Private payroll growth surged by 235,000 in December, well above estimate, ADP reports
Private payrolls rose by 235,000 for the month, well ahead of the 153,000 Dow Jones estimate.
Job openings hold strong despite rate hikes; manufacturing in contraction
Demand for employment remained high in November as companies looked for workers to fill positions despite worries of a looming recession.
The UK recession will be almost as deep as that of Russia, economists predict
The U.K.'s economic contraction in 2023 will be almost as deep as that of Russia, economists expect, as a sharp fall in household living standards...
Global economy is heading into a decade of low growth, economist says
The global economy likely faces a decade of sluggish growth, according to Daniel Lacalle, author and chief economist at Tressis Gestion.
ECB hikes rates, sees significant increases ahead as it announces plan to shrink balance sheet
The European Central Bank opted for a smaller rate hike at its Thursday meeting, taking its key rate from 1.5% to 2%.
Retail sales fell 0.6% in November as consumers feel the pressure from inflation
Consumers pulled back on spending in November, failing to keep up with even a muted level of inflation.
Here’s everything the Federal Reserve is expected to do Wednesday
Here's a quick look at the multiple variables that will come into play when this week's Fed meeting concludes Wednesday.
UK inflation falls from 41-year high as fuel price surge eases
U.K. inflation came in slightly below expectations at 10.7% in November, as cooling fuel prices helped ease price pressures.
Consumer prices rose less than expected in November, up 7.1% from a year ago
The consumer price index was expected to increase 0.3% in November, according to Dow Jones estimates.