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Can’t figure out this economy? Walmart, Home Depot are having trouble, too
Economy
Britain is now the only major economy where inflation is still rising
The OECD said Tuesday that year-on-year inflation in the G7 fell to 4.6% in May, down from 5.4% in April, reaching its lowest level since Sept. 2021. The downward trend was observed across most advanced […]
Economy
Housing, GDP, Inflation, Debt Ceiling Mark a Week Also Full of Political Maneuverings
There’s a little bit of everything for economy watchers this week as data comes in on the housing market, first-quarter gross domestic product, inflation and consumer sentiment. It’s also a week that could be influenced […]
Economy
Goldman Sachs cuts GDP forecast because of stress on small banks, which are key to U.S. economy
Goldman Sachs on Wednesday lowered its 2023 economic growth forecast, citing a pullback in lending from small- and medium-sized banks amid turmoil in the broader financial system. The firm lowered its growth forecast by 0.3 […]