Economy News

The U.S. Producer Price Index (PPI) for final demand increased by 0.4% in November, following a 0.3% rise in October and a 0.2% increase in September, according to the U.S. Bureau of Labor Statistics.

Rising inflation continues to challenge the U.S. economy, with housing costs playing a significant role.

In a surprising break from tradition, President-elect Donald Trump has invited Chinese President Xi Jinping to attend his upcoming inauguration, challenging over a century of diplomatic protocol.

Former Cleveland Fed President Loretta Mester suggests that the Federal Reserve may need to rethink its interest rate strategy in light of recent inflation developments.

The latest U.S. inflation data, showing a slight uptick in CPI to 2.7% in November, has ignited optimism among cryptocurrency investors, particularly for Bitcoin and altcoins.

The U.S. Consumer Price Index (CPI) data for November 2024 shows a moderate increase in inflation, reflecting ongoing price pressures in key sectors.

Ray Dalio, the billionaire founder of Bridgewater Associates, recently raised concerns about a looming global debt crisis, highlighting the unsustainable debt levels in major economies such as the U.S. and China.