OPEC+ wants concrete rate cuts before factoring impact on oil demand, Saudi energy minister says
Saudi energy minister Abdulaziz bin Salman on Oct. 5, 2022.Bloomberg | Bloomberg | Getty ImagesThe prominent OPEC+ oil producers’ alliance…
Global Economy News, Financial Trends & Market Analysis
Stay updated with the latest economy news, inflation reports, GDP growth updates, Federal Reserve decisions, and global financial developments at StockXpo. Our expert-driven economy coverage helps readers understand market movements, economic trends, and worldwide financial changes with simple and informative analysis.
The Fed’s preferred inflation measure rose 0.2% in April, as expected
Inflation rose about as expected in April, with markets on edge over when interest rates might start coming down, according…
Euro zone inflation rises to 2.6% in May, but bloc still seen heading for interest rate cut
General view of the center of Corfu with a little restaurant in Old Town in Corfu, Greece, in May 2024.Sopa…
Fed’s favorite inflation gauge is expected to show very slow progress on Friday
People shop at a supermarket in Montebello, California, on May 15, 2024. Frederic J. Brown | AFP | Getty ImagesInflation is…
Global debt has grown to $315 trillion this year — here’s how we got here
The world is mired in $315 trillion of debt, according to a report from the Institute of International Finance.This global debt wave…
The Fed probably won’t be delivering any interest rate cuts this summer
Traders work on the floor of the New York Stock Exchange during morning trading on May 24, 2024 in New…
British retail sales plunge 2.3% in April, missing estimates
People walk in the rain over the London Bridge in central London on March 12, 2024.Lucy North – Pa Images…
Auto insurance rates are jumping the most since the 1970s, but there could be relief soon
Rows of new Tesla cars are seen in a holding area near a customer collection point on April 15, 2024…
JPMorgan CEO Jamie Dimon says can’t rule out ‘hard landing’ for the U.S., stagflation will be ‘worst outcome’
JPMorgan Chase‘s chairman and CEO, Jamie Dimon, says a “hard landing” for the U.S. cannot be ruled out.When asked by…
Fed officials seem like they have ‘no idea’ what is going on with U.S. inflation, strategist says
The Marriner S. Eccles Federal Reserve building during a renovation in Washington, DC, US, on Tuesday, Oct. 24, 2023.Valerie Plesch…
UK inflation comes in hotter than expected, slashing June rate cut bets
The war between Russia and Ukraine — both major producers of food commodities and energy — has disrupted global production,…
Britain’s inflation rate could be about to drop below the Bank of England’s 2% target
A shopper selects fresh produce from a market stall in the Kingston district of London, UK, on Monday, May 20,…
Soaring debt and deficits causing worry about threats to the economy and markets
A view shows the U.S. Capitol in Washington, U.S., May 9, 2024. Kaylee Greenlee Beal | ReutersGovernment debt that has swelled…
Some consumers are punting big purchases like pools and mattresses
Ordini’s Best Fiberglass Pools contractors work to install a pool, which the company says have dramatically increased in sales due…
Markets underestimate geopolitical risk as raft of elections looms, ECB’s De Guindos says
Europe’s macroeconomic outlook is brighter — but markets may be underestimating the potential for sudden destabilization due to geopolitics, the…
CPI report shows inflation easing in April, with consumer prices still rising 3.4% from a year ago
Inflation eased slightly in April, providing at least a bit of relief for consumers while still holding above levels that…
Europe must avoid ‘disaster’ of trade decoupling as it eyes China tariffs, EU’s economics chief says
The European Union must avoid a harmful decoupling of global trade as it mulls tariffs on Chinese electric vehicles and…
Here’s everything to expect from Wednesday’s key report on inflation
People shop in the food section of a retail store in Rosemead, California, Jan. 19, 2024.Frederic J. Brown | AFP…
Wholesale prices rose 0.5% in April, more than expected
Wholesale prices jumped more than expected in April, putting up another potential roadblock to interest rate cuts anytime soon.The producer…
Inflation outlook rises, fueled by expected increases for housing costs, New York Fed survey shows
Consumers in April raised their expectations for price increases both in the near and longer term, fueled by higher inflation…
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