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The Australian Competition and Consumer Commission (ACCC) published an intriguing report concerning Australian consumer losses caused by scams in 2019. It accounted for USD $435.2 million in losses, equaling to AUD $624 million.

The data was gather by Scamwatch, ANZ, Commonwealth Bank, NAB, Westpack, and other agencies.

The 2019 losses saw a 34% increase as compared to 2018's AUD $489 million number. However, the increase of losses in 2019 does not mirror the number of scam reports made to Scamwatch that same period. In fact the agency saw a 5% decrease in reports in 2019, when compared to the previous year.

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Consumer prices in the U.S. increased by more than anticipated in the month of July, according to a report released by the Labor Department on Wednesday. The Labor Department said its consumer price index climbed by 0.6 percent in July, matching the increase seen in June. Economist had expected consumer prices to rise by 0.3 percent.

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The World Economic Forum on Wednesday announced that it is postponing its annual meeting in Davos, Switzerland, to "early next summer".

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Citing the economic hardships caused by the COVID-19 pandemic, the Federal Reserve left interest rates unchanged on Wednesday and signaled rates are likely to remain at near-zero levels for years to come. The Fed announced its widely expected decision to keep the target range for the federal funds rate at zero to 0.25 percent.

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After reporting a substantial improvement in U.S. consumer confidence in the previous month, the Conference Board released a report on Tuesday unexpectedly showing a slight drop in confidence in the month of October.

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Most Americans are focused on the outcome of the presidential election, although members of the Federal Reserve still announced their latest monetary policy decision on Thursday. The members of the Fed announced that they decided to keep the target range for the federal funds rate at 0 to 1/4 percent, as widely expected.

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This is where we are. The hard times we’ve long anticipated are here.

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Lawmakers have been negotiating another relief packing that would push the deficit even higher, but talks may be faltering.

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In its first monetary policy decision of the New Year, the Federal Reserve left interest rates unchanged as widely expected on Wednesday and revealed it plans to maintain its asset purchase program at the current pace.

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