Tag: Economic Indicators

U.S. Consumer Spending Buffeted by Fastest Inflation in Decades (Bloomberg) — U.S. consumers took a breather in November a month after a holiday spending surge, but that pause risks becoming more lasting if Americans pull back when faced with both the fastest inflation in decades and the omicron variant. Purchases of goods and services, after…

© Reuters. FILE PHOTO: People visit a Christmas market in Mulhouse, France December 15, 2021. REUTERS/Yves Herman PARIS (Reuters) – French growth and inflation will moderate in 2022 after a faster than expected recovery this year, after which a tighter labour market will boost wages, the French central bank forecast on Sunday. The euro zone’s…

© Reuters. FILE PHOTO: The headquarters of the European Central Bank (ECB) in Frankfurt, Germany, March 12, 2016. REUTERS/Kai Pfaffenbach/File Photo FRANKFURT (Reuters) -The European Central Bank may be underestimating inflation risks, a diverse group of policymakers said on Friday, just hours after the bank extended stimulus measures to keep boosting price pressures. Inflation has…

© Reuters. FILE PHOTO: A man wearing a protective mask walks past the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020.REUTERS/Kim Kyung-Hoon By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Haruhiko Kuroda said on Wednesday the country’s consumer inflation may approach his 2% target as…

© Reuters. FILE PHOTO: Federal Reserve Chair Jerome Powell prepares to testify before a Senate Banking Committee hybrid hearing on oversight of the Treasury Department and the Federal Reserve on Capitol Hill in Washington, U.S., November 30, 2021. REUTERS/Elizabeth By Lewis Krauskopf NEW YORK (Reuters) – Investors are bracing for the last Federal Reserve meeting…

© Reuters. FILE PHOTO: Shoppers wear mask and fill Cologne’s main shopping street Hohe Strasse (High Street) in Cologne, Germany, 12, December, 2020. REUTERS/Wolfgang Rattay/File Photo WASHINGTON (Reuters) -Finance ministers from the Group of Seven rich nations will meet virtually on Monday to discuss the recent spike in inflation, among other matters, a source familiar…

© Reuters. FILE PHOTO: A sign is pictured outside the Bank of Canada building in Ottawa, Ontario, Canada, May 23, 2017. REUTERS/Chris Wattie/File Photo By Steve Scherer OTTAWA (Reuters) – The Bank of Canada will leave its inflation target at 2% in a framework renewal, shunning a major shift in monetary policy strategy similar to…

© Reuters. FILE PHOTO: Japan’s Prime Minister Fumio Kishida speaks to media at his official residence in Tokyo, Japan November 24, 2021. Mandatory credit Kyodo/via REUTERS/File Photo TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida vowed on Monday to ensure workers’ wage hikes through tax breaks to protect the economy from the impact of rising…

© Reuters. FILE PHOTO: Residential buildings under construction and a power station are seen near the central business district (CBD) in Beijing, China, January 15, 2021. REUTERS/Tingshu Wang/File Photo By Kevin Yao BEIJING (Reuters) -Advisers to China’s government will recommend authorities set a 2022 economic growth target below the one set for 2021, giving policymakers…

Salesforce.com  (CRM) – Get salesforce.com, inc. Report moved lower Wednesday as analysts reacted to the customer-relations-management-software provider’s weaker-than-expected fourth-quarter outlook.Shares of the San Francisco company were down nearly 5% to $271.40 at last check.Salesforce said third-quarter revenue rose 27% to $6.86 billion, helping deliver an adjusted bottom line of $1.27 a share. However, the company said fourth quarter profit…