If anything, the developments just serve to underline why King Dollar sits atop the throne. The most recent challenger is a putative South American...Read More

In our news wrap Thursday, the U.S. economy shows new signs of slowing after repeated interest rate hikes by the Federal Reserve, 11 people died in Ukraine during a wave of Russian missile and drone attacks, the FBI says it took down one of the world’s leading ransomware networks and the National Archives asked former...Read More

With globalization in disrepute, how should the world’s trading powers set about fashioning a new set of rules and relationships? What might “Globalization 2.0” look like? Today, the assumption that has upheld the U.S.-led economic order since the fall of the Soviet Union – that free trade is sacrosanct – is crumbling before a wave...Read More

President Biden on Thursday will give what the White House is billing as a “major economic speech,” which he will use to contrast his vision for the economy with House Republican proposals. BIden will travel to nearby Springfield, Va., for a speech at a steamfitters union hall. He is expected to highlight the economic achievements...Read More

(Bloomberg) — A raft of bonds tied to Indian billionaire Gautam Adani fell further Thursday after a short seller accused his conglomerate of stock manipulation and accounting fraud. Most Read from Bloomberg At least five dollar bonds issued by Adani group companies were indicated down by more than a cent as of 10:35 a.m. in...Read More

WASHINGTON, Jan 25 (Reuters) – Republicans who control the U.S. House of Representatives are divided over how hard a line to take on the debt ceiling, but were united on Wednesday in demanding that Democratic President Joe Biden agree to negotiate on spending as part of any deal. Hard-line Republican conservatives, who have the power...Read More