Browsing: Economy

The numbers: Industrial production rebounded in November and rose 0.2% after a major auto strike ended, but most other manufacturers saw little improvement. Economists surveyed by the…

BOGOTA(Reuters) – Colombia’s minimum wage will increase by 12% in 2024, Labor Minister Gloria Ines Ramirez said on Friday, taking the figure to 1.3 million pesos…

The numbers: The service side of the U.S. economy grew faster at the end of the year while manufacturers remained mired in a slump, a pair…

BEIJING (Reuters) – President Xi Jinping said on Sunday that China will consolidate and enhance the positive trend of its economic recovery in 2024, and sustain…

The numbers: Builder confidence rose in December for the first time in five months as mortgage rates fell. Builder confidence increased as rates fell roughly 50…

The numbers: The cost of imported goods fell 0.4% to mark the second decline in a row, contributing to a slowdown in U.S. inflation more broadly. Economists…

By Harry Robertson LONDON (Reuters) – Investors have poured $40 billion into stocks since Oct. 9, the biggest two-week inflow since February 2022, as equities rallied,…

Senior Federal Reserve officials are by no means unanimous about the central bank’s December forecast showing three cuts in U.S. interest rates in 2024. Neither is Wall…

By Nivedita Balu TORONTO (Reuters) – The Bank of Canada’s warning that borrowing costs are likely to stay higher-for-longer has prompted anxious mortgage owners to turn…

Federal Reserve Chair Jerome Powell said Wednesday it was too early to declare victory over inflation, but financial markets have effectively declared victory for him. Some…