Us Retail Sales Get Unexpected Boost In August The US Census Bureau's retail sales data for August surpassed expectations, yet concerns persist about the overall state of the US economy This data highlights the tough decision facing the Fed as it tries to avoid a recession and get inflation back to the target rate There are undeniably still signs of inflation in the US economy, yet
Us Retail Sales Rise 0 7 In August Beat Forecasts Despite Covid Surge Marlboro cigarette maker Philip Morris has been forced to sell a British maker of asthma inhalers at a steep loss after a growing backlash from health groups opposed to its ownership Philip Morris IST, the barometer index, the S&P BSE Sensex was rallied 67497 points or 081% to 83,61810 The Nifty 50 index advanced 19245 points or 076% to 25,57000 The unemployment rate ticked down to 42% in August from 43%, offering some comfort that labor market conditions are not deteriorating in a non-linear way However, joblessness has continued to rise The US Federal reserve will announce its interest rate decision 18 September with analysts expecting the Fed to make its first rate cut of the year
Sales At U S Retailers Leap In August The unemployment rate ticked down to 42% in August from 43%, offering some comfort that labor market conditions are not deteriorating in a non-linear way However, joblessness has continued to rise The US Federal reserve will announce its interest rate decision 18 September with analysts expecting the Fed to make its first rate cut of the year Apple saw nearly $94bn (£71bn) wiped off its valuation after analysts warned demand for its new iPhone would be weaker than expected Shares in the world’s most valuable company fell by 28pc on US inflation slowed to 25 percent in the year through August, but beneath the surface the details suggested that the costs of key categories, like housing, were stubborn Stock markets rallied last week, with S&P 500 gaining 401% and Nasdaq rising by 594%, ahead of the FOMC meeting Click here to read more The price of gold has hit a new record high amid signs that the US Federal Reserve will cut interest rates at its next meeting Bullion hit an all-time high of $2,49255 an ounce, up 15pc on the day,
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