Investing.com — The personal consumption expenditures (PCE) price index, an inflation metric closely monitored by the Federal Reserve, climbed higher in the year to November. Although this was slightly below expectations, it still offered more evidence backing the US central bank’s more hawkish stance regarding rate cuts next year. The accelerated to a 2.4% annual […]

Dec 20 (Reuters) – Canadian wholesale trade most likely fell 0.7% in November from October, largely driven by lower sales in the motor vehicle and motor vehicle parts and accessories, and the building material and supplies subsectors, Statistics Canada said in a flash estimate on Friday. The estimate was calculated based on a weighted response

(Reuters) -The personal consumption expenditures (PCE) price index rose a less-than-expected 0.1% in November, marking a cooler inflation picture than October’s unrevised 0.2% gain, and, combined with solid but disappointing consumer spending, supported markets struggling with the Federal Reserve’s “hawkish’ rate cut this week. The Commerce Department also reported on Friday that in the year

The University of Michigan has released its Consumer Sentiment Index, a key indicator of the relative level of current and future economic conditions. The actual figure released stands at 74.0, a number that aligns perfectly with the forecasted figure. The Consumer Sentiment Index is compiled from a survey of approximately 500 consumers. It is designed

By Promit Mukherjee OTTAWA (Reuters) -Canada’s retail sales in October were marginally lower than expected as a jump in new car sales offset consumers’ reduced purchases at supermarkets, grocery stores and wine shops, data showed on Friday. Retail sales, which comprise motor vehicles, clothing, furniture, food and beverages and others, grew by 0.6% in October,

BUENOS AIRES (Reuters) – Argentina’s economic activity fell 0.7% in October compared with the same month a year earlier, the fifth consecutive month the economy has contracted in year-on-year terms, the official statistics agency said on Friday. Analysts had forecast a 2.2% contraction. The grains-rich country’s economic activity increased 0.6% versus a month earlier, after

(Reuters) – U.S. companies borrowed 8.7% more to finance equipment investments in November compared with the same period a year earlier, the Equipment Leasing and Finance Association said on Friday. New loans, leases and lines of credit signed up by companies in November rose to $10.36 billion, from $9.53 billion in the year-ago period. The

By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer spending increased in November amid strong demand for a range of goods and services, underscoring the economy’s resilience, which saw the Federal Reserve this week projecting fewer interest rate cuts in 2025 than it had in September. There was also good news on inflation last month after a

LONDON (Reuters) – British business confidence fell to its lowest level of 2024 in December but employers were a bit more optimistic about the wider economy, according to a survey published on Monday, while separate data showed a pre-Christmas rise in hiring and pay. The Lloyds (LON:) Bank Business Barometer measure of confidence among companies

By Bing Hong Lok SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose 1.9% in November on a yearly basis, lower than economists’ forecasts and the smallest rise in nearly three years, official data showed on Monday. The core inflation rate – which excludes private road transport and accommodation costs – was lower than the