US banks borrow $1.5 billion from Fed’s repo facility in sign of mild funding pressure
U.S. banks borrowed $1.5 billion from the Federal Reserve’s Standing Repo Facility on Monday, the deadline for quarterly corporate tax…
US business inventories increase moderately in July
U.S. business inventories increased marginally in July amid a surge in sales, government data showed. Inventories rose 0.2% after advancing…
Spending slowdown hits younger generation
U.S. spending growth remains relatively soft among younger consumers, according to the latest “Consumer Checkpoint” from the Bank of America…
US manufacturing output unexpectedly rises on rebound in motor vehicle production
U.S. factory production unexpectedly increased in August amid a rebound in the output of motor vehicles and some nondurable goods,…
UK grocery inflation slows marginally in September, says Worldpanel
British grocery inflation edged down to 4.9% in the four weeks to September 7, according to data from Worldpanel by…
China replaces Germany in top 10 of UN’s most innovative nations
China moved into the top 10 of the United Nations’ annual ranking of most innovative countries for the first time…
US consumers are feeling the stress of inflation, interest rates, report shows
Some U.S. consumers are showing increased signs of stress as inflation and higher interest rates are affecting affordability and leading…
UK wage growth to ease further as jobs market cools
The UK jobs market is still cooling, though crucially, not materially faster than it was in the spring, following April’s…
EU falling behind on growth, reforms even more urgent, says Draghi
The European Union is falling further behind global rivals on growth and governments are failing to grasp the urgency to…
Trump’s push to overhaul Fed casts long shadow over policy meeting
Federal Reserve officials are preparing to gather on Tuesday for a two-day meeting amid rising concerns about the central bank’s…