Private payroll growth slowed to 122,000 in July, less than expected, ADP says
Companies added just 122,000 jobs on the month, the slowest pace since January.
Euro zone inflation rises to 2.6% in July, above expectations
Headline inflation in the euro zone unexpectedly rose to 2.6% in July, the European Union's statistics agency said Wednesday.
Euro zone’s economy grew 0.3% in second quarter, above expectations despite German contraction
The euro zone's economy grew by more than expected in the second quarter of 2024, flash figures from the European Union's statistics office showed Tuesday.
Fed’s key inflation gauge rose 2.5% in June from a year ago, in line with expectations
The PCE price index was expected to increase 0.1% in June and 2.5% from a year ago.
U.S. economy grew at a 2.8% pace in the second quarter, much more than expected
Gross domestic product in the second quarter was expected to show a 2.1% annualized increase.
Why an indicator that has foretold almost every recession doesn’t seem to be working anymore
The situation has many on Wall Street scratching their heads about why the inverted curve has been so wrong this time
Wealth in Turkey grew the most in the world at 157% despite soaring inflation, according to ranking
For Turks who own assets like homes, wealth has grown as inflation pushes the costs of those assets up.
UK inflation holds steady at Bank of England’s 2% target, above expectations
The Office for National Statistics released inflation figures for June on Wednesday.
Trump says he would let Fed Chair Powell finish his term if he wins in November, Bloomberg reports
Former President Donald Trump told Bloomberg Businessweek that he would let Fed chief Jerome Powell complete his term if he wins in November.