Source: US Bureau of Labor Statistics Inflation in the United States posted a slight acceleration in September to match the 13-year high recorded in the previous months, due to higher prices of food and shelter. The Consumer Price Index (CPI) grew 0.4% in September from 0.3% in August, while annual inflation clocked in at 5.4%.The annual inflation follows the 5.3% in … [Read more...] about US Inflation Returns to 13-Year High in September
Forex News
UK Economic Growth Posts Slight Rebound in August
Source: Office for National Statistics The United Kingdom’s economic growth posted a slight rebound in August, as services and production recorded gains during the month. EWU is down 0.18% premarket. The gross domestic product grew by 0.4% in August, following the revised 0.1% decline in July. Growth remains 0.8% below levels before the COVID-19 pandemic.Services output … [Read more...] about UK Economic Growth Posts Slight Rebound in August
House Approves Debt Limit Expansion That Will Last Through Early December
Source: The Wall Street Journal The House on Tuesday voted on partisan lines to increase the U.S. borrowing limit into December as Democratic lawmakers struggled with legislation to set a new ceiling for U.S. debt later this year. DXY down -0.22%, EUR USD up +0.46% House Speaker Nancy Pelosi recalled the House after a week away to pass the debt-ceiling rise that cleared … [Read more...] about House Approves Debt Limit Expansion That Will Last Through Early December
China’s September Exports Unexpectedly Faster Despite Power Shortages
Source: National Bureau of Statistics of China China’s export expansion unexpectedly rose in September as continued solid global demand offset pressures on factories from power shortages, supply constraints, and resurgence of local COVID-19 cases. CSI 300 Index up +1.15%, CNY USD up +0.09% The world’s second-largest economy has made a significant rebound from the … [Read more...] about China’s September Exports Unexpectedly Faster Despite Power Shortages
US Job Openings Slip to 10.439 Million in August
Source: Bureau of Labor Statistics American job vacancies fell to 10.439 million in August after the record-high recorded the previous month, with hiring down while separations were little changed. Job openings fell to 10.439 million from the record-high 11.098 million in July, and up from the 6.451 million recorded the same month last year.Total private openings stood at … [Read more...] about US Job Openings Slip to 10.439 Million in August
