Economy

Private payroll growth slowed to 122,000 in July, less than expected, ADP says

Private job growth slowed further in July while the pace of wage gains hit a three-year low, payrolls processing firm…

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, even…

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…

Fed’s key inflation gauge rose 2.5% in June from a year ago, easing path to rate cut

An important gauge for the Federal Reserve showed inflation eased slightly from a year ago in June, helping to open…

U.S. economy grew at a 2.8% pace in the second quarter, much more than expected

Economic activity in the U.S. was considerably stronger than expected during the second quarter, boosted by a strong consumer, government…

Why an indicator that has foretold almost every recession doesn’t seem to be working anymore

Wall Street’s favorite recession signal started flashing red in 2022 and hasn’t stopped — and thus far has been wrong…

Wealth in Turkey grew the most in the world at 157% despite soaring inflation, according to ranking

Turkey came out miles ahead of the rest of the world in an annual global wealth ranking — in a…

UK inflation holds steady at Bank of England’s 2% target, above expectations

U.K. inflation held steady at the Bank of England’s 2% target in June, Official National Statistics data showed Wednesday. The…

Trump says he would let Fed Chair Powell finish his term if he wins in November, Bloomberg reports

Donald Trump will allow Federal Reserve Chair Jerome Powell to complete his term at the central bank if he won…