Retail Sales rose in October by 1.3% above the 1% of market consensus. Analysts point out that despite the apparent endurance, consumers are struggling to keep up the pace. They warn that the last time credit card borrowing was growing like it is now, the US was heading into the …

BoE’s Swati Dhingra said on Wednesday that the British central bank could deepen an expected recession if its pushes up borrowing costs beyong the present level.“You could think of getting into a much deeper, much longer recession if rates continue to rise because there is already about a fairly sizeable …

On Wednesday, ECB Vice President Luis de Guindos said the central bank needed to keep inflation expectations anchored. In a report published Wednesday, the ECB said households and businesses were under pressure from high rates, a poor economic outlook and monetary tightening; but government support needed to be “targeted.”De Guindos …

On Wednesday, the US Dollar Index continues to erase its daily losses following the comments by important Fed and was last seen losing 0.17% on the day at 106.38.New York Federal Reserve President John Williams said that the monetary policy is not the best tool to address financial stability risks, …

Most financial assets witnessed a seemingly volatile US trading session on Tuesday. Optimism and fears constituted a fantastic mix that was seemingly obvious throughout the day. The US dollar fell to fresh monthly lows against most major rival currencies ahead of Wall Street’s opening but eventually managed to post a …

As early as the beginning of 2022, the-then Italian PM Mario Draghi suggested a dangerous idea that large oil buyers could form a new club or sort of forum together and challenge OPEC+. The idea did not take further steps into reality because one obvious problem could not be ignored, …

Wall Street closed higher on Tuesday as investors maintained positive sentiment about additional signals that US inflation is easing and amid good earnings reports, but retreated from the day’s high after reports of a missile strike in Poland.NATO and the Pentagon said they were looking into unconfirmed reports that two …

Amazon founder Jeff Bezos has advised consumers and businesses of postponing large purchases in the coming months as the global economy contends with a downturn and faces a most possible recession.Bezos offered his simplest advice on a uncertain economy in an exclusive sit-down interview with CNN. Bezos also urged people …

Ukrainian President Volodymyr Zelenskyy said the Russian missile strikes on NATO territory are ‘a significant escalation, action is needed’.A Russian missile barrage on the Ukrainian power grid sent the war spilling over into neighboring countries Tuesday, hitting NATO member Poland and cutting electricity to much of Moldova.The strikes plunged much …

A Polish reporter was quoted on the blasts tonight as saying, ”My sources in the services say that what hit Przewowo is most likely the remains of a Russian rocket shot down by the Armed Forces of Ukraine.”US stocks are rallying on the relief of the prospects that this is …