The U.S. economy remains a heated topic in presidential debates and a top concern for American voters. Eight in ten registered voters say it will be crucial to their vote in the 2024 presidential elections. The next president will face a debt problem that could lead to a crisis, strategist says Under a new presidential…
The dollar extended its gains in early Monday trades in Asia as a holiday in Japan sapped liquidity, leaving China’s somewhat disappointing weekend stimulus announcements the focus of market attention. Alfexe | Istock | Getty Images The dollar extended its gains in early Monday trades in Asia as a holiday in Japan sapped liquidity, leaving…
(Bloomberg) — China’s deflationary problems became more entrenched in September, with consumer prices still weak and factory gate prices continuing to fall. Most Read from Bloomberg The consumer price index inched up 0.4% from last year, although that was boosted above zero only by a jump in fresh vegetable prices. Core CPI rose 0.1% in…
A debate over what constitutes a fair wage for Hong Kong’s foreign domestic workers has arisen between worker unions and employment agencies after the government announced a salary increase. The minimum wage for foreign domestic workers has increased by HK$120 (US$15) a month to HK$4,990, a 2.5 per cent rise, amid consumer price inflation in…
A debate over what constitutes a fair wage for Hong Kong’s foreign domestic workers has arisen between worker unions and employment agencies after the government announced a salary increase. The minimum wage for foreign domestic workers has increased by HK$120 (US$15) a month to HK$4,990, a 2.5 per cent rise, amid consumer price inflation in…
A worker arranges peaches at a fruit stand in the Pike Place Market in Seattle, Washington, US, on Thursday, July 4, 2024. SeongJoon Cho | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know,…
David Paul Morris/Bloomberg via Getty Images Inflation fell in September as lower gasoline prices combined with other waning price pressures in areas such as housing to bring relief to consumers’ wallets, according to the U.S. Bureau of Labor Statistics. The consumer price index, a key inflation gauge, was up 2.4% last month from September 2023,…
U.S. inflation has hit its lowest level since early 2021, marking a cooling trend in three years of economic price pressures. The Labor Department reported Thursday that consumer prices rose 2.4 percent in September compared to the same month last year, down slightly from 2.5 percent in August. This marks the smallest annual increase since…
The pace of price increases over the past year took was higher than forecast in September while jobless claims posted an unexpected jump following Hurricane Helene, the Labor Department reported Thursday. The consumer price index, a broad gauge measuring the costs of goods and services across the U.S. economy, increased a seasonally adjusted 0.2% for…
WASHINGTON — U.S. inflation last month likely reached its lowest point since February 2021, clearing the way for another Federal Reserve rate cut and adding to the stream of encouraging economic data that has emerged in the final weeks of the presidential campaign. The consumer price index is expected to have risen just 2.3% in…