Astech World Business News Astech World Business News

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.

The PCE price index was expected to increase 0.1% in June and 2.5% from a year ago.

Gross domestic product in the second quarter was expected to show a 2.1% annualized increase.

The situation has many on Wall Street scratching their heads about why the inverted curve has been so wrong this time

As the frontrunner for the Democratic party’s nomination, Kamala Harris will have to run, for better or worse, on President Joe Biden’s economic record.

For Turks who own assets like homes, wealth has grown as inflation pushes the costs of those assets up.

The Office for National Statistics released inflation figures for June on Wednesday.

Former President Donald Trump told Bloomberg Businessweek that he would let Fed chief Jerome Powell complete his term if he wins in November.

Stubborn services and wage inflation will slow the pace of disinflation in the U.S. and globally, according to the IMF.

The upgrades come after two years of stagnation, with the U.K. falling into a shallow recession in the second half of 2023.