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Confidence among U.S. consumers has seen a substantial deterioration in the month of July, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index tumbled to 90.9 in July from a downwardly revised 99.8 in June. more...
The International Monetary Fund slashed the growth forecast for this year on Thursday, citing sluggish economic activity in the U.S. during the first quarter, and continued slowdown in the emerging market economies. More...
An unexpected decline in output in the United States prompted the International Monetary Fund to lower the global growth forecast for this year, while warning that the uncertainty in Greece and re-balancing in China could pose risks to the outlook. More...
Trading the News: U.S. Consumer Price Index (CPI) A meaningful pickup in the U.S. Consumer Price Index (CPI) may boost the appeal of the greenback and spur fresh monthly lows in EUR/USD as it fuels speculation for a Fed rate hike in 2015. What’s Expected: Why Is This Event Important: Signs of stronger price growth may encourage the Fed to adopt a more hawkish tone for monetary policy, and we may ...
Eurozone leaders unanimously reached an agreement early Monday to start talks with Greece for a EUR 82-86 billion third bailout programme after hours of negotiations, empowering the country to battle a severe economic crisis and remain in the single currency bloc. more...
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