US inflation slowing to Fed’s target: Powell

US inflation slowing to Fed’s target: Powell

(VOVWORLD) - US Federal Reserve (Fed) Chair Jerome Powell said on Monday that recent inflation data from the second quarter gives confidence that the pace of price increases is returning to the Fed...
Uncertain signals from global economy

Uncertain signals from global economy

(VOVWORLD) - The Chinese economy's slower-than-expected growth in the second quarter, coupled with unpredictable monetary policies in the US and the European Union, has led many experts to...
EC lowers Eurozone inflation, growth forecasts for 2024

EC lowers Eurozone inflation, growth forecasts for 2024

(VOVWORLD) -The European Commission (EC) on Thursday lowered its economic growth and inflation forecasts for the Eurozone in 2024, warning spreading geopolitical tensions will increase uncertainty for the single-currency...
ECB President says inflation hasn't peaked

ECB President says inflation hasn't peaked

(VOVWORLD) - Eurozone inflation has not peaked and could go even higher than currently expected, European Central Bank President Christine Lagarde said Monday, hinting at a series of interest rate hikes...
Inflation hits record high in Europe

Inflation hits record high in Europe

(VOVWORLD) -The European Union's annual inflation was 11.5% in October this year, up from 10.9% last month, according to figures published by Eurostat, the statistical office of...
Eurozone inflation hits record high

Eurozone inflation hits record high

(VOVWORLD) - Inflation in the Eurozone exceeded the forecast and hit a record high in October. It’s likely that the European Central Bank (ECB) will continue to raise interest rates...