July 24, 2024 United States: The US Economy Is Slowing, Which Is Just Fine With the Fed Having boomed its way through 2023, the US economy is coming back to earth. Companies are hiring fewer workers. Consumers are spending less. The housing market is all but paralyzed by the highest interest rates in decades. Manufacturing
July 23, 2024 United States: Stocks Edge Up as Earnings Kick Into High Gear: Markets Wrap Stocks edged higher as traders waded through a deluge of corporate results for clues on whether the market will be able to extend this year’s record-breaking rally. Companies will have to impress as expectations are elevated, especially for megacap
July 22, 2024 The euro area's (EA20) general government gross debt-to-GDP ratio was 88.7% at the end of the first quarter of 2024, up from 88.2% in the fourth quarter of 2023. In the EU, the percentage rose from 81.5% to 82.0%. Government debt to GDP ratios fell in both the euro area (from 90.1%
July 22, 2024 United States: Flailing Stock Market to Get a Lifeline From Earnings, Survey Shows Despite the recent stock market slump that has some Wall Street pros bracing for a summer correction, respondents to Bloomberg’s Markets Live Pulse survey expect the latest round of corporate earnings to reinvigorate the S&P 500 Index. As the reporting season
July 19, 2024 Quarterly GDP growth According to Eurostat's estimate, seasonally adjusted GDP in both the euro area and the EU increased by 0.3% in the first quarter of 2024 compared to the previous quarter. In the fourth quarter of 2023, GDP remained constant in both the euro area and the EU. Seasonally adjusted GDP
July 19, 2024 United States: Economists Trim US Inflation Forecasts, Paving Way for Fed Cut Economists trimmed their US inflation projections through the first half of 2025 and see a slightly higher unemployment rate, a combination they expect will encourage the Federal Reserve to start lowering interest rates. Forecasters in the latest Bloomberg monthly survey
July 18, 2024 United States: US Companies Boost Imports in Rush to Avoid Tariffs A race to bring goods into the US before more tariffs on Chinese goods kick in is helping to fuel an earlier-than-usual peak season at West Coast ports. That import frenzy is adding to a capacity crunch on Pacific trade lanes
July 17, 2024 The euro area annual inflation rate fell to 2.5% in June 2024, from 2.6% in May. A year ago, the rate was 5.5%. Annual inflation in the European Union fell to 2.6% in June 2024, from 2.7% in May. A year ago, the rate was 6.4%. These figures are issued by Eurostat,
July 17, 2024 United States: Fed’s Williams Says Recent Inflation Data Positive, More Needed Federal Reserve Bank of New York President John Williams said inflation data over recent months has been encouraging, but he wants to see more evidence in the coming months to gain the confidence needed to lower borrowing costs. Speaking in an
July 16, 2024 According to preliminary euro area balance estimates, there was a €13.9 billion surplus in trade in goods with the rest of the world in May 2024, up from a deficit of €0.4 billion in May 2023. Euro area exports to the rest of the world in May 2024 totaled €241.5 billion, a
