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It is the economy’s latest show of strength in the face of several economic hurdles squeezing the US consumer. The Dow closed 555 points, or 1.4% higher, as investors cheered the retail sales ...
August 2024 Kursk Oblast incursion. Rockets launched by the Armed Forces of Ukraine destroy a Russian bridge over the Seym river in the Kursk Oblast, killing multiple volunteers who were evacuating Russian civilians. Russia's foreign ministry asserts that the missiles were launched by Western -made rocket launchers.
The Fed has maintained its benchmark overnight interest rate in the current 5.25%-5.50% range for the past year. It has hiked its policy rate by 525 basis points since 2022.
Democratic presidential candidate Kamala Harris's economic agenda will focus on lowering the cost of groceries, housing and healthcare, bolstering the child tax credit and drawing a contrast with ...
Great Reset. The Great Reset Initiative is an economic recovery plan drawn up by the World Economic Forum (WEF) in response to the COVID-19 pandemic. [ 1] The project was launched in June 2020, and a video featuring the then-Prince of Wales Charles was released to mark its launch. [ 2] The initiative's stated aim is to facilitate rebuilding ...
2021–2023 inflation surge. Following the COVID-19 pandemic in 2020, a worldwide surge in inflation began in mid-2021 and lasted until mid-2022. Many countries saw their highest inflation rates in decades. It has been attributed to various causes, including pandemic-related economic dislocation, supply chain disruptions, the fiscal and ...
Oct 1945–. Nov 1948. 37. +5.2%. +1.5%. As the United States demobilized from World War II, the decline in government spending caused a brief recession in 1945 and suppressed GDP growth for several years thereafter. However, private economic activity expanded at a brisk pace throughout this period.
The Economist is a British weekly newspaper published in printed magazine format and digitally. It focuses on current affairs, international business, politics, technology, and culture, and is mostly written and edited in Britain. [ 8] Based in London, the newspaper is owned by the Economist Group, with its core editorial offices in the United ...
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