Inflation levels across the United States are expected to surge to yet another record high, according to the Federal Reserve Bank of New York’s latest monthly Survey of Consumer Expectations (SCE) published on Monday. The SCE contains information about how consumers expect overall inflation and prices for food, gas, housing, and education to behave. The report is…
Inflation Levels Across Unites States Expected to Surge to Another Record High: Federal Reserve Survey
Inflation Levels Across United States Expected to Surge to Another Record High: Federal Reserve Survey
Inflation levels across the United States are expected to surge to yet another record high, according to the Federal Reserve Bank of New York’s latest monthly Survey of Consumer Expectations (SCE) published on Monday. The SCE contains information about how consumers expect overall inflation and prices for food, gas, housing, and education to behave. The report is…
3 Ways Customer Relationships Will Change Forever in Light of COVID-19
November 9, 2021
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Business & EconomyBusinesses in COVID-19CompaniesCOVID-19customer datacustomer experiencecustomer relationshipEconomiesInternationaloperationsWorld
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By Dr. Gero Decker Undoubtedly, COVID-19 has rocked the economy. The International Monetary Fund’s (IMF) World Economic Outlook predicts the cumulative loss to the world’s GDP from 2020 to 2021 will be approximately $9 trillion. That’s more than the combined economies of Germany and Japan. But the crisis has disrupted more than global markets; it…
Fed Officials Turn Focus to Rate Debate, Eye on Jobs, Inflation
WASHINGTON—U.S. Federal Reserve officials on Monday turned their focus toward a debate over monetary policy that will heat up in coming months as the Fed slows the pace of its asset purchases, clearing the decks for interest rate hikes as soon as next year. At the center of the debate will be an assessment of…
Wall Street Closes Up on Infrastructure Gains but Tesla Weighs
NEW YORK—Wall Street stocks ended slightly higher on Monday, rising early after passage of an infrastructure spending bill but paring gains late as sliding Tesla shares weighed the indexes down. Still, the S&P 500 and the Nasdaq extended their run of all-time closing highs to eight straight sessions. The blue-chip Dow notched its second consecutive…
Citigroup Expects up to $1.5 Billion Charge From South Korea Retail Banking Exit
Citigroup Inc. said on Monday it expects to take a cash charge of nearly $1.2 billion to $1.5 billion related to the closure of its consumer banking business in South Korea. The bank had announced its plan to exit consumer businesses in 13 markets in Asia and EMEA (Europe, Middle East, and Africa), where it…
Dollar Falls From 15-Month High, Central Banks Hold Interest Rates Steady Amidst Rising Inflation
November 8, 2021
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Business & EconomyCentral Bankconsumer price indexdollar indexEconomieseconomyinflationMarket WatchUSUS News
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The dollar made a steady start on Monday but fell below the 15-week peak reached after the Nov. 5 release of jobs data, as wary investors remained watchful of the central bank’s continued tolerance of inflation amidst the market’s volatile interest rate projections. Investors are waiting for U.S. Consumer Price Index data due on Wednesday….
Google Parent Alphabet Crosses $2T Mark, Sharing Podium With Apple, Microsoft
Alphabet Inc GOOGL rallied on November 8 to surpass the $2 trillion in market value for the first time, rubbing shoulders with Apple Inc and Microsoft Corp, Bloomberg reports. What Led To Growth? A rebound in spending on digital ads and growth in its cloud business fueled the rally. The Class A shares gained as…
Fed’s Clarida Acknowledges ‘Much More Than Moderate Overshoot’ of Inflation Target
The Federal Reserve’s second-in-command, Vice Chair Richard Clarida, said on Nov. 8 that inflation this year has been far higher than the Fed expected, and while he still believes inflationary pressures are transitory and will dissipate “over time,” a longer run of elevated prices would amount to a policy failure on the part of the…
Euro Zone Investor Morale Rises on More Upbeat Outlook
November 8, 2021
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Business & EconomyBusinesses in COVID-19CompaniesEconomieseuroEuropeinflationInvestmentinvestorMarketsMoraleUpbeatWorld
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BERLIN—Investor morale in the euro zone rose in November for the first time since July as investors expected supply bottlenecks and higher prices to hold back the economy only temporarily, a survey showed on Monday. Sentix’s index for the euro zone rose to 18.3 from 16.9 in October. A Reuters poll had pointed to a…
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